Mid Morning Markets Up On Greece Deal ( MCD, NAV, WMS, AMAG, KTOS, AMLN, HOTT, USO, UNG )

Stocks Up As Greece Deal Near (MCD, NAV, JKS, WMS, AMAG, KTOS, AMLN, HOTT, USO, UNG) U.S. stocks extended gains on Thursday on unconfirmed reports that the percentage of debtholders accepting a deal was very high as the deadline for the deal is just few hours away. The Dow Jones Industrial Average surged 45 points, to 12,882 The S&P rose 7 points to 1,360. The Nasdaq Composite surged 13 points to 2,949. As per Reuters A Greek official said the percentage of debtholders accepting a deal was very high, adding the government was hopeful ahead of a 3 p.m. EST (2000 GMT) deadline. The success of deal is very important as the country need to get the bailout money before March 20, when a payment is due, failure of which could lead Greece into bankruptcy. In the local data, New U.S. claims for unemployment benefits surprisingly increased last week, but was still not a key issue so far, a key factor in the current rally. Now investors would focus on payrolls report Friday. Initial claims jumped 8,000 to a seasonally adjusted 362,000 in the week ended March 3, the Labor Department said. McDonald's Corporation(NYSE:MCD) is the biggest loser on the DOW after the company said that comparable-store sales grew 7.50% in February, missing analysts’ estimates. The company further warned of profit decline in the first quarter, citing Europe's economic woes and rising commodities prices. Shares of MCD are now down 3.16% to $96.99. Navistar International Corporation(NYSE:NAV) shares slumped 6% to $37.67 after the company reported a loss of $2.08 a share on an adjusted basis, on revenue of $3.05 billion, missing analysts’ estimates of a loss of e 20 cents a share on revenue of just under $3 billion. The company projects to earn $4.25 to $5.25 a share in FY2012, well below consensus of $5.50 a share. WMS Industries Inc.(NYSE:WMS) slid 0.80% after the company said it earned $122.6 million, or $1.17 a share on revenue of $1.27 billion, compared to analysts’ estimates of $1.13 a share on sales of $1.25 billion. The company projects to earn $2.37 and $2.47 a share in FY2012. AMAG Pharmaceuticals, Inc.(NASDAQ:AMAG) surged 11% to $16.62 after the company said that the first Phase 3 study of its anemia drug Feraheme successfully met its main efficacy. JinkoSolar Holding Co., Ltd.(NYSE:JKS) also fell 4.71% to $5.67 after the company posted fourth quarter loss on reduced margin as prices fell. The company reported a loss of $2.61 per ADS on an adjusted absis on revenue of $190.4 million. Margin during the quarter was negative 4.4 percent, compared with a positive 28.5 percent in the year-ago period. Kratos Defense & Security Solutions, Inc(NASDAQ:KTOS)  surged 15% to $6.81 after the company provided better than estimated guidance for the current year. However, the company turned to loss during the fourth-quarter driven by amortization and higher overhead expenses despite strong revenue growth. Amylin Pharmaceuticals, Inc.(NASDAQ:AMLN) lost 1.60% to $15.91 after the company is planning to offer 13 million shares of its common stock. Hot Topic, Inc.(NASDAQ:HOTT) shares soared to new 52-week high after the company swung to a fiscal fourth-quarter profit helped by cost control and improving margins. In the commodities space, Crude Oil rose 0.30% to $106.46 and Gold climbed $12 to $1,696 an ounce. United States Oil Fund LP (ETF)(NYSEARCA:USO) added 0.66% at $40.87 and SPDR Gold Trust (ETF)(NYSEARCA:GLD) surged 0.67%.