NASDAQ:CORT

Stock Futures Mixed On Greek Deal. Stocks to Watch: CORT, THLD, WYNN, NFLX, GTXI, HD, WMT

Stock FuturesFutures are rather subdued on news this morning that the second Greek bailout agreement has been reached. It may be that the market is treating any such deal with skepticism because it will only lead to a third. Wal-Mart’s 15% drop in 4th quarter profit is also keeping the market from pushing substantially higher. Dow futures are currently up 26 points to 12,955. Nasdaq 100 futures are down half a point to 2,582. The S&P 500 futures are up a point to 1,360.

After a 13-hour meeting in Brussels, EU and IMF officials finally came to an agreement to provide Greece with a 130 billion Euro bailout package. They also secured agreements in which Greek debt holders would undergo a 53% write-down. This tops the initial 50% agreement reached last October. The question now is will this work?

Judging by the austerity measures they have to institute, signs point to no. If your goal is to reach certain budgetary targets, destroying your workforce is awfully strange way of getting there. Plus with Greek elections in a couple of months it is unlikely that the next group of leaders will feel obligated to stick to the plan. [Read more...]

Investors Are Selling These Stocks: HL, SUMR, CWTR, SVU, CORT, XCO

Hecla Mining Co. (NYSE:HL) is down 24.32% this morning after the company cut 2012 silver production outlook. HL is currently trading at $4.44 with 19.3 million shares traded. HL is down on extremely heavy volume and has traded nearly 3 times its daily average volume. The company has a market cap of 1.20 billion. Sign Up For Our Free Weekly Newsletter

Summer Infant, Inc. (NASDAQ:SUMR) is down 21.46% in early trading at $5.38. SUMR has traded 498 thousand shares so far today, well above its daily average of 47 thousand shares. SUMR shares opened lower today after the company issued downside guidance. The company has a market cap of 92.36 million.

Coldwater Creek Inc. (NASDAQ:CWTR) is down 11.20% this morning at $0.9146. CWTR has traded 679 thousand shares today and trades 1.1 million shares a day on average. CWTR shares are taking a hit today after the company lowered fourth quarter EPS guidance below expectations. The company has a market cap of 112.55 million.

SuperValu Inc. (NYSE:SVU) is down 10.61% today at $7.50. SVU has traded 5.4 million shares so far today and is already above its daily average volume. SVU shares are getting hammered after posting a wider loss and cut sales view. The company has a market cap of 1.60 billion.

Corcept Therapeutics Incorporated (NASDAQ:CORT) is down 5.37% in early trading at $2.82. CORT has traded 264 thousand shares so far today, 100 thousand shares more than its daily average. CORT shares are down more than $0.60 a share in the past few days. The company has a market cap of 238.27 million.

EXCO Resources Inc. (NYSE:XCO) is down 4.58% today at $8.76. XCO has traded 2.4 million shares so far today and trades 3.1 million shares. XCO shares are down more than $1 a share since last Thursday. The company has a market cap of $8.75.

Real Time Web Analytics