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Out Fox The $treet: June 28, 2018

Stocks to watch on Thursday:

CVS Health (CVS) - the pharmacy chain is down 9% due to Amazon (AMZN) entering the space with the purchase of PillPack. The company is focused on U.S. customers that take multiple daily prescriptions. The stock traded this low due Amazon fears and this fall is a double hit. More research: CVS Health: Surviving Amazon 

Chipotle Mexican Grill (CMG) - the strategic initiative of the new CEO are the same ones that the old CEO implemented more than a year ago. The only real difference is the new CEO fired most of the HQ employees. The stock is far too expensive even on this dip to $415. 

Yelp (YELP) - with the market weakness, this stock is now down to only $38. The stock is at a double bottom and very few options exist to own a local ad play growing at 20% at a valuation less than 3x sales. 

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Disclosure: Long YELP