Takeaway: We are removing ROKU from the long side of Investing Ideas today.

 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).