A new bull market is on the horizon, and investors have two phenomenal growth stocks to consider: Shopify ($SHOP) and Roku ($ROKU). These two companies are in a prime position to benefit from the quickly expanding markets of e-commerce and connected TV advertising.
Shopify provides an all-inclusive platform for entrepreneurs looking to start their online businesses. They offer a wide variety of services, including website hosting, payment processing, marketing tools, customer support systems, shipping solutions, and more. With over 1 million merchants now using its platform worldwide – up from 600k just one year ago – Shopify’s revenue continues to skyrocket as it captures a larger share of this rapidly growing industry.
Roku has become one of the leading providers of streaming devices that allow users to access content through internet-connected televisions (connected TV). It also offers an ad-supported streaming service called The Roku Channel, which boasts millions of viewers every month across all platforms. This puts them in a prime position as advertisers continue shifting budgets away from traditional television towards digital channels like Connected TV where they can target specific audiences with greater accuracy than ever before.
Both Shopify and Roku have established strong competitive positions within their respective industries making them ideal investments for long-term growth potential at this early stage in the next bull market cycle.
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