StreetInsider.com Blog

Some tips, comments and laughs on the stock market from the team at StreetInsider.com

Tuesday, January 23, 2007

Stocks to Watch Tomorrow 01/24

Oil rose more than $2 barrel today after getting raped for some time. Tomorrow oil inventories are due at 10:30AM ET. If oil continues to rally it could weigh on stocks.

Yahoo! Inc. (Nasdaq: YHOO) reported after the close and showed they continue to perform like a dead fish compared to Google (Nasdaq: GOOG). Stock up 4% after-hours. The company is talking up their new search platform Panama again on the CC. Where are the resuls already!

Advanced Micro Devices Inc. (NYSE: AMD) reported a dismal quarter. Margins were way below expectations. Looks like Intel and AMD are price cutting each other to death. Down 4.6% AH.

Earnings to watch tomorrow include: McDonald's (NYSE: MCD), SAP AG (NYSE: SAP) (already warned), eBay (Nasdaq: EBAY) and Qualcomm (Nasdaq: QCOM)

Today's pump-it-up-pump-it-up micro cap stock was Optionable Inc. (OTCBB: OPBL). The company had a nice piece of news out which drove the action ---- Mega commodity exchange NYMEX Holdings (NYSE: NMX) is buying 19% of the company. Optionable provides natural gas and other energy derivatives brokerage services.

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