Mark Holder
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Mark Holder in Out Fox The $treet,

Out Fox The $treet: May 12, 2017

Stocks to watch on Friday:

Yelp (YELP) - stock rallied 3% on Thursday as Citi came to the rescue following the collapse on Wednesday. As mentioned here, the consumer review site was just too cheap to ignore at 2x EV/Sales and remains that way at $29. 

Novavax (NVAX) - the trading around the small biotech has turned more bullish following the Q1 report and confirmation of a solid cash position. Regardless, the stock trades below $1 for a reason that typically isn't a good one. 

Himax Tech (HIMX) - as previously predicted, the stock headed to $6.50 before the jump today. As well, the market attempted to rally the stock following a rather weak quarterly report where Himax missed estimates by $0.02. With the way the stock ended the day trading nearly a $1 off the highs, investors might just get another opportunity to own Himax back in the $6s. 

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Disclosure: Long YELP