Stocks Jump on Renewed Greek Hopes. Stocks to Watch: IPSU, ARUN, CLWR, AMLN, AEO, AIG, NFLX

Stock Futures

Stock futures are sharply higher as the risk-on appetite returns to the street. Investors are optimistic that the Greek debt-swap will go off without a hitch, and that is sending the market higher. The central banks of Europe are scheduled to meet and jobless claims reign over the market this morning.

Dow futures are currently up 85 points to 12,926. Nasdaq 100 futures are up 17.50 to 2,626. The S&P 500 futures are rounding out the pre-market gains, up 11.25 to 1,364.

Jobless claims jumped 8k from last week. The number still remains under the 400k barrier that is a signal for positive labor growth. This shows that the recovery, while taking hold, is rather anemic. If the market was a looking for the catalyst to blow by Dow 13k, this is not it.

Internationally it is all about Greece. A successful auction will give rise to optimism the market desperately needs. Asia also broke their three-day losing streak on the back of the domestic rally yesterday.

Today is also ECB day for Europe. No, it is not a holiday. Rather, they decided to keep their discount rate unchanged at 1.00%. This signals concerns over whether their own recovery is sustainable in the short to long-term. Something to watch depending on how the Greek swaps turn out. A news conference is expected at 8:30am EST.

Commodity prices are once again back in rally mode. Gold prices are up $14.70 to $1698.70 per ounce. Oil is joining the metal in rally mode. Nymex crude futures are up 63 cents to $106.79. Any renewed growth signs will only push the commodity higher until it reaches that tipping point where it slows growth. A continued push above $100 is undoubtedly bad for the anemic recovery globally.

Stocks to watch today include Imperial Sugar Company (NASDAQ:IPSU), Aruba Networks, Inc. (NASDAQ:ARUN), Clearwire Corporation (NASDAQ:CLWR), Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN), American Eagle Outfitters (NYSE:AEO), American International Group, Inc. (NYSE:AIG) and Netflix, Inc. (NASDAQ:NFLX).

Imperial Sugar Company (NASDAQ:IPSU) is up 21.96% in pre market trading at $6.72. IPSU trades close to 800 thousand shares a day on average. IPSU shares are rallying this morning after the company enters agreement to sell investment in Wholesome Sweeteners. The company has a market cap of 67.33 million.

Aruba Networks, Inc. (NASDAQ:ARUN) is up 4.37% in pre market trading at $22.23. ARUN trades about 2.5 million shares a day on average. ARUN shares have been in a bit downtrend lately, but the stock is still up more than $3 on the year. The company has a market cap of 2.33 billion.

Clearwire Corporation (NASDAQ:CLWR) is up 1.38% in pre market trading at $2.21. CLWR trades 13.7 million shares a day on average. CLWR shares are up close to $0.50 from its low of $1.70 this year. The company has a market cap of 985.83 million.

Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) is down 3.83% in pre market trading at $15.55. AMLN has traded about 42 thousand shares already today and trades 3.5 million shares a day on average. AMLN shares are down some today after the company announced a public offering. Specifics on the number of shares and at what price were not disclosed. The company has a market cap of 2.38 billion.

American Eagle Outfitters, Inc. (NYSE:AEO) is up 2.32% in pre market trading at $15.90. AEO trades 4.4 million shares a day on average. American Eagle Outfitters recently announced its fourth quarter results. Profit for the fourth quarter fell 41%, but its adjusted results met Wall Street estimates. The company has a market cap of 3.01 billion.

American International Group, Inc. (NYSE:AIG) is down 2.07% in pre market trading at $28.84. AIG has traded 1.4 million shares already this morning and trades 5.6 million shares a day on average. AIG shares are down on news that the Treasury will sell $6 billion in AIG stock. The company has a market cap of 55.68 billion.

Netflix, Inc. (NASDAQ:NFLX) is up 1.71% in pre market trading at $106.99. NFLX trades 8.4 million shares a day on average. Netflix is in talks with cable companies about implementing their service on cable. The company has a market cap of 5.83 billion.

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About Kyle Pinder

Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.

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