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Out Fox The $treet - November 27, 2019

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Stocks to watch on Wednesday:

Aurora Cannabis (ACB) - the large Canadian cannabis company opened an 11K square foot store in Edmonton. The stock is up 4% on the news and further signals that momentum traders have not left the stock. Aurora Cannabis is not ready to rally until the stock doesn't surge on immaterial news. More research: Aurora Cannabis Needs Industry Help

Under Armour (UA, UAA) - the athletic retailer is up 5% today as Raymond James slaps a $30 price target on the stock. As predicted here, the accounting probe fears were being over played. The real issue was bad sales practices. The stock remains a huge buy under $20 here and on any breakout above the recent resistance below $22.


Ambarella (AMBA) - the chip stock trades at 10x sales despite revenues only growing 10% after a couple of weak years. Ambarella appears headed for a new downtrend as the hype from the CV chips starts to disappear.




Disclosure: Long UA.  Read the full disclaimer page for more details. 

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