Shares of Roku (NASDAQ: ROKU) and Peloton Interactive (NASDAQ: PTON) soared to record highs in 2021. The pandemic generated strong tailwinds for both companies as cooped-up consumers streamed more videos on Roku's devices and exercised more frequently on Peloton's connected bikes. The subsequent buying frenzy in growth stocks -- which was amplified by the rise of commission-free trades, feverish discussions on Reddit, and stimulus checks -- boosted both stocks to bubbly valuations. Read More...
Shares of Roku (NASDAQ: ROKU) and Peloton Interactive (NASDAQ: PTON) soared to record highs in 2021. The pandemic generated strong tailwinds for both companies as cooped-up consumers streamed more videos on Roku’s devices and exercised more frequently on Peloton’s connected bikes. The subsequent buying frenzy in growth stocks — which was amplified by the rise of commission-free trades, feverish discussions on Reddit, and stimulus checks — boosted both stocks to bubbly valuations.
