U.S. futures advanced with European markets on positive earnings from
. The Swiss wealth management firm reported 4Q net income that easily beat Wall Street forecasts.
delivered another standout performance in the first quarter, with its video subscription service attracting 3.6 million more customers to increase its U.S. audience to nearly the same size as America's largest cable-TV carrier,
. However, a disappointing second-quarter earnings forecast from Netflix sent shares down 5% in pre-market trading.
Investors await earnings reports from
. Online retail giant
reports after the bell today, expectations are for 61 cents a share on revenue of $90.5 billion, the stock is flat year to date.
Retail has been strong this year, coupled with decreasing unemployment. It's no wonder the commercial real-estate ETF, the
iShares Dow Jones U.S. Real Estate Fund
closed on highs yesterday.
Simon Property Group
Vornado Realty Trust
represent the two largest holdings in the IYR and also sit at 52-week highs. The group that was once considered the next shoe to drop in the financial crisis is now showing relative strength.
Chinese Internet stocks rebounded from multiday selling in the group on strong earnings from
up 8.45% on the day.
up 4% and
up over 2% all lead the group higher. Recent new issues
Qihoo 360 Technology
are also setting up for potential moves higher.
Other stocks potentially setting up include post earnings movers
, along with stocks yet to report like
Commodities broke a four-day winning streak as profit-takers caused a major reversal in
. Silver futures hit $49.80 in the early morning trading yesterday, before selling off near 5%. Is this the top in silver?
Check out T3Live.com's Virtual Trading Floor to follow these traders and their live portfolios on real-time throughout the day! Take a free trial.Disclosures: Scott Redler is long MGM, REDF, AAPL, POT, F JDSU, OIH, LVS, JPM, GLD, CIEN, AMZN and short SLV.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.