ROKU: We Are Removing Roku from Investing Ideas

10/09/19 12:01PM EDT

A quick note from Hedgeye CEO Keith McCullough:

With the stock +8% today and signaling immediate-term TRADE #overbought, I think the prudent move is to book some gains. My macro market view is that we’re not out of the woods yet in terms of pricing in #Quad4 in Q3. Let’s get through #EarningSlowing before we get long HIGH BETA momentum again!

***No change to Communications analyst Andrew Freedman's fundamental long thesis on Roku (ROKU).

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