Stocks to watch on Wednesday:Fitbit (FIT) - the fitness device company announces a deal with Singapore for premium services. The deal has an initial value in excess of $5 million in annual revenues that could grow exponentially. Fitbit now has a $100 million health revenue stream that will transform the company from a device company to a health and wellness service provider. Revenue growth and multiple expansion will provide fuel for a stock rally. This initial 5% rally is a sign that market doesn't fully grasp the news. Glu Mobile (GLUU) - nice initial rebound, but the stock has a long way to go. Glue Mobile has a market value of $650 million with bookings from solid franchises set to top $400 million. The stock eventually rallies to the $7 resistance before making the next leg up. Disclosure: Long FIT, GLUU