Greek Deal Buoys Futures. Stocks to Watch REGN, NBG, ZNGA, NFLX, AAPL, CZR, TSL

Over the weekend, the Greek cabinet and parliament approved the bailout deal that paves the way for the second round of funds to the struggling country. Instead of fireworks celebrating the deal, the Greek citizenry turned towards Molotov cocktails to voice their displeasure with the austerity cuts. Maybe one day the EU and IMF will figure out you cannot decimate your populace to growth.

The Dow futures are responding positively to the Greek news, up 85 points to 12,852. Nasdaq 100 futures are following suit, up 17.50 points to 2,556. The S&P 500 is rounding out the pre-market gains, adding 9.50 points to 1,350.

If the Greek deal sounds bit like deja vu, it is cause you have seen this movie before. The Greek government passes a bill that promises the moon, citizens go into the street to riot, and then the Greek government misses nearly all their economic targets laid out in the deal. Regardless, the market is set to continue its rally as the deal will work to calm the markets for a short period. [Read more...]

Midday Movers: CZR, CALX, FFN, SGI, ONE, OPNT

Stocks are edging lower in midday trading as a deal has still not been reached in Greece for its second bailout package. Patience is beginning to run out as investors are ready to see a solution to the European sovereign debt problem. The Dow is down 38 points right now, the Nasdaq is down 5 points and the S&P is off 2 points.

Caesars Entertainment Corporation (NASDAQ:CZR) is up 73.22% in midday trading at $15.59. Caesars IPO was today and shares opened at $9 and have quickly run up on heavy volume. CZR has traded 7.1 million shares so far today.

Calix, Inc. (NYSE:CALX) is up 26.43% today at $10.86. CALX has traded 1.7 million shares so far today, 6 times its daily average. CALX shares are up today after the company reported its fourth quarter results yesterday. Calix beat EPS estimates by $0.02 and beat revenue estimates. The company has a market cap of 515.52 million.

FriendFinder Networks Inc. (NASDAQ:FFN) is up 14.29% in midday trading at $1.68. FFN has traded 1.3 million shares so far today, well above the stock’s daily average of 400 thousand shares. FFN shares are up more than $0.50 in the past few trading days. The company has a market cap of 51.82 million.

Silicon Graphics International (NASDAQ:SGI) is down 23.24% today at $11.03. SGI has traded 6.3 million shares so far today, more than 10 times its daily average. SGI shares are tumbling on fiscal second quarter EPS missing estimates. Non-GAAP profits came in at $0.04 a share, Wall Street was expecting $0.25 a share. The company has a market cap of 347.09 million.

Higher One Holdings, Inc. (NYSE:ONE) is down 15.37% in midday trading at $15.25. ONE has traded 4 million shares today, way above its daily average of 364 thousand shares. ONE shares fall as Raymond James downgrades to the stock to marketperform from outperform. The stock missed revenue estimates in its latest quarterly results as well. The company has a market cap of 842.59 million.

Opnet Technologies Inc. (NASDAQ:OPNT) is down 14.69% today at $32.40. OPNT has traded 1.4 million shares so far today and trades 294 thousand shares a day on average. OPNT shares are down in midday trading after missing estimates on earnings. EPS was $0.23, analysts were expecting $0.26 per share. The company has a market cap of 726 million.

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