Investors Should Look Out for This Terrible Trend From a Cathie Wood Stock

By Parkev Tatevosian, CFA – Sep 10, 2022 at 8:00AM

NASDAQ: ROKU

Roku

Market Cap

$8B

Today's Change

(3.75%) $2.12

Current Price

$58.47

Price as of April 29, 2024, 3:58 p.m. ET

This top-three holding in her portfolio is struggling due to headwinds from the economic reopening.

This stock is one of famous portfolio manager Cathie Wood's favorites. Roku's (ROKU 3.75%) sales and customer growth surged when in-home entertainment was in high demand. In this video, I will discuss why the reversal of that trend is causing Roku trouble.

Stock prices used were the afternoon prices of Sept. 9, 2022. The video was published on Sept. 9, 2022.

Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Roku. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.