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Take Profits in Yelp Now, Wait for Management's Guidance

Yelp (YELP) reports second-quarter results after the closing Tuesday. Given the stock's track record of selling off after earnings, including a 10% selloff in the first quarter, it would be a smart move to take profits now and wait for Yelp management to issue guidance.

In the past four quarters, the online consumer review site has averaged a negative earnings surprise of over 300%, according to investment firm Zack's. This measures the difference between what...