Roku Stock Breaks Out On Post-Earnings-Report Fervor
Shares of streaming video specialist Roku (ROKU) roared higher on Friday as investors continued to respond positively to the company’s upbeat third-quarter earnings report.
Roku shares soared another 13.9% to close at 33.25 on the stock market today. Intraday, the stock hit a record high of 36.65. On Thursday, Roku rocketed 55% to 29.19. Roku broke out of an IPO base with a buy point of 29.90 in heavy trading. The company went public on Sept. 28 at $14 a share. It notched its previous record high of 29.80 on its second day of trading.
Can Roku Stock Keep Going After Last Week’s 70% Pop?
You only get one chance to make a first impression, and it’s safe to say that Roku (NASDAQ:ROKU) nailed its first financial report as a public company. Shares of the streaming-video player pioneer soared 70.1% last week after the company produced blowout third-quarter results.
Revenue rose a better-than-expected 40% for the quarter to $124.8 million, as a 4% increase in hardware was more than offset by a 137% explosion in high-margin platform revenue.
Roku Founder: It’s a Great Time to Be In the Streaming Business
Roku founder Anthony Wood is in large part to credit for the streaming movement sweeping across the world. Here is what’s on his mind months after a sizzling IPO.
Today's Trading Lesson
Ready to enter BITCOIN Mania?
I can’t tell you the amount of traders asking about trading BITCOIN the last 12 months, especially the last 6. I have emphatically told them all not to do it. Most are friends that know I coach and mentor traders.
Which means the most of them are inexperienced.
A raging bull market is exciting, and tempting, if you can handle the downside. Most investors have been handed a gift the last 12 months. Many are up of 20%. Be happy and trail your profits.
The chart below shows why I am telling all of these well-meaning people not to “trade” BITCOIN. a 30% decline in 4 days (including 2 days of the weekend)
Don’t mess with your retirement account and borrow to trade BITCOIN. Don’t put “F-U” money into BITCOIN. Why would you guess on a security with so much doubt?
Yes it’s exciting. But is the reward worth the risk? Maybe if you’re a professional.
If you don’t trade for a living, stay away until the crypto market becomes something more substantial than the wild west.
Conservative? Yes. Smart for most investors? Definitely.
Today's Trade of the Day | 11-13-17
QCOM-Qualcomm Inc has consolidated the recent momentum explosion and traded into an inside day on Friday. Game planning a $65 buy stop for a new entry long. Looking for $72 as the initial target with a stop loss on a close below $64.
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S&P 500 Heatmap
Stocks to Trade | Monday Edition 11-13-17
Bullish Momentum: ROKU, SRPT, SHOP, LB, DG, WBA, FSLR, KSS, HOG, MU, TGT, FSLR, STX
Bearish Momentum: ati, cah, evhc, yndx, nwl, htz, momo, car
Bullish Order Flow: JUNO, NVDA, SRPT, LB, DG, FSLR, CRM, COST, MAR, CAT, DE, DLTR, BABA, EL, MA, QCOM, ADBE, EOG, CCI, AVGO, AMZN, AAPL
Bearish Order Flow: evhc, mnk, celg, trip, expe, agn, tsla, cah, twx, aap, cvs
Double Normal Volume: ROKU, NVDA, TWX, HTZ, SQ, DIS, CAH, JWN, ATI, MNK, HOG
Inside Days: aapl. msft,wfc, fb, xom, ebay, jnpr, jwn, celg, wmb, pypl, ms, cvx, sti, aig, v, cf, ctrp, stx, axp, momo, aal, kbh, adbe, avgo, lvs, ma, ba, ntap, bidu
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