Out Fox The $treet - December 10, 2019
Stocks to watch on Tuesday:
Stitch Fix (SFIX) - the online personalized style service reported a strong FQ1. Despite the rally, Stitch Fix is a fundamentally cheap stock trading at an EV/S multiple of 1x. The stock is up 50% off the lows so investors might look for dips to enter the stock, but the value remains insanely cheap.
Canopy Growth (CGC) - the announcement of the Constellation Brands (STZ) CFO as the new CEO isn't a reason to celebrate. The cannabis stock is highly expensive at $20 with my previous value estimate below $10. In addition. Constellation Brands wouldn't hire a new CEO, if the company wanted to make a bid. The wine and spirits company doesn't have the cash for a big premium deal either. Fade this rally as the break of the downtrend is unlikely to hold.
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