Today's video focuses on the following four stocks I am keeping my eye on this week: Roku (ROKU 1.91%), Meta Platforms (META 1.54%) (formerly known as Facebook), Alphabet (GOOGL 0.35%) (GOOG 0.37%), and Roblox (RBLX -2.25%). I discuss fundamentals, recent price action, and potential bullish cases for each stock. Here are some highlights from the video.
- Stock prices have fallen dramatically from all-time highs for many of these names. Roku is down over 60%, Roblox is down over 30%, Meta Platforms is down over 14%, even the giant Alphabet is down over 7%. At the same time, these four companies have seen strong growth in revenue and are positive in cash flow from operations with healthy balance sheets.
- On Jan. 3, Roku announced that for the second year in a row, the Roku operating system (OS) was the No. 1 smart TV OS sold in the USA. It also announced a partnership with Sharp to bring more TV models to customers in the US.
- Alphabet continues to grow its revenue at impressive levels regardless of being a giant already. In its most recent quarter, ending Sep. 30, the company reported 41% year-over-year revenue growth driven by its advertising segment. Investors should keep an eye on two segments: its YouTube ads and Google Cloud. Google Cloud is currently not profitable, but margins are improving over time.
Click the video below for my full thoughts and analysis.
*Stock prices used were the midday prices of Jan. 10, 2022. The video was published on Jan. 10, 2022.
