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Mark Holder

Out Fox The $treet: October 16, 2017

Stocks to watch this week:

Tesla (TSLA) - news of firing 400-700 factory employees working on the Model 3 sure isn't a solution to improve production in the short term. Expect Tesla to further miss production goals. 

Chipotle Mexican Grill (CMG) - had hoped the restaurant concept would dip to $250.  The stock has no value above the current $325 level, but the trading action suggests the market will stay irrational. 

Under Armour (UA)(UAA) - reaction to news that Amazon (AMZN) is entering the athletic apparel segment is crucial to signaling the formation of a bottom. Under Armour customers aren't going to buy athletic apparel from a commodity brand like Amazon, but the key is how the stock reacts. UAA traded $0.17 from the lows on Friday. 

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Disclosure: Long UA