Jobs Report Provides Needed Good News ( SBUX, GMCR, MCP, ZUMZ, ANN, MWW, DHX, PPHM, QSFT, ZQK, RENN, RUTH )

Stocks Up On Upbeat Jobs Report, Greece Success (SBUX, GMCR, MCP, ZUMZ, ANN, MWW, DHX, PPHM, QSFT, ZQK, RENN, RUTH)U.S. stocks opened with modest gains on Friday thanks to strong jobs report and successful debt-swap deal between Greece and private bondholders. However, gains were capped as trade deficit in U.S came more than estimated.The Dow Jones Industrial Average rose 55 points, or 0.4%, to 12963. The Standard & Poor's 500-stock index climbed 8 points, or 0.6%, to 1373, and the Nasdaq Composite surged 19 points, or 0.6%, higher to 2990.This morning, before the opening bell, The U.S. Labor Department reported that nonfarm payrolls increased by 227,000 in February, ahead of economists’ estimates of 213,000, Moreover, The unemployment rate remained flat at 8.3%, matching estimates.However, U.S. trade deficit in January increased to a three-year of $52.6 billion, up 4.30%, way ahead of economists’ estimates of a deficit of $49.0 billion.Away from the local news, In Europe, Greece successfully completed its critical debt-swap debt, where more than 83% private creditors taken agreed to book over 50% losses on their bond holdings. Although, the participation rate was higher than estimated 75% to 80%, the country may still activate collective action clauses that would forcibly lift the participation rate to 95.7%.

In the corporate news, Starbucks Corporation(NASDAQ:SBUX) gained over 2% after the company said that it will launch its first ever coffee making machine, named the Verismo system, that makes espresso beverages and brewed coffee. However, shares of its close rival Green Mountain Coffee Roasters Inc.(NASDAQ:GMCR) slumped over 14% as its open stiffer competition for the company.Molycorp, Inc.(NYSE:MCP) rose 11.66% to $29.01 after the company agreed to acquire Canadian rare-earth mining company Neo Material Technologies for C$1.3 billion (US$1.31 billion) to gain greater exposure to China.Zumiez Inc.(NASDAQ:ZUMZ) also limbed 3.06% to $33.31 after the company provide d solid outlook on increased prices. The company projects to earn 6 cents to 8 cents on net sales of $123 million to $125 million in the current, topping analysts’ estimates of 9 cents and $122 million.Ann Inc(NYSE:ANN) shares climbed over 8% as the company’s fourth-quarter earnings came ahead of analysts’ target, although it fell about 69% due to falling margin. The company earned $48.2 million, while analysts were estimating 2-cent per-ADS. The company projects to get revenue of $177 million to $183 million this year, topping analysts’ target of $175 million.

Shares of online employment solution companies also climbed on upbeat jobs report with Monster Worldwide, Inc.(NYSE:MWW) surged over 4% and DICE HOLDINGS, INC.(NYSE:DHX) rose over 3%.Peregrine Pharmaceuticals(NASDAQ:PPHM) slumped 2.24% despite the company said that initial results from a Phase II trial of its lung cancer treatment came positive.Quest Software, Inc.(NASDAQ:QSFT) added 22.305 after the company was agreed to go go private by Insight Venture Partners in exchange of $23 a share, representing a 19% premium to Quest's Thursday close of $19.40.Quiksilver, Inc.(NYSE:ZQK) shares slumped 7.60% after the company reported increased first-quarter loss on weak margins, although revenue improved across regions. The retailer reported higher sales for its fourth consecutive quarter.Renren Inc(NYSE:RENN) is popping up over 5% as the company profit for the fourth quarter, from loss in the prior quarter. The company was benefited by increased advertising sales improved on a year-earlier result weighed down by one-time charges.Ruth's Hospitality Group, Inc.(NASDAQ:RUTH) climbed 7% to $6.72 after the company announced that it repurchased and will retire all outstanding convertible preferred stock owned by affiliates of private equity management firm Bruckmann, Rosser, Sherrill & Co. for $60.2 million in cash.