Stocks to Watch Tomorrow 12/22

Research In Motion Ltd. (Nasdaq: RIMM) is up 5% after-hours following earnings. The street likes the Q4 subscriber addition guidance of 950-975K

Tomorrow Walgreen Co. (NYSE: WAG) with be reporting results and could be one to watch.

On the momentum front, Escala Group Inc. (Nasdaq: ESCL) fell following its monstrous two-day move. Mamma.com (Nasdaq: MAMA) gained another 8.8%. Onstream Media (Nasdaq: ONSM) joined the momentum train with a 48% move today. Like Mamma.com, Onstream is talking up its video search. Apparently no one cares they don't make money.

Red Hat Inc. (NYSE: RHT) has traders in a frenzy after the beaten up software company reported results that beat the street by 2 cents. The CEO said the company is in good shape to hit year-end guidance. Also, next quarters guidance looks solid.

Micron Technology (NYSE: MU) is up 4% after the company beat on the bottom line. Top line was a little light.

Delphi (OTC: DPHIQ) jumped 37% today after Highland Capital, a group we were watching build up its position, proposed a rival $4.37 billion funding bid. Track more 13G's at the site here http://www.streetinsider.com/13Gs

Northfield Laboratories (Nasdaq: NFLD) sunk another 15%. Where will it hit bottom?

International Assets Holding Corp. (Nasdaq: IAAC) got the ax today after results. Down 32.6%. OUCH!

Stocks to Watch Tomorrow 12/19

Big box retailer Circuit City (NYSE: CC) is set to report earnings before the bell Tuesday. The company will be reporting Q3, but look for comments on the all-important Q4 - which it is currently in. Rival Best Buy recently missed on the bottom line, so slight earnings/margin weakness at CC may be somewhat expected.

Morgan Stanley (NYSE: MS) is the latest broker to report earnings, coming before the bell Tuesday. It will likely take a big 'beat' to move the stock up.

Palm (Nasdaq: PALM) is expected to report earnings after the close Tuesday with analysts looking for earnings of $0.15 and revenue of $392.3 million. Investors want an update on the new line of Treo's which were recently delayed.

Pointer Telocation Ltd. (Nasdaq: PNTR) surged 27% Monday after the company set a date to release its 2007 revenue and profitability guidance (12/21). No - the company didn't give any numbers, but this is a recent momentum stock and it gives speculators something to play with. Irrational exuberance anyone. Note: This stock was $5 per share back in November. Today's close was $14.35.

Mikron Infrared Inc. (Nasdaq: MIKR) received a 29% haircut Monday after delivering Q3 results and saying it will be difficult to maintain revenue increases in light of the deteriorating pricing situation.

Two bankrupt stocks were shunned today after their meteoric rises recently. Delphi Corp. (OTC: DPHIQ) sunk 19% after announcing $3.4B in financing. Northwest Airlines (OTC: NWACQ) sunk 21%. We expect continued volatility in the names as investors gauge what the equity will be worth once the company's emerges from bankruptcy.

Oracle Corp. (Nasdaq: ORCL) reported in-line results after the close. The stock is taking it on the chin a little bit in after-hours action, but basically just gave back today's gains. Nothing of concern to note. Oracle has been a beast this year, so a little profit taking could be healthy.

A handful of IPOs are expected to start trading tomorrow: ARTE, PLTE, DSUP, MPEL, TSL. Watch the IPO action tomorrow here: http://www.streetinsider.com/IPOs