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Out Fox The $treet: August 11, 2017

Stocks to watch on Friday:

Snap (SNAP) - another ugly quarter. User growth continues to stall while expenses expand. Even after the 16% loss in after hours, Snap has a market cap of around $16 billion. Avoid!

LendingClub (LC) - the dip below $6 is another buying opportunity. The stock still trades above the 200ema and is an extreme bargain at this EV after returning back to growth. 

Twitter (TWTR) - the social media stock appears headed to close the gap around $15. Assuming this happens due in part to the weakness from Snap, the stock is another big bargain as the EV dips far below $10 billion. 

Synergy Pharma (SGYP) - the market didn't like the discussion of exploring financing options while the issue with Express Scripts (ESRX) doesn't appear as troubling as originally thought. The biotech ended Q2 with $82 million in cash after using $57.3 million during Q2. Look for an opportunity after financing occurs. 

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Disclosure: Long LC, TWTR