71 71 correctly predicted forecasts
Send me real-time posts from this site at my email

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. 

Click on the Sign in/Sign up button in the top right corner to join for free to comment on your stock moves for tomorrow. 

Click on the Follow button to get daily blog posts from Out Fox The $treet.

Disclosure: No positions mentioned.