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Out Fox The $treet: May 4, 2018

Stocks to watch on Friday:

Spotify ($SPOT) - a cheap streaming service trading at 4x revenues. The company continues moving into exclusive content deals and non-music services that will grow the TAM far beyond the existing music industry. 

Glu Mobile ($GLUU) - topped $5 and is still cheap based on bookings growth. Don't get fooled into thinking Glu Mobile is expensive just because of the big rally. 

Fitbit ($FIT) - the activity tracker stock is where Glu Mobile was in the prior years. Fitbit is struggling, but investors buying the weakness could eventually see a nice payoff as the company slowly shifts to more predictable subscription services. 

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Disclosure: Long GLUU