Mark Holder
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Mark Holder in Out Fox The $treet,

Out Fox The $treet: July 11, 2017

Stocks to watch on Tuesday:

Snap (SNAP) - though the stock only closed down $0.11 at $16.99, this was the first trades and close below $17. Snap appears headed for a rough ride as the stock approaches a massive lockup expiration at the end of the month. Expect a big dip to $15 and possibly lower before reaching bottom. 

Freeport-McMoRan (FCX) - as predicted last week, the copper miner appears set for a breakout. Unlike oil, copper remains priced for Freeport-McMoRan generate large amounts of FCF this year. The company is in a position to reinstate the dividend while some large oil majors need to cut dividends. 

Amazon (AMZN) - with Prime Day starting, just about any beaten down retailer is a buy. Peak Amazon is officially here as the total destruction of other retailers is completely over done. 

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Disclosure: Long FCX