"Despite a strong earnings beat, Roku stock plunges. I'm still long on this stock. Here are some reasons why: connected TV advertising, vendor agnostic, pay TV attrition, and OTT subscription fatigue"
Roku’s earnings report for Q3 is scheduled on a potentially volatile trading day depending on how the broader markets react to the mid-term elections. The uncertainty around this outcome, along with rising rates, geopolitical trade uncertainty, and a host of companies tempering their Q4 outlook has caused a style rotation, which has pummeled tech stocks
Submitted November 08, 2018 at 07:08AM by techpreneur_13