Stocks to watch on Wednesday: Aurora Cannabis (ACB) - quarterly results failed to impress for a company with C$54 million in quarterly revenue and a market valuation over $8 billion. For a company expecting 10x growth, ASPs were low in a market that was supposedly under supplied. The company even had to cover the Canadian Excise tax being unable to pass it along to consumers. Avoid the stock unless it cracks $8 in a sign the momentum trade is back. Twilio (TWLO) - the stock is down 6% to $108 as the market comes to grips with revenue growth being cut in half in 2019 to only 35%. The momentum trade never ends well on fast growing stocks that see revenues decelerate at a fast clip. The stock needs to dip below $100 and likely a lot lower b/c a $15 billion market cap is far too aggressive for $1 billion in annual revenues. Freeport-McMoRan (FCX) - MS is bullish on the copper miner with the forecast that copper prices gain to $3.12/lb. In a copper deficit scenario, copper goes a lot higher and so does the stock. Freeport-McMoran heads back to $20 this year. Disclosure: Long FCX