Is Roku the New Netflix?
The top video-streaming operating system and the world's largest premium streaming service appear to be passing ships. Roku (NASDAQ: ROKU) stock has more than quadrupled in 2019 and is clearly the market's hottest stock this year. Netflix (NASDAQ: NFLX), on the other hand, has seen better days. The former market darling is still trading modestly higher this year but is falling sharply for the second consecutive month.
There was a time when it seemed that Roku was riding Netflix's coattails. What was good for Netflix was good for Roku, and there's a fair amount of truth to that. Netflix launched the cord-cutting revolution with Roku as a major beneficiary.
However, we're now seeing that what's bad for Netflix is also good for Roku. Welcome to the new normal, where the coattail hopper is now the one donning the coat.
Source Fool.com
