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Jim Cramer: Roku Is 'Fabulous'

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Jim Cramer has been hitting on cord-cutting this week, and Roku  (ROKU) - Get Roku, Inc. Class A Report is one of the biggest names in this space.

"Now that we've seen some light at the end of the COVID-19 tunnel, investors were quick to dump their biggest COVID winners. But Cramer told viewers that some COVID trends are here to stay, and the cord-cutting movement is one of them," wrote TheStreet's Scott Rutt in his Mad Money recap on Monday, Nov. 9. "Once you've dumped cable TV in favor of streaming, you're not going back, Cramer said. This is a powerful, long-term trend that is with us to stay. Just look at the earnings from Roku, which delivered a 73% rise in sales this quarter that resulted in a nine cents a share in earnings when analysts were expecting a 42 cents-a-share loss."

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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