US Futures are in positive territory today after a positive read on manufacturing coming out of Asia. Yesterday afternoon, Amazon Inc. (NASDAQ:AMZN) reported earnings and had a surprising miss on revenue. Though shares of the company are down, it is not dragging the overall market lower. The Dow futures are currently up 91 points to 12,668. Nasdaq 100 futures are following the Dow’s lead, up 12.50 points to 2,477. The S&P 500 rounded out the pre-market gains, up 8.75 points to 1,317.

The EU announced overnight that manufacturing is contracting at a slower pace thanks to growth in Germany. This is helping investors push concerns over Greece aside momentarily. Indexes across the continent are rallying with the Stoxx 600 Index up 1.47%.

Manufacturing data out of China is easing concerns for the moment that the country was heading for a hard landing. The soft activity does set it up for the central bank to institute further easing and/or rate cuts to boost the economy.

Economic data domestically includes the ADP numbers which just crossed. The number of private sector jobs added last month was 170k. It should be noted that December’s number was revised lower. At 10am EST the Institute for Supply Management manufacturing index is slated to be released. Consensus expectations is for a print of 54.5, up from 53.9.

In commodities, oil continues to toy with the $100 per barrel mark. Right now Nymex futures are up 33 cents to $98.81. Gold is following oil’s bullish move, up $7.70 to $1,748.10 per ounce.

Stocks to watch today include Seagate Technology (NASDAQ:STX), Whirlpool Corp. (NYSE:WHR), Molycorp, Inc. (NYSE:MCP), Amazon.com, Inc. (NASDAQ:AMZN), Netflix, Inc. (NASDAQ:NFLX), Bank of America Corp. (NYSE:BAC) and Manitowock Company, Inc. (NYSE:MTW).

Seagate Technology (NASDAQ:STX) is up 9.27% in pre market trading at $23.17. STX has traded 347 thousand shares already this morning and trades 10.3 million shares a day on average. STX shares are climbing today the company released fiscal second quarter results late yesterday. Seagate saw profit jump in the second quarter and sales rose 19%. Their EPS beat Wall Street estimates and forecasts for third quarter and fourth quarter also beat estimates. The company has a market cap of 8.88 billion.

Whirlpool Corporation (NYSE:WHR) is up 9.52% this morning at $59.49. WHR shares are up after the company reported a 20% profit increase in the fourth quarter thanks to cost cutting. WHR typically trades 1.9 million shares a day on average. The company has a market cap of 4.15 billion.

Molycorp, Inc. (NYSE:MCP) is up 3.97% in pre market trading at $32.21. MCP shares are up slightly on reports that Molymet will buy a 13% stake for $31.22 a share. MCP trades 4.1 million shares a day on average and has a market cap of 2.60 billion.

Amazon.com, Inc. (NASDAQ:AMZN) is down 9.37% in pre market trading at $176.22. AMZN shares are sinking this morning after the company posted a sharp decline in earnings for the fourth quarter and shocked investors with a disappointing revenue outlook. The company has a market cap of 88.42 billion.

Netflix, Inc. (NASDAQ:NFLX) is up 0.85% in pre market trading at $121.22. NFLX shares are off its recent high of around $130, but still looking good following last week’s earnings. NFLX shares are still up about $30 a share since announcing earnings. NFLX trades 8.5 million shares a day on average and has a market cap of 6.66 billion.

Bank of America Corporation (NYSE:BAC) is up 1.12% in pre market trading at $7.21. BAC shares are seeing a slight bump as the overall market is set to open higher. Bank of America is one of 5 bookrunners that will handle the much talked about Facebook IPO. BAC has traded 1.4 million shares so far this morning and trades 269 million shares a day on average. The company has a market cap of 75.12 billion.

Manitowoc Company (NYSE:MTW) is up 9.45% in pre market trading at $14.71. MTW shares are up this morning after Manitowoc fourth quarter earnings beat estimates by $0.01. MTW also beat on revenue. MTW trades 3.4 million shares a day on average and has a market cap of 1.77 billion.