StreetInsider.com Blog

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

Thursday, January 25, 2007

Stocks to Watch Tomorrow 01/26

Today's I've-been-holding-this-little-shit-for-months-and-nothing-and-now-that-I-sell-the-fucker-the-stock-soars micro-cap stock was Overhill Farms, Inc. (AMEX: OFI). The stock jumped nearly 47% today after the company signed a three-year agreement to produce meals for a major national food brand. The agreement is expected to generate sales of approximately $43 million during the first year. The company said it is on track to reach annual revenues of over $200M by Q3, versus the $168.3M reported all of last year. This one could have legs.

Biggies reporting earnings tomorrow include Caterpillar (NYSE: CAT) and Halliburton (NYSE: HAL).

While slow to develop, I still like Rackable Systems Inc. (Nasdaq: RACK) as a bounce play. The stock closed higher today despite the market lashing.

Watch the homies tomorrow. New Home sales are due at 10AMET. Today the group was smacked down on the existing homes number and lousy earnings.

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Wednesday, January 24, 2007

Stocks to Watch Tomorrow 01/25

Conolog Corp. (Nasdaq: CNLG) was today's the-news-sounds-good-and-everyone-else-is-buying-it-so-I-will micro cap. The stock ramped 86% after the company announced today its CM-100 DIRECT SUBSTATION COMMUNICATOR system has received final testing approval. Yeah - I don't know what the hell that means either.

eBay Inc. (Nasdaq: EBAY) is up 11% after-hours after surprising to the upside. This should set a good tone for tech tomorrow.

Biggies on deck to report earnings tomorrow: AT&T (NYSE: T), Dow Chemical (NYSE: DOW), Ford Motor (NYSE: F), Lockheed Martin (NYSE: LMT), Nokia (NYSE: NOK), Amgen (Nasdaq: AMGN), Microsoft (Nasdaq: MSFT)

TNS Inc. (NYSE: TNS) looks like a bounce candidate. The stock dumped 14.2% today after the company turned down a lowered offer from its former CEO. The stock is back to the price it was before the offer was disclosed. Also activist fund Shamrock disclosed a 5% stake and the company just guided above Wall Street.

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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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