Stocks to watch on Thursday: Fitbit (FIT) - the #2 smartwatch maker has soared to $6 on the backs of solid Q3 earnings. The stock remains absurdly cheap at this level. The market cap is only $1.45 billion with sales targeted to top $1.5 billion now while the company has a cash balance in excess of $600 million. Chipotle Mexican Grill (CMG) - remains one stock to sell on this 3-day market rip. The company shouldn't trade at $475 with normalized earnings of only $12 in 2019. Chipotle doesn't justify such a high multiple with limited growth. Facebook (FB) - holding $150 is crucial, but the stock trading down on a market rally today is a negative signal. Despite the big Q3 beat, 2019 estimates need to fall. More research: Facebook: Not Clear Yet Click on the Sign in/Sign up button in the top right corner to join for free to comment on your stock moves for tomorrow. Click on the Follow button to get daily blog posts from Out Fox The $treet. Disclosure: Long FIT