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.

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 CrisisExplore: 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.

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.

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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.

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