1/4/2023 0 Comments Paypal logo small![]() In fact, last quarter, its orders surged 26% year-over-year, while its profit mushroomed to $1.15 billion from $176 million a year earlier. But Aviation, historically the company’s most profitable business, is indeed, as I’ve predicted for some time, beginning to grow rapidly. Most people probably don’t view this conglomerate as a growth stock. General Electric (GE) sign on a GE factory in Fort Wayne, Indiana. #PAYPAL LOGO SMALL TV#That’s a very low valuation, given Roku’s rapid growth and its status as the leader of the connected Tv market. Roku’s trailing price-sales ratio is just 4.3. Such deals will, of course, greatly lift Roku’s financial results and ROKU stock over the long-term. That proportion is poised to keep growing going forward, as more and more viewers “cut the cord.”Īnd as I noted in a previous column, Roku’s alliance with Walmart, announced in June, indicates that a sizeable proportion of America’s largest retailers are poised to make major deals with Roku. Indeed, in June, streaming accounted for a record 33% of overall TV viewing. Roku’s status as the clear leader of the rapidly growing connected TV-and-streaming space makes it a “must have” for many advertisers. I mean that both Roku and Alphabet are the giants of their sectors, while Snap is far from being the leader in the social media space. But Roku has something in common with Alphabet, and it’s an attribute that Snap does not possess. Like Alphabet, Roku (NASDAQ: ROKU) stock has tumbled in sympathy with Snap’s poor Q2 results. ROKU Stock Will Continue Benefitting From the TCL Partnership In fact, in June, Waymo made a deal to deliver Wayfair’s (NYSE: W) products in the framework of a “pilot” program. That’s because Google has a monopoly on online search ads and interfaces with so many consumers who are ready to pull the trigger on purchases.Īdditionally, the long-term holders of GOOG stock should benefit a great deal from the company’s Waymo unit, which continues to make progress in the autonomous driving sector. No other advertising platform is more than a “must have” than Alphabet. But the larger platforms are “must haves” that many consumer discretionary firms use to directly sell their products. Specifically, Snap is a “nice-to-be-on” ad platform for marketers who want to connect with and promote their brands among young people. (GOOG, GOOGL) and Google logos seen displayed on a smartphoneĪlphabet (NASDAQ: GOOG,NASDAQ: GOOGL) stock is near its 52-week low, likely due to the worries created by Snap’s poor Q2 results.īut, as I indicated in my introduction, there’s a big difference between Snap and some of its larger peers. #PAYPAL LOGO SMALL FREE#Moreover, I remain upbeat on the conglomerate’s strategy of making Amazon Prime more attractive by streaming NFL games, providing free GrubHub memberships, and speeding up shipping times.Īnd I continue to believe that, under CEO Andy Jassy’s leadership, the company’s forays into new sectors will be much more impactful than they were during the last decade of Jeff Bezos’ tenure. But, as I’ve pointed out previously, the phenomenon won’t last forever, and buying AMZN stock on weakness ahead of a likely return to normalcy makes a lot of sense. The e-commerce business is definitely being hurt by the goods-to-services/experiences switch. Therefore, I expect Amazon’s cloud unit to continue to grow rapidly for the foreseeable future. The relatively (versus expectations) positive earnings reports posted by IBM (NYSE: IBM), General Electric (NYSE: GE), and cybersecurity company F5 (NASDAQ: FFIV) are all indicative of that trend. So far, during the current earnings season, there have been numerous indications that Amazon’s (NASDAQ: AMZN) corporate spending remains very strong. The Palo Alto location hosts A9 Search, Amazon Web Services, and Amazon Game Studios teams. ![]() Closeup of the Amazon logo at Amazon campus in Palo Alto, California. ![]()
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