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Mark Holder in Out Fox The $treet,

Out Fox The $treet: October 25, 2017

Stocks to watch on Wednesday:

Chipotle Mexican Grill (CMG) - the restaurant concept reported horrendous numbers after the close. Chipotle missed EPS estimates by $0.30 and actually discussed that comps were negative a couple of points until queso came to the rescue. The stock traded in the $290s at new 52-week lows in after hours and now most definitely tests $250.  

AMD (AMD) - the market was disappointed by guidance though AMD upped targets for Q4. The market typically reacts in this irrational fashion after a solid beat causes sequential numbers to look disappointing such as a forecast for a 20% sequential decline in revenues. The dip won't last as long as the end markets remain strong.  

Under Armour (UA,UAA) - the retailer hardly goes a day without negative news. Look for the test of $16 on UAA. Needs to hold in order to own the stock. 

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Disclosure: Long UA