5 Streaming Stocks to Keep an Eye on in 2021
Author: James Clark
The Fastest-Growing Streaming Stocks in 2021
Our media diet and habits have changed since COVID-19. From broadcasting to film and television in the form of theaters and cable TV, we have moved on to streaming services that have overturned the industry. As a result, streaming stocks are surging in demand and traditional companies are slowly making their way into the clouds to keep up.
With the pandemic still looming, streaming services are only growing. The Biden administration recently unveiled a $1.9 trillion COVID-19 stimulus package, incentivizing people to stay at home. Given all of this, stock traders are turning their heads towards streaming stocks and pouncing on the opportunity.
The 5 Fastest-Growing Streaming Stocks to Keep an Eye on
Without further ado, let’s check out the 5 fastest-growing streaming stocks in 2021:
1. Netflix (NFLX)
Cable TV costs about $120 to $150 on average per month. Netflix only costs $14 per month. Even if you add broadband costs to it, Netflix is still a bargain. In 2021, its stock is worth more than any cable giant like AT&T and Comcast. Since the pandemic, Netflix’s stock has grown more than 47 percent, and its closest competitor at the moment is Disney+.
2. Apple (AAPL)
Most people have embraced Netflix, Disney+, and Amazon Prime. However, this doesn’t mean that newer entrants into the market will be far behind, especially when the new entrant is Apple. With a net worth nearly 10 times Disney’s and 20 times Netflix’s, AppleTV is slowly climbing the market.
Even though it’s not a serious threat now, considering the money Apple has, it can easily lure the biggest stars and outbid anyone for talent. With the lowest monthly price in the market ($5), it’s seriously knocking on customers’ doors.
3. Amazon (AMZN)
Amazon Prime is streaming some amazing movies and shows in 2021, but that’s not all. If you know anything about Amazon, you don’t need too many reasons to convince you into investing in its streaming stock to diversify your portfolio. Plus, Amazon is considering investing $7 billion on content in 2021 to take advantage of people’s content watching habits during the pandemic.
4. YouTube (GOOGL, GOOG)
The world’s most popular online video-sharing platform YouTube is used by people all around the world for entertainment and education. According to Alphabet, the parent company of Google and YouTube, the video platforms bring in nearly 20 percent of all revenue. If you’re planning to invest in this streaming stock, you have to invest in Alphabet stock.
5. Disney+ (DIS)
There is no better time to invest in the Walt Disney Company than now with movies going straight to streaming platforms. With the likes of The Mandalorian and Marvel’s Phase 4 shows coming to the streaming service, Disney+ might as well take the throne in 2021. With theaters unable to fully operate, for now, some of the most anticipated movies of 2021 might also drop on the platform.
There’s no denying that streaming services were already on the rise even before COVID-19. However, the pandemic only accelerated their growth which led to a surge in streaming stock demand. We’re still far away from post-pandemic times. So, if you’re looking to diversify your trading portfolio, get your hands on some stream stocks right now.
For more information on the stock market and trending industrial practices, we recommend subscribing to the PT Premium Service in the Proficient Trader App