2 Analysts On Why Disney, Roku Are Streaming Stock Alternatives To Netflix

2 Analysts On Why Disney, Roku Are Streaming Stock Alternatives To Netflix

Photo courtesy of Disney. 

Netflix, Inc. NFLX, which reported second-quarter earnings Thursday, is not the only streaming company attracting investors’ attention.

Walt Disney Company DIS and Roku, Inc. ROKU are strong contenders, Gina Sanchez, CEO of Chantico Global, and Craig Johnson, the chief market technician at Piper Sandler, said during a CNBC “Trading Nation” segment.

The Streaming Ideas: Sanchez has a positive outlook on Disney+.

The platform has “extremely valuable” content that will “fall off all of the [other] platforms in September,” which will “drive significant growth here in the near term,” she told CNBC. 

Johnson shared his takes on Netflix and Roku.

“We’d definitely be a buyer [of Netflix],” the market technician said.

Despite the 7% dip following the second-quarter report, there will be a correction and a “longer uptrend,” Johnson said.

Johnson said he sees Roku as “another streaming stock that could be on the upswing.”

Roku “has reversed a longer term downward trending price channel. I like those kind of downtrend reversals. Something is clearly more positive there, and we’d also be a buyer of that stock here on that downtrend reversal,” he said. 

DIS, NFLX, ROKU Price Action: Disney shares ended Monday's session lower by 0.74% at $117.79.

Netflix shares gained 1.91% to $502.41.

Roku shares were up by 1.42% to $150.46. 

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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