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 12/21

Research In Motion (Nasdaq: RIMM) will be reporting after the close tomorrow. Expect the stock to be volatile before and after the report. Many are expecting a strong quarter due to sales of the new BlackBerry Pearl. Competitor Palm reported yesterday, beating lowered Q2 results, but guiding below for Q3. Many think RIMM is stealing market share from PALM, but there are also a handful of new competitors making similar products which could stymie growth.

Micron Technology Inc. (NYSE: MU) and Red Hat Inc. (NYSE: RHT) are also on deck to report earnings after the close tomorrow and will be ones to watch.

Micro-caps Mamma.com Inc. (Nasdaq: MAMA) (+33.4%) and Escala Group Inc. (Nasdaq: ESCL) (+22%) continue to kill the shorts. Their runs will likely end soon, but they could continue higher in the near term on the squeeze.

SIGA Technologies Inc. (Nasdaq: SIGA) jammed 82% higher in the final hours of trading after the company said it was given Orphan Drug for its smallpox drug, SIGA-246. Orphan Drug designation gives SIGA 7 years of marketing exclusivity in the US if the drug becomes the first of its kind to obtain marketing approval from the FDA.

The IPO for Artes Medical, Inc. (Nasdaq: ARTE) had a nice day, climbing 27.8% above the $6 pricing. The stock priced at the low end of the $6.00-$8.00 range, but originally was supposed to come to the market at $12-$14. The company markets an aesthetic injectable implant for the correction of facial wrinkles.

Northfield Laboratories Inc. (Nasdaq: NFLD) sunk 57% today after yesterday's 20% haircut following negative news on PolyHeme, its controversial red blood cell substitute. As old money calls it quits and moves on, some new money may be bottom fishing. This looks like a perfect situation for an activist fund to get involved with. Dan Loeb are you out there?

Sally Beauty Holdings Inc. (NYSE: SBH) was slammed to the tune of 13% today after losing L'Oreal rights. We may see bottom fishing in the name in the near term. Sally Beauty was spun-off from Alberto-Culver Co. (NYSE: ACV) in November.