Mark Holder
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Mark Holder in Out Fox The $treet,

Out Fox The $treet: January 3, 2018

Stocks to watch on Wednesday:

Snap (SNAP) - a lavish $4 million New Year's Eve party shows that CEO Evan Spiegel is out of touch with shareholders. Even worse, the venue blocked snaps causing partygoers including Drake to post on competitor Instagram owned by Facebook (FB). Avoid Snap at $15. 

Fitbit (FIT) - another stock beaten down towards year end due in part to tax selling likely to rebound in January. Fitbit is appealing around $6. 

Synergy Pharma (SGYP) - big 10% gain to start 2018 sets the stock up for a rally to $3 where the major November sell off started. 

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Disclosure: No positions