I’m sure everyone will agree with the fact that 2020 was the year of streaming videos…
I mean just look at names like Netflix Inc (Nasdaq: NFLX) and Roku Inc (Nasdaq: ROKU). These stocks were up 50% and 138%, respectively during the past year thanks to the COVID-19 pandemic.
Isolated from social norms, people around the world have spent record time entertaining themselves with dozens of video streaming channels. While I do believe streaming videos will continue to increase, the sector is becoming a bit crowded.
That’s why I have my eye on another related sector that follows a similar growth trajectory, but doesn’t have nearly the competition that video streaming services do.
I’m talking about digital music stocks…
One of the best things about digital music stocks is the fact that they can easily adapt to major changes in technology.
Over the past three decades, we’ve gone from listening to music on cassettes to disks to mp3 players to smartphones and finally streaming services. As you can clearly tell, people aren’t going to stop listening to music anytime soon.
That’s why I’ve prepared a short list of digital music stocks that I think are worth taking a look at. Both of these tickers are already on the move, and I think we’ll see even further growth into 2021.
The first digital music stock I want to tell you about is following in the footsteps of Netflix. The company has realized that the key to true success (and explosive growth) is original, exclusive content.
No longer is the company focused on having the biggest music library. That’s simply not where the money is.
The “big bucks” are in original contracts with stars like Joe Rogan and Kim Kardashian, who both have deals with this streaming giant.
If you’d like to reveal the ticker of this digital music stock and the next one on my list, then tune into today’s video and be sure to leave a comment with your thoughts in the section below.
Also, don’t forget to subscribe to my YouTube channel and like the video.
P.S. The stock market can be unpredictable… especially given today’s social and political climate.
That’s why you need a trading strategy that will net you consistent returns year after year — no matter what life throws your way.
That’s where Trophy Trades can help. This stress-free trading strategy allows you to capture more gains when a stock rallies without leaving large profits on the table.
And it works even in the most turbulent of markets.