Mark Holder
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Out Fox The $treet: July 27, 2017

Stocks to watch on Thursday:

Advanced Micro Devices (AMD) - stock paused again at $15. Buy on any weakness with a likely rally to $20 by year end. Just remember that the stock is rallying on momentum and not fundamentals. The company only earned $0.02. 

Novavax (NVAX) - the stock gets interesting at $1 with the expectation that management looks for a partner on the new Phase 2 trial. The market has spoken with the displeasure at the thought of spending more money when funding is required. 

Twitter (TWTR) - the market will focus on revenues when Twitter reports before the market open, but the key is DAUs/MAUs. Expect the stock to initially dip if revenue are weak, but snap up the stock if MAUs jump similar to the 9M sequential gain in Q1. 

Baidu (BIDU) - the Chinese internet search giant should return to revenue growth when reporting after the close tomorrow. The stock closed above $200 and is positioned for a breakout. Remember that Baidu is the Chinese version of Alphabet and is only worth $55 billion. Baidu could easily join the FANG stocks in the US with a return to revenue growth. 

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Disclosure: Long TWTR, BIDU