Out Fox The $treet

  Twitter CEO and Co-Founder Jack Dorsey steps down immediately replaced by the relatively unknown current CTO. The social media company is on the cusp of game-changing subscription services and could use a focused CEO. The stock is a buy trading at less than 6x forward EV/S, but the CEO change is no guarantee of immediate success. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More » The big market moving news of the day was that  Twitter  ( TWTR ) CEO Jack Dorsey  stepped down immediately . The stock is now down on the day, as the market probably wanted an external candidate or an outright sell of the business for a quick gain. My  investment thesis  remains Bullish on the stock looking for focused leadership to build out the subscription business to accelerate growth. Read the full article on Seeking Alpha.  Disclosure: Long TWTR. Please review the disclaimer page for more detai...

Stocks to watch on Tuesday: Freeport-McMoRan (FCX) - as expected, no deal exists with China. The copper miner is a buy on weakness into the $9 range. The stock has capped upside at $12 until a trade deal is done. Twitter (TWTR) - Dorsey is headed to live in Africa next year. Investors should demand a new CEO with a vote for hiring Noto back from So-Fi. The CEO has turned around the company, but Jack has now striked out on several opportunities to develop Periscope and Vine into major revenue producing assets. Not to mention, the opportunity exists for premium services and recurring revenue streams that he hasn't made any moves towards. More research: Twitter Should Spend More Disclosure: Long FCX, TWTR. Please review the disclaimer page for more details.