Stocks to Watch Tomorrow 01/19

Techs were taken to the shed today. Was Jim Cramer's call that tech is dead until August correct? While I think Cramer is a smart guy (outside his "100-picks in a minute" snake oil) I think making this broad of a call could prove wrong this year. Where is the fast oil money going to go? What if retail investors comes back big in 07? - Where is all this money going to go? It will likely go into tech. I'd be hunting for opportunities.

Apple (Nasdaq: AAPL) down 6.2% today after blowing out the number. They are clearly sand-bagging the number big time and Mac sales are growing at a rapid pace despite the "miss". Dip buyers will likely show up here soon.

IBM (NYSE: IBM) reports a solid quarter but it wasn't enough to keep the stock going. The stock is getting a 5.5% haircut after-hours.

Hoku Scientific, Inc. (Nasdaq: HOKU) was today's you-really-don't-know-what-the-hell-you-are-buying-but-the-news-sure-sounds-good-and-I-like-the-name micro cap play. The stock zoomed 123% on a $370M deal with Sanyo. This stock has been a complete disappointment since its IPO in 2005 its nice to see the company is finally doing something, but I still think this stock has a trust issue and new shorts are likely licking their chops on today's move.

JDS Uniphase Corp. (Nasdaq: JDSU) is making a big 10% move after-hours after raising revenue guidance. This stock has been dead money for some time.

A lot of big-boys are reporting tomorrow before the open: Citigroup (NYSE: C), General Electric (NYSE: GE), Motorola (NYSE: MOT) and Schlumberger (NYSE: SLB).

Stocks to Watch Tomorrow 01/18

Apple (Nasdaq: AAPL) reported a blow out quarter after the close. EPS was $1.14, versus the consensus of $0.78 and revenue was $7.1 billion versus the consensus of $6.42 billion. After an initial pop (post-halt) the stock is now below the close. Sceptics may point at the lower Mac numbers and guidance that is below the street ($0.54-$0.56, versus the consensus of $0.60). I say the iPod numbers were huge and will lead to higher Mac numbers and guidance was conservative (the company guided Q1 to $0.70-$0.73 and reported $1.14!). The stock looks to have big psychological resistance at $100.

Star Scientific Inc. (Nasdaq: STSI) was today's everyone-knows-we-can-move-this-little-piece-of-crap-on-any-decent-news micro cap stock of note. The company disclosed in an 8-K filing that the presiding judge in its patent infringement lawsuit against RJ Reynolds Tobacco notified the company that decisions on three pending summary judgment motions will be available on the Court's website on Friday, January 19th. The stock closed 30% higher.

IBM (NYSE: IBM) is reporting earnings after the close tomorrow and will be the one to watch. Also look for Continental Air (NYSE: CAL), Harley-Davidson (NYSE: HOG) and Merrill Lynch (NYSE: MER) (all before the open)

The big loser today was Rackable Systems Inc. (Nasdaq: RACK), down an astonishing 38% after warning on earnings. We will have to be on the look-out for a dead-cat bounce here.