3 Stocks Kicking Off 2021 With Good News
We're just three weeks into the new year, but we're already seeing some stocks starting 2021 on the right foot. This week, it's Netflix (NASDAQ: NFLX), opening higher on Wednesday after posting
The leading premium streaming service isn't alone. Earlier this month, we saw Tanger Factory Outlet Centers (NYSE: SKT) and fuboTV (NYSE: FUBO) also break out of slumps by painting a brighter portrait of how 2021 will play out. Let's go over these three stocks that are kicking off the new year with welcome news.
Netflix
We're spending gobs of time at home. Streaming video has been an obvious beneficiary, and Netflix is the top dog in this booming niche. Netflix saw its popularity surge in the first half of 2020, adding 25.9 million to its growing audience of paid subscribers worldwide. In six months, it almost had as many net additions as the 28 million it tacked on for all of 2019.
Subscriber growth slowed in the second half of the year, but that was
The news gets even better. After five quarters of decelerating year-over-year revenue growth, it sees the top line accelerating. Its profit target is also well ahead of where analysts are perched. With Netflix now confident that it can get through its day-to-day operations without needing external financing, the market leader will continue to crank out more content than anyone on the planet with money to spare for stock buybacks for the first time in a decade.
Tanger Factory Outlet Centers
The operator of 38 factory-outlet shopping centers had a challenging 2020 with its temporarily shuttered storefronts and some of its tenants going under. It also suspended its payouts in the springtime of last year. As a real estate investment trust (
Tanger Factory Outlet Centers declared a
FuboTV
Streaming services including Netflix are helping entertain folks, but where do cord-cutters turn to for live sports, broadcast news, and major networks? Live-TV streaming services are filling the void as costly but flexible platforms, and fuboTV has tried to set itself apart from YouTube TV and Sling TV by emphasizing live sports. It offers roughly 40 sports channels among its more than 100 live networks.
FuboTV has attracted a pair of naysayers, and one of them -- Kerrisdale Capital, which is short the stock with a $10 price target -- pointed to third-party data showing that sign-up momentum slowed in the final two months of 2020. FuboTV boosted its subscriber guidance twice as the quarter played out; was it setting investors up for a fall?
Kerrisdale Capital may want to get its money back from the third-party data source it failed to attribute. FuboTV recently announced that it closed out 2020 with
There's still naturally a long way to go before this new year comes to a close. Netflix, Tanger Factory Outlet Centers, and fuboTV are doing a good job of starting 2021 on a winning note.
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