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2 Streaming Stocks to Watchlist This Week

BusinessMarkets2 Streaming Stocks to Watchlist This Week
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In recent years, the streaming industry has grown rapidly due to the increasing demand for online content consumption. Streaming companies provide their customers with online access to TV shows, movies and other forms of entertainment. companies like Netflix ,Nasdaq: NFLX), Amazon Prime Video, Disney+ and Hulu have fueled the industry by providing a more affordable and personalized viewing experience than traditional cable television.

streaming stock It has become a popular investment option for investors looking to capitalize on the rapid growth of the industry. These stocks represent companies that are at the forefront of the streaming industry, and they offer investors a unique opportunity to invest in the future of media consumption. With the rise of streaming services, investors are looking for companies with large market share and strong competitive advantage.

Furthermore, investing in streaming stocks allows investors to participate in industry growth while potentially reaping significant financial rewards. However, like any investment, there are risks associated with investing in streaming stocks, and investors should carefully consider their investment objectives and risk tolerance before investing. With that being said, here are two streaming stocks to watch Share Market This coming week.

streaming stocks to buy [Or Avoid] Now

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Amazon.com Inc. (AMZN) is a leading player in the streaming industry with its Prime Video platform, which is included in its popular Amazon Prime subscription service. In addition to its streaming services, Amazon also has a diverse range of businesses including e-commerce, cloud computing, and digital advertising.

In February, Amazon reported its fourth quarter 2022 financial and operating results. In terms of its streaming business, the fourth quarter of 2022 saw the highly anticipated release of Amazon Prime Video’s The Lord of the Rings: The Rings of Power, which attracted over 100 million viewers worldwide. As a result, it generated more Prime sign-ups worldwide than any other Prime Video content. In addition, Thursday Night Football experienced its most streamed NFL game ever. Specifically, an average audience of 11.3 million viewers.

So far in 2023, shares of Amazon stock are up 5.72% year-to-date. Whereas, last Friday, shares of AMZN stock closed at $90.73 per share, down 1.65% for the day.

Source: TD Ameritrade TOS

[Read More] Buy Dividend Stocks Now? 3 for your watchlist

The Walt Disney Company (DIS Stock)

next, the walt disney company (DIS) is another major player in the streaming industry with its Disney+ platform. In fact, Disney+ has gained significant market share since its launch in 2019. Disney’s strong brand and intellectual property portfolio, including popular franchises such as Star Wars, Marvel and Pixar, have given it a competitive advantage in the industry.

Just last month, The Walt Disney Company announced a strategic reorganization aimed at refocusing the organization on creativity and empowering creative leaders. The company will be divided into three core business segments, including Disney Entertainment, which will be overseen by co-chairmen Alan Bergman and Dana Walden, who will manage all content decisions for the company’s streaming businesses, including Disney+ and Hulu. The restructuring emphasizes the company’s commitment to the streaming industry, which remains a top priority for the company’s continued growth and profitability.

Year-to-date, shares of DIS stock have gained 5.17% so far. Meanwhile, as of last Friday’s closing bell, DIS stock ended up down 2.67% at $93.57 per share.

Source: TD Ameritrade TOS

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The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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