Urban Outfitters has come roaring back from its hard gap-down.

Expectations for S&P 500 earnings growth for the third quarter stand at 11.7%. Revenues are anticipated to come in with 4.9% growth.

Total net sales of Urban Outfitters climbed 5.2% to $814.5 million during the quarter, attributable to a $34 million jump in non-comparable store sales, new store openings and double-digit growth at its wholesale operations.

December E-mini S&Ps (ESZ14 -0.04%) this morning are down -0.07%, although European stocks are up +0.89% after German investor confidence rose more than expected to a 4-month high.

Stocks to watch this week: (URBN), (HD), (CRM), (GMCR), (GME).

December E-mini S&Ps (ESZ14 +1.43%) this morning are up +1.30% and European stocks are up +1.53% as Italian and Spanish government bonds gained on the prospects of additional ECB stimulus.