Let's unpack how recent revenue results and global market trends help solidify Roku as a strong investment opportunity.
The year 2023 is set to end on an impressive note for the U.S. stock market -- a remarkable turnaround from the disastrous performance in 2022. With inflation cooling down at a faster-than-expected pace, many analysts expect the Federal Reserve to stop the interest rate hikes. While there is no certain timeline for the initiation of interest rate cuts, Blackrock expects these to start in the second half of 2024.
Several stocks soared in November on increasing signs that the Federal Reserve could be done raising interest rates as well as rising speculation that rates could even start coming down in the first half of 2024. In December, investors will be closely watching the Federal Reserve's rate decision and the employment report for more signs as to where the economy and stock market are headed. While no one knows for sure when interest rates will come down, they are likely to fall in the next few years, as even the Fed expects the federal funds rate to come down to 2.5% from its current level of 5.25%-5.5%.