Release

Today’s Research Reports on Stocks to Watch: Alphabet Inc. and Roku

Alphabet Inc. shares closed up a little over 1% yesterday on a couple of pieces of big new. A California judge has rejected a class action claim against Google that said it was engaged in gender inequality. The company also said it would be stopping Amazon devices from being able to use YouTube starting next year. Roku shares exploded on Wednesday after seeing losses earlier in the week.   

RDI Initiates Coverage on:

Alphabet Inc.
https://rdinvesting.com/news/?ticker=GOOG

Roku, Inc.
https://rdinvesting.com/news/?ticker=ROKU

Alphabet Inc. shares closed up 1.29% on Wednesday with about 1.4 million shares traded. There were several developments yesterday for the company. A California judge rejected a class action claim against Google alleging that the company "engaged in systemic and pervasive pay and promotion discrimination." A Google spokeswoman said, "As we said before, we work really hard to create a great workplace for everyone, and to give everyone the chance to thrive here. If we ever see individual discrepancies or problems, we work to fix them." Google also announced that it was planning on stopping Amazon’s Fire TV streaming devices from using YouTube from the start of next year. The company said, "We’ve been trying to reach agreement with Amazon to give consumers access to each other’s products and services," Google said in a statement. But Amazon doesn’t carry Google products like Chromecast and Google Home, doesn’t make Prime Video available for Google Cast users, and last month stopped selling some of Nest’s latest products. Given this lack of reciprocity, we are no longer supporting YouTube on Echo Show and FireTV. We hope we can reach an agreement to resolve these issues soon."

Access RDI’s Alphabet Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GOOG

Roku, Inc. shares closed up 12.19% on Wednesday, gaining back the losses it saw on Tuesday. Shares soared as much as 115% in November alone. It was last month that a Needham analyst, Laura Martin, rated Roku as a "buy" and gave the stock an increased price target from $28 to $50. She wrote in a note to clients, "Like Netflix (NFLX), we view ROKU as a pure-play on over-the-top (OTT) TV-viewing growth, but ROKU has no content risk. Recent announcements and press reports that DIS, GOOG, AMZN, etc. are launching new OTT services helps ROKU but hurts NFLX." Martin is expecting the company to hit break-even in EBITDA in Q3 2018. This would be a quarter earlier than expected.

Access RDI’s Roku, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ROKU

Our Actionable Research on Alphabet Inc. (NASDAQ: GOOG) and Roku, Inc. (NASDAQ: ROKU) can be downloaded free of charge at Research Driven Investing.

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