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Out Fox The $treet: August 8, 2018

Stocks to watch on Wednesday:

LendingClub (LC) - another quarter of strong growth was followed by more confusing charges. At this point, the company probably needs a new executive to tell the fintechs story. Wall Street just doesn't understand the bargain here. Buy this 10% dip, yet again. 

Camping World (CWH) - the RV business run my Marcus Lemonis continues to struggle with aggressive expansion into the outdoor space. The company reported record numbers so the 10% dip is another opportunity to own this quality stock in the process of consolidating the RV and outdoor space. A purchase under $20 is more a long-term position with the inevitable RV sales peak likely hitting in the next few years. The stock will be volatile so the goal is to own a full position over the course of a few years when the next cycle starts. 

Tesla (TSLA) - DO NOT SHORT. When Elon Musk has a plan, he tends to execute them. His plan to take the company private at $420 shouldn't be argued with at this point. 

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Disclosure: Long LC

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