Because of the potential to achieve strong returns, it makes sense that investors want to find companies benefiting from secular trends. Roku (ROKU 3.82%) fits the bill, but long-term shareholders haven't been rewarded.
When considering one's likely investment goals, a $3,000 investing budget may seem modest. Still, entrepreneurs have founded multibillion-dollar companies on less capital, and if one doubles $3,000 just nine times, that money could grow to over $1 million.
Despite their heightened volatility, shares of Roku (ROKU 3.33%) are providing a boost for investor portfolios. In the past 12 months, they've soared 55% (as of Aug. 14).
At first glance, media-streaming technology stock Roku (ROKU 3.33%) looks incredibly expensive. Shares are changing hands at 100 times forward earnings estimates, and the company isn't even profitable on the bottom line today.
The current tech-fueled bull market continues to draw attention on Wall Street. All the major indices have hit new highs recently, but most of the focus among investors is concentrated on companies benefiting from artificial intelligence.
Stock price pullbacks in leading companies offer a great opportunity for long-term investors to scoop up their stocks at a discount, further compounding their growth potential. A $1,000 buy-in can be a great starting point to take an initial position.
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