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Out Fox The $treet: June 19, 2018

Stocks to watch on Tuesday:

Snap (SNAP) - the stock turned south right after closing the gap at $14. Snap still needs to prove the company can operate a financially responsible business while struggling to sign up new users. Until the social messaging service can reduce the cash burn closer to breakeven, the stock remains a short. 

Fitbit (FIt) - the dip to $7 provides another opportunity to catch the cheap stock. The Citron Research $15 call has elevated the trading level from the previous $5s. The fitness tracking turned smartwatch maker is an extremely cheap stock with an EV/S multiple below 1x. 

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Disclosure: No positions mentioned. 

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