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Mark Holder in Out Fox The $treet,

Out Fox The $treet: August 4, 2017

Stocks to watch on Friday:

Yelp (YELP) - the consumer review site reported a big Q2 beat and a deal to sell Eat24 to GrubHub (GRUB) and form a partnership for online ordering. With a cash balance set  to reach $800 million, Yelp authorized a stock buyback of $200 million. The stock is still cheap at $37.  

Himax Tech (HIMX) - as expected, the weak Q2 numbers would impact the stock. The company missed revenue guidance, but the Q3 guidance was solid and should lead to a rally. Himax is interesting at $8. 

Shake Shack (SHAK) - FY17 guide down after a good report probably leaves the burger stock flat. With 28.8% restaurant level margins, the stock might get interesting on a dip to $30. Negative comps are hurting the stock, but one will want to own Shake Shack when numbers turn positive. 

GoPro (GPRO) - another left for dead stock rallied after hours. The action camera maker beat expectations, but plenty of questions still exist on whether the business has a future worthy of owning the stock. 

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Disclosure: Long YELP, HIMX