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...]

Morning Gainers: ITRI, BDSI, TRW, MNEL, THLD, AAP

Itron, Inc. (NASDAQ:ITRI) is up 21.96% this morning at $48.92. ITRI has traded about 2 million shares so far today, more than five times its daily average volume. Itron’s price target was increased to $61 from $47 by Brean Murray today. The company also announced it will buy SmartSynch for $100 million. The company has a market cap of 1.96 billion.

BioDelivery Sciences International (NASDAQ:BDSI) is up 18.50% today at $2.37. BDSI has traded 871 thousand shares so far today, up from its average volume of 307 thousand shares. BDSI received patent allowance triggering $15 million milestone payment from Endo Pharmaceuticals. The company has a market cap of 70.36 million. [Read more...]

Afternoon Movers as Stocks Remain Mixed

Stocks are mixed in midday trading today as mixed data on the U.S. economy and news of a delay on Greece’s bailout give investors pause. Homebuilder sentiment rose this month, but U.S. industrial production was flat. Economists were expecting industrial production increase 0.7%. The Dow is getting hit hardest today as it drops 76 points. The Nasdaq is being propped up by tech stocks today and is up 3 points. Finally, the S&P 500 is down slightly at 2 points.

Cybex International, Inc. (NASDAQ:CYBI) is up 26.32% in afternoon trading at $1.92. CYBI has traded 541 thousand shares so far today, well above its daily average of 51 thousand shares. Cybex reported fourth quarter results earlier today. Net sales for the fourth quarter were $43.1 million, up $3 million from the same period a year ago. Cybex reported net income of $34.7 million, or $2.03 per diluted share. [Read more...]

Futures Red as Greek Worries Return. Stocks to Watch: THLD, TIVO, NFLX, BAC, AMZN, RENN, C

With no economic data on the docket, worries over Greece are expected to return in full-force today. Currently Dow futures are down 26 points to 12,767. Nasdaq 100 futures are also trending lower, down 7.25 points to 2,516. The S&P 500 is rounding out the decline, off 4.25 to 1,334.75.

The Euro and European stocks are trending lower this morning as Greece struggles to find a path towards their second bailout. The country is already suffering through a severe recession and any new austerity measures will only sharpen the popular backlash. Also ignored by the EU and IMF is if they continue to shed jobs through cuts it will only increase future bailouts. It will only generate a feedback loop where new measures hammer away at the Greek budgetary situation.

The uncertainty over Greece is sending most indexes lower across the continent. The Stoxx 600 Europe is down .32% in intra-day trading. The EUR/USD pair is also lower, off another .5% to the $1.30 level.

Overnight the IMF released their growth projections for China. One of the highlights was the fact if the EU experienced a sharp downturn, future growth in China would be severely limited. They also cut their 2012 GDP forecast from 9% to 8.25%.

Stocks to watch today include Threshold Pharmaceuticals, Inc. (NASDAQ:THLD), TiVo Inc. (NASDAQ:TIVO), Netflix, Inc. (NASDAQ:NFLX), Bank of America Corp. (NYSE:BAC),, Inc. (NASDAQ:AMZN), Renren Inc. (NYSE:RENN) and Citigroup, Inc. (NYSE:C)

Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) is up 10.70% in pre market trading at $3.31. THLD shares continue to rise following news of a global agreement between Threshold Pharma and Merck KGaA for TH-302. THLD has jumped from less than $1.50 to well over $3 since Friday. The company has a market cap of 146.89 million.

TiVo Inc. (NASDAQ:TIVO) is up 6.86% in pre market trading at $12.00. Barron’s is reporting that TiVo may go up as high as $18 as patent-lawsuit settlements boost income and its digital recording technology attract buyers. TIVO shares are up about $1.50 since last Wednesday. The company has a market cap of 1.36 billion.

Netflix, Inc. (NASDAQ:NFLX) is down 0.34% in pre market trading at $126.00. Neflix competitor Coinstar (NASDAQ:CSTR), which owns Redbox, will release fourth quarter earnings after the closing bell today. NFLX shares are trading relatively flat over the past week or so after the stock rose about $30 following great earnings. The company has a market cap of 7 billion.

Bank of America Corp. (NYSE:BAC) is down 1.02% in pre market trading at $7.76. BAC shares are down this morning as the overall market is set to open lower. Bank of America announced Barbara Desoer, the company’s mortgage chief, will retire. The company has a market cap of 82.60 billion., Inc. (NASDAQ:AMZN) is down 0.78% in pre market trading at $186.22. AMZN shares took a hit last week after announcing their quarterly results. The stock fell from $195 to under $175. Since then though, it has clawed its way back up and is nearly where it was before it fell. The company has a market cap of 85.39 billion.

Renren Inc. (NYSE:RENN) is down 1.92% in pre market trading at $5.12. It looks like the Facebook hype has finally dropped a bit for these other social media companies. RENN shares jumped more than 50% over the past week or so, but has fallen back a bit for now. The company has a market cap of 2.05 billion.

Citigroup, Inc. (NYSE:C) is down 0.83% in pre market trading at $33.26. C shares are down with market futures this morning. Citigroup will be the first western bank to issue credit cards in China under its own brand. The bank won approval to launch the business from the China Banking Regulatory Commission. The company has a market cap of 98.07 billion.

Payroll Data Surprises to the Upside, 243,000 Jobs Added. Stocks to Watch: THLD, ZNGA, DNDN, WYNN, BAC, NFLX, APKT

All eyes this morning are fixated on the payroll data. Consensus expectations is for a gain of 120,000 jobs. Turns out the real number blew expectations out of the water. 243,000 jobs were added last month with a drop in the unemployment rate. The Dow futures are currently up 94 points to 12,760. Nasdaq 100 futures are tacking on 23 to 2,515. The S&P 500 futures are rounding out the gains, up 11.50 to 1,334.25.

The jobs data out today sent the unemployment lower to 8.3%. If the trend continues the rate will tack below 8% before the election cycle gets in full swing. This should act as a boon for Obama’s reelection chances.

Outside of the jobs data, the Institute for Supply Management will release its non-manufacturing on business for January at 10am EST.

On the earnings front, several companies are slated to report today. These include the beauty giant Estee Lauder (NYSE:EL) and cleaning-products company Clorox (NYSE:CLX).

Europe is edging higher ahead of the jobs data with the Stoxx 600 Index up .83% in trading. Investors are expected to turn their eyes back towards Greece again this weekend and debt talks resume. One wonders when the next unfounded rumor of a deal will be released? Who knows, maybe rumor # 155 will be the charms and there will be a deal.

In commodities oil is jumping with the rest of the market. Nymex futures are up 62 cents to $97 per barrel.

Stocks to watch today include Threshold Pharmaceuticals, Inc. (NASDAQ:THLD), Zynga Inc. (NASDAQ:ZNGA), Dendreon Corp. (NASDAQ:DNDN), Wynn Resorts, Limited (NASDAQ:WYNN), Bank of America Corporation (NYSE:BAC), Netflix, Inc. (NASDAQ:NFLX) and Acme Packet, Inc. (NASDAQ:APKT)

Threshold Phamaceuticals, Inc. (NASDAQ:THLD) is up 64.34% in pre market trading at $2.13. THLD shares are up this morning after Threshold and Merck KGaA announced global agreement to co-develop and commercialize hypoxia-targeted drug TH-302. THLD trades 136 thousand shares a day on average. The company has a market cap of 63.38 million.

Zynga Inc. (NASDAQ:ZNGA) is up 3.75% in pre market trading at $12.85. ZNGA shares continue to rally following the filing of Facebook’s IPO. Zynga and Facebook are very closely tied together with Zynga’s success dependent on Facebook’s success. ZNGA trades 11.5 million shares a day on average, but has been trading many times that over the past few days. The company has a market cap of 8.66 billion.

Dendreon Corporation (NASDAQ:DNDN) is up 1.22% in pre market trading at $14.11. DNDN shares saw a jump at the beginning of January from $8 to $14, but since then has been trading flat. DNDN trades 9.1 million shares a day on average and has a market cap of 2.08 billion.

Wynn Resorts, Limited (NASDAQ:WYNN) is down 3.46% in pre market trading at $116.60. WYNN shares are down after the company released quarterly results yesterday. Profits came in at $1.55, beating estimates of $1.29. Investors are still worried about a possible slowdown in the growth of the company’s Macua operations. The company has a market cap of 15 billion.

Bank of America Corporation (NYSE:BAC) is up 2.82% in pre market trading at $7.66. BAC has traded 501 thousand shares this morning and trades 268 million shares a day on average. BAC shares are up along with the overall market following a good jobs report. The company has a market cap of 78.49 billion.

Netflix, Inc. (NASDAQ:NFLX) is up 1.04% in pre market trading at $125.29. NFLX trades 8.6 million shares a day on average. Look for an across the board rally in stocks today as jobs numbers blew by expectations. So far this year, NFLX shares are up more than $50 a share. The company has a market cap of 6.87 billion.

Acme Packet, Inc. (NASDAQ:APKT) is down 9.58% in pre market trading at $27.93. APKT has traded 338 thousand shares already this morning and trades 2.7 million shares a day on average. APKT shares are lower today after posting fourth quarter results. EPS came in at $0.26 per share, analysts were expecting $0.28 per share. The company has a market cap of 2.07 billion.

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