Over the last several years, cutting the cord with cable providers has become trendy as people flock to streaming services. Ark Invest CEO Cathie Wood, who is known for her lofty forecasts in emerging tech, is betting big on a budding streaming platform called Roku (NASDAQ: ROKU). According to Wood's analysis, Roku stock could reach $1,500 by 2026 -- implying 1,340% upside from current trading levels.
Walmart’s 23-episode holiday rom-com series “Add to Heart” features more than 330 products consumers can buy while watching. We explain how this plays into the company’s larger strategy for shoppable content. Photo illustration: Ryan Trefes
2022 was a dismal year for some investors, with several growth stocks getting battered left, right, and center. With a better-than-expected real gross domestic product (GDP) growth rate and cooling inflation in the third quarter, many growth stocks are seeing a strong recovery in share prices. In such an environment, it makes sense for investors to consider picking up shares in growth stocks that are riding solid secular trends such as streaming, robotics, and artificial intelligence (AI).