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4 Stocks I'm Watching This Week as Potential Buys

By Jose Najarro – Sep 27, 2021 at 3:15PM

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News on an acquisition could provide investors with a great entry for one of these stocks.

Today's video focuses on recent news affecting Roku (ROKU -0.76%), Draftkings (DKNG -1.30%), Paysafe (PSFE 5.15%), and Shopify (SHOP 0.05%). Here are some highlights from the video.

  1. During Roku's 2021 second-quarter earnings report, the company reported 81% year-over-year revenue growth, driven by 28% active-accounts growth and 19% streaming hours growth. Roku's original content seems to be a success, as one out of every three Roku users streamed a Roku original in this most recent quarter. 
  2. Draftkings has offered to purchase Entain. The offer has yet to be approved, but if it is, it could provide strong acceleration in products Draftkings offers. Both Entain and Draftkings are focusing on content creation and trending digital markets to acquire new customers. Draftkings has done it with its recent marketplace, a place to buy and sell digital sports collectibles, and Entain is focusing on creating free-to-play games and experiences for its users. 
  3. Shopify continues to roll out new features. In late August, Shopify teamed up with TikTok to allow its vendors to add a shopping tab on their TikTok profile. Roku plans to roll out an app that will enable Shopify merchants to do advertisement campaigns on Roku. 

Click the video below for my full thoughts and analysis. 

*Stock prices used were the close prices of Sept. 24, 2021. The video was published on Sept. 26, 2021.

Jose Najarro owns shares of DraftKings Inc., Paysafe Limited, Roku, and Shopify. The Motley Fool owns shares of and recommends Roku and Shopify. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policyJose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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Stocks Mentioned

Roku Stock Quote
$56.08 (-0.76%) $0.43
Shopify Stock Quote
$36.79 (0.05%) $0.02
DraftKings Inc. Stock Quote
DraftKings Inc.
$15.14 (-1.30%) $0.20
Entain Stock Quote
$1,406.50 (-0.14%) $-2.00
Paysafe Limited Stock Quote
Paysafe Limited
$1.43 (5.15%) $0.07

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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