Roku Stock Is the Amazon of Streaming Video
Amazon.com (NASDAQ: AMZN) is a market darling and the country's third most valuable publicly traded company, but it wasn't always a love fest for the leading online retailer. There was a time when Amazon's growing dominance in an ascending niche was misunderstood. Bears pointing to the red ink ignored the growth, underestimating how having the pole position in a hot trend can open new doors.
Roku (NASDAQ: ROKU) has a lot in common with Amazon during the years following the dot-com bubble. Roku was one of last year's biggest winners, but with the shares trading 30% below their all-time high last summer, it's fair to say that the bullish argument is being discounted right now. Investors have underestimated Roku for the past five months. If history taught us anything with Amazon, it's that you never count out the top dog in a booming industry.
Image source: Roku.
Source Fool.com
