Mark Holder
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Mark Holder in Out Fox The $treet,

Out Fox The $treet: July 5, 2017

Stocks to watch after the holiday:

Tesla (TSLA) - despite positive tweets by Musk surrounding Model 3 production by year end, Tesla ended down over 2% on Monday. The stock has doubled since the start of December so a pause is needed. As well,  Q2 production numbers after the close were highly disappointing. Expect Tesla to trade weak the rest of the summer. 

Advanced Micro Devices (AMD) - the stock is oversold at this point having declined 7 days in a row.  Look for a bounce to end the week. 

Freeport-McMoRan (FCX) - very appealing stock trading at $12 while copper sits around $2.65/lb. Freeport-McMoRan prints massively free cash flow at these copper prices making the stock any easy one to own. Let everybody else chase the oil stocks. 

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Disclosure: Long FCX