Market Rally: Roku Rises, Amazon Hits ‘Buy Points’ as Stimulus Deal Looks Promising

Mandatory Credit: Photo by JUSTIN LANE/EPA-EFE/Shutterstock (10661383a)A billboard for the new streaming service HBO Max in New York, New York, USA, 27 May 2020.
JUSTIN LANE/EPA-EFE/Shutterstock / JUSTIN LANE/EPA-EFE/Shutterstock

Get set for another stock market rally today as Congress prepares to vote Friday or Saturday for a $900 billion coronavirus stimulus package, which includes a stimulus check of up to $600 or $700 per person.

Nasdaq closed at a record high, up more than 63 points on Wednesday, while the S&P 500 gained 6.55 points (0.18%). The Dow dropped slightly, losing 0.15%.

Several top stocks hit buy points, say the experts at Investor’s Business Daily. Keep an eye on these stocks today.

1. Twilio grows.

Experts at Stock News hail Twilio (NYSE: TWLO) as one of the “growth stocks to outperform in 2021.” Twilio provides cloud communications as a service, allowing software developers to make and receive phone calls, text messages and other communications via the company’s web service application programming interfaces. The stock jumped 5.86 points yesterday, up 1.70%. It started the year around $100 and has more than tripled.

See: 19 Areas to Invest In During a Financial Crisis
Explore: Where Top Tech Billionaires Donated for the 2020 Election

2. DISH Network drops.

Satellite TV and internet provider DISH Network Corporation (NASDAQ: DISH) fell sharply after an announcement that it plans to offer $2 billion in convertible notes intended to be used for general corporate purposes, according to a press release. Expenses will include 5G network build-out costs. The notes will only be sold to qualified institutional buyers. The stock lost 11.69% at close yesterday.

Save for Your Future
Sponsors of

3. Roku rises.

AT&T’s (NYSE: T) WarnerMedia unit reached a deal for Roku (NASDAQ: ROKU) to carry HBO Max, IBD reports, causing Roku stock to surge nearly 7% before the bell on Thursday. However, analysts say Roku has exceeded its buy point. AT&T dipped slightly yesterday, but it’s worth keeping an eye on.

See: How Sling TV Could Replace Your Cable Bill at a Fraction of the Cost
Explore: 27 Genius Things Retirees Should Do with Their Money Right Now

4. Big tech stocks hit buy points.

Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) both reached buy points Wednesday, according to Investor’s Business Daily, while Apple remains in buy range, too. Amazon surged yesterday, up 75.84 points, and gained almost 8 points before the bell Thursday. Microsoft had modest gains, up 5.15 points yesterday. Look forward to an active day on the market.

More From GOBankingRates

About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.

Market Rally: Roku Rises, Amazon Hits ‘Buy Points’ as Stimulus Deal Looks Promising
Close popup livericher_png

We're here to help you Live Richer.

Sign up to receive our daily weekday newsletter with the latest finance and lifestyle content.

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.