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Once the market opens, you can track how today's Stocks To Watch are performing here. To send in your own ideas for tomorrow's Stocks To Watch, email stockstowatch@seekingalpha.com before 6:00 AM ET Tuesday.

Apollo Education Group (NASDAQ:APOL) - short - Bill Maurer

  • The U.S. Department of Education will review the company's administration of federal student financial aid programs.
  • Enrollment at for-profit education companies is declining as government scrutiny increases.

Codexis (NASDAQ:CDXS) - long - David Zanoni

  • Codexis inked a licensing deal w/ GSK for its CodeEvolver technology.
  • CodeEvolver enables the rapid development of enzymes for use in pharmeceuticals & healthcare products.
  • The deal is worth $25 million over 2 yrs. for Codexis + potential milestone payments of $38.5 million per project. Look for the stock to jump higher on this news.

GoPro (NASDAQ:GPRO) - short - Bill Maurer

  • Reality has set in, as shares have come more than 26% off their high.
  • A negative Barron's article over the weekend sent shares lower Monday.
  • Stock still expensive after the fall.

GT Advanced Technologies (NASDAQ:GTAT) - long - Bill Maurer (may initiate a position)

  • Stock has been hit by 3 recent downgrades, causing 25.7% fall in shares.
  • Short-term sapphire concerns may be valid, but long-term potential remains.
  • Huge short interest could cause short squeeze when stock starts to rebound.

Loral (NASDAQ:LORL) – long – Chris DeMuth Jr.

Michael Kors (NYSE:KORS)- long- Brad Kenagy (no position or plans)

  • Michael Kors was the worst performer in the S&P 500 because of a column in the Wall Street Journal, that I believe did not have any real substance; the article was simply a warning to KORS that they should make sure they do not end up like Coach (NYSE:COH).
  • Michael Kors over the last year has grown its quarterly revenue at a rate of 12.68%, whereas Coach has had declining revenue 3.47%.
  • KORS stock is sitting only a few pennies above a horizontal level of support which has been in place since late 2013, and on the move down today, slightly crossed below its 200-day moving average, which I believe will be a false crossing, and shares could rebound higher.

Valero Energy (NYSE:VLO) – short – Jordan Flannery (no position)

  • Shares of Valero fell by 3.5% in after-hours trading yesterday after the company provided an update for its Q2 2014 performance.
  • The company now sees income from continuing operations between $1.10 and $1.25 per share, which is below consensus estimates. Valero also expects to report a $0.12 per share loss from discontinued operations relating to the company’s closed Aruba refinery.
  • Look for shares of Valero to continue to weaken in today’s trading session as investors signal their discontent with these projected results.

Editor's Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

Source: Stocks To Watch: Codexis, Michael Kors, Valero...