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Out Fox The $treet: July 2, 2018

Stocks to watch on Monday:

Chipotle Mexican Grill (CMG) - watch for downside risk as the new CEO really doesn't have a big plan other than switching the HQ to the beach. Watch for higher costs to hit the bottom line. Chipotle is far too expensive for a company facing a big disruption. 

Fitbit (FIT) - a solid buy now around $6.50 as the Versa smartwatch and the Citron call likely boosts the new lows from the $5 level. Watch for Q2 numbers to smash analyst estimates. 

Walgreens Boots (WBA) - retail pharmacy stocks got whacked last week on the Amazon (AMZN) purchase of PillPack. Walgreens is far too cheap now buoyed by a stock repurchase plan that could reduce the share count by 17%. Use the fears to own this sector. 

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Disclosure: No position mentioned