Out Fox The $treet

As investors were warned,  Rite Aid (RAD)  was only going to head lower following the 1-for-20 reverse split. The company provided the following financial targets for FY20: Sales to be between $21.5 billion and $21.9 billion in fiscal 2020  Same store sales expected to range from an increase of 0.0 percent to an increase of 1.0 percent over fiscal 2019. Net loss is expected to be between $170.0 million and $220.0 million.   Adjusted EBITDA is expected to be between $500.0 million and $560.0 million.   Adjusted net (loss) income per share is expected to be between a loss of $0.01 and income of $0.04. These are not the numbers investors want to see in a competitive environment where  Walgreens (WBA)  and  CVS Health (CVS)  are already dealing with competitive impacts from  Amazon (AMZN)  entering the pharmacy space. The likelihood of Rite Aid recovering isn't very high. Avoid or short the stock that keeps hitting new lows including the $6s in after-hours trading.

Facebook has a new product with far more potential than a digital coin. Facebook Watch now has a MAU base of 720 million that far tops other social platforms. The video streaming service is forecast to top $5 billion in annual revenues. The stock has already rallied $30 off the monthly lows suggesting an ideal entry will come after a pause. While the market is focused on the  digital coin hype , Facebook ( FB ) has a hot new product that is already generating substantial revenues. The key to success in the large-cap tech space has traditionally centered around products that keep the company true to their core. Facebook has hit on a winner with Facebook Watch, which is a similar ad-supported product that is boosting growth. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.