Summary: Roku, the streaming platform with the largest market share in North America, is poised for significant growth as the cable TV industry continues to decline and more viewers turn to streaming video, leading to an opportunity for investors to buy the stock at its current discounted valuation.
The S&P 500 is close to reaching a record high, signaling the upcoming arrival of a new U.S. bull market, and investors should consider buying stocks like Roku and Datadog that have strong growth potential.
Salesforce shares surged 6% in after-hours trading as the company exceeded Wall Street's expectations with strong quarterly results and increased guidance, driven by growth in all product categories and a focus on artificial intelligence.
Roku is cutting 10% of its workforce, removing certain content, and implementing other cost-cutting measures in an effort to control expenses and reduce operating expense growth.
Roku's shares rose 3% after announcing layoffs and office space consolidation, while Tesla, Apple, and AMC Entertainment experienced declines in midday trading.
The Nasdaq Composite has surged 33% this year, signaling the onset of a new bull market, and two growth stocks, Roku and MercadoLibre, present attractive investment opportunities due to their growth prospects and reasonable valuations.
