The manic attitude surrounding Greece has returned again this morning. The Greek PM announced that debt negotiations should conclude this week. Who knows, maybe the 100th positive statement is the charm and there will actually be movement on this. Regardless, the news has sent the US futures higher. Dow futures are up 51 points to 12,653. Nasdaq 100 futures are following the Dow’s lead, up 9 points to 2,471. The S&P is rounding out the pre-market gains, up 6 points to 1,315.
In addition to the Greek optimism, most of the EU countries agreed to a new treaty provision that is supposed to make budgetary matters more binding. Basically the equivalent of building a fence after all your animals escaped. Great news, minus the fact the crisis is already out of control. The two countries that did not sign on were Great Britain and the Czech Republic. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?
Domestically, earnings are set to rule the week again. Exxon Mobil (NYSE:XOM) is one of the bigger names set to report today. Pfizer Inc. (NYSE:PFE) and Amazon Inc. (NASDAQ:AMZN) are also on tap for earnings today.
On the economic data calendar, the Case Shiller Index for home prices is set to be released at 9:00am EST. This will be followed by consumer confidence data at 10am EST.
In commodities, oil is rallying on the back of EU optimism. Nymex futures are up $1.20, just under the $100 per barrel mark.
Stocks to watch today include GTx, Inc. (NASDAQ:GTXI), Renren Inc (NYSE:RENN), Zynga Inc. (NASDAQ:ZNGA), Quepasa Corporation (AMEX:QPSA), Apple Inc. (NASDAQ:AAPL), Netflix, Inc. (NASDAQ:NFLX) and Bank of America Corp. (NYSE:BAC)
GTx, Inc. (NASDAQ:GTXI) is up 5.44% in pre market trading at $6.20. GTXI shares are rallying again today after Citigroup raised its price target on the stock to $19 a share. Citigroup is predicting the company will report positive results from Phase III trails of Ostarine. The company has a market cap of 369.21 million.
Renren Inc. (NYSE:RENN) is up 2.69% in pre market trading at $6.48. RENN has traded 134 thousand shares already this morning and trades 5.1 million shares a day on average. RENN shares have been rallying big time over the past few days on the news of Facebook’s IPO. The company has a market cap of 2.47 billion.
Zynga Inc. (NASDAQ:ZNGA) is up 2.02% this morning at $10.60. ZNGA shares are up more than $1 over the past few days because of talks of Facebook’s IPO. ZNGA typically trades 10.2 million shares a day and has a market cap of 7.27 billion. Check out one of the best swing traders on the street.
Quepasa Corporation (AMEX:QPSA) is up 5.21% in pre market trading at $5.25. QPSA is another social media company that has rallied due to Facebook news. QPSA trades about 400 thousand shares a day on average. The company has a market cap of 168 million.
Apple Inc. (NASDAQ:AAPL) is up 0.55% in pre market trading at $455.50. Apple named a new retail chief this morning. The company chose chief executive of British electronics retailer Dixons, John Browett. Browett will join Apple in April as senior vice-president of retail. The company has a market cap of 422.37 billion. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?
Netflix, Inc. (NASDAQ:NFLX) is up 0.85% in pre market trading at $126.35. NFLX shares have jumped close to $30 a share since the company reported earnings last week. NFLX had lost a lot of subscribers earlier last year due to a price hike and bad PR. They gained most of them back though in the fourth quarter. NFLX trades 8.4 million shares a day on average and has a market cap of 6.95 billion.
Bank of America Corp. (NYSE:BAC) is up 1.27% in pre market trading at $7.16. BAC has traded 731 thousand shares already this morning and trades 270 million shares on average daily. The company has a market cap of 74.49 billion.
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