I’m sure everyone will agree with the fact that 2020 was the year of streaming videos…
Just look at names like Netflix and Roku. These stocks were up 50% and 138%, respectively during the past year thanks to the COVID-19 pandemic.
Isolated from their normal social activities, 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 WealthPress Head Trader Roger Scott has his eye on another related sector that follows a similar growth trajectory, but doesn’t have nearly the competition that video streaming services do.
We’re talking about digital music stocks…
The Digital Music Stocks You’ll Want to Pay Attention to in 2021
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 Roger prepared a short list of digital music stocks that are worth taking a look at. Both of these tickers are already on the move, and he thinks we’ll see even further growth into 2021.
The first digital music stock he discusses 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 the list, then tune into this video and be sure to leave a comment with your thoughts in the section below.
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