Roku's (NASDAQ: ROKU) stock soared nearly 150% in 2020 as it sold more streaming devices and ads on its software platform during the pandemic. First, Roku's growth decelerated as COVID-19 restrictions were relaxed and more businesses reopened. Second, supply chain challenges throttled its shipments of new players and crushed the hardware segment's gross margins. Back in April, Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google removed its YouTube TV app from Roku's platform after its carriage deal expired. Read More...
Motley Fool
Buy These 2 Growth Stocks on the Dip
If you’re looking for a company with the potential to grow, in a market with a bright future, investing in growth stocks can be extremely rewarding. Two growth stocks that offer investors a great opportunity to buy on a recent dip include a leader in the rapidly evolving electric vehicle market, Chargepoint Holdings (NYSE: CHPT), and world-class media and entertainment giant Walt Disney (NYSE: DIS). Serving over 5,000 customers worldwide and 76% of Fortune 50 companies, Chargepoint provides over 118,000 charging stations in North America and Europe, giving it a 70% market share in level 2 charging — more than 7x that of its closest North American competitor.
