Mark Holder
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Mark Holder in Out Fox The $treet,

Out Fox The $treet: August 9, 2017

Stocks to watch on Wednesday:

LendingClub (LC) - after reporting solid guidance for Q3 and the year, the stock soared 18% to $6.45. The big question is why investors ignored the prior projection for a return to solid growth. The stock broke above strong resistance at $6 and is now looking for new yearly highs. 

Twilio (TWLO) - the cloud communications provider reported a big Q2 beat. The stock has strong resistance at $35 and trades at a reasonable price for a cloud software provider. Look for a dip to buy or load up on a breakout. 

Disney (DIS) - reported weak results due to ESPN for FQ3 sending the stock down after hours. As well, the media giant announced intentions to start a Disney-branded OTT service in 2019 by removing related movies from Netflix (NFLX). Competing services isn't good for either stock short term though possibly a long-term positive for Disney once getting past the initial start-up phase. 

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Disclosure: Long LC