Why Media-Streaming Stocks Stole the Show on Friday
Media-streaming stocks soared on Friday, inspired by Netflix (NASDAQ: NFLX) and its impressive fourth-quarter earnings report.
Netflix paved the way for the streaming industry's outperformance today with a peak gain of 8.9%. Live sports specialist fuboTV (NYSE: FUBO) jumped even higher, topping out at 10.7%. Streaming technology expert Roku (NASDAQ: ROKU) rose as much as 4.8% before backing down to a 2.8% increase by 2 p.m. ET, while Amazon (NASDAQ: AMZN) is on an upward trend at the time of writing with a 3% gain so far.
Other media stocks with streaming ambitions posted smaller gains in the 3% to 4% range.
Source Fool.com
