In today's video I look at fundamentals and valuation metrics for Roku (NASDAQ:ROKU), JD (NASDAQ:JD), Okta (NASDAQ:OKTA), and Spotify (NYSE:SPOT). Below I share a few highlights from the video on why investors should add them to their watch lists. 

Two reasons to add Roku to your watch list

  1. Roku is a streaming growth machine. It reported 79% year-over-year (YOY) revenue growth and 35% YOY active accounts growth for the first quarter of 2021.
  2. Roku has exceptional fundamentals for its trailing 12 months (TTM). It has positive cash flow from operations, positive earnings, and more cash and short-term investments than debt.

Two reasons to add JD to your watch list

  1. JD is an innovation machine, as the company continues to work with AR/VR and many emerging technologies to increase customers' experience when using its e-commerce platform. 
  2. JD has exceptional fundamentals for its TTM. It has positive cash flow from operations, positive earnings, and more cash and short-term investments than debt.

Two reasons to add Okta to your watch list

  1. Okta is growing at impressive levels. It reported 37% year-over-year (YOY) revenue growth and 38% YOY subscription revenue growth for the first quarter of 2021.
  2. Okta has recently finished the acquisition of Auth0, which further enhances its footprint in the security identity market.

Two reasons to add Spotify to your watch list

  1. Spotify reported 24% year-over-year (YOY) premium subscriber growth and 16% YOY revenue growth for the first quarter of 2021. 
  2. At the midpoint of its full-year guidance, Spotify expects 178 million paid subscribers, roughly 20 million more than it ended the first quarter of 2021 with.

Click the video below for my full thoughts and analysis. 

*Stock prices used were the closing prices of June 11, 2021. The video was published on June 12, 2021. 



This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.