First, Greek strength is a positive testament to the peripheral countries in Europe. It signals that growth may come soon and European weakness may have finally bottomed.
The downside, however, is that Germany, the strongest European economy, has contracted a little. Weakness in Germany caps the potential upside that a stronger Europe could reach.
Still, any form of growth is a positive signal for Europe and perhaps it can cast a far-reaching net.
At the time of publication the author had no position in any of the stocks mentioned. Follow @AndrewSachais This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.