U.S. futures advanced with European markets on positive earnings from

UBS

(UBS) - Get UBS Group AG Report

. The Swiss wealth management firm reported 4Q net income that easily beat Wall Street forecasts.

Netflix

(NFLX) - Get Netflix, Inc. (NFLX) Report

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,

Comcast

(CMCSA) - Get Comcast Corporation Class A Report

. However, a disappointing second-quarter earnings forecast from Netflix sent shares down 5% in pre-market trading.

Investors await earnings reports from

Ford

s,

Coca-Cola

(KO) - Get Coca-Cola Company Report

,

3M

(MMM) - Get 3M Company Report

and

UPS

(UPS) - Get United Parcel Service, Inc. Class B Report

. Online retail giant

Amazon

(AMZN) - Get Amazon.com, Inc. Report

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

(IYR) - Get iShares U.S. Real Estate ETF Report

closed on highs yesterday.

Simon Property Group

(SPG) - Get Simon Property Group, Inc. Report

and

Vornado Realty Trust

(VNO) - Get Vornado Realty Trust Report

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

Sohu.com

(SOHU) - Get Sohu.com Limited Sponsored ADR Report

up 8.45% on the day.

TheStreet Recommends

Changyou Limited

(CYOU) - Get Changyou.com Ltd. Sponsored ADR Class A Report

up 9%,

Sina

(SINA) - Get SINA Corp. Report

up 4% and

Baidu.com

(BIDU) - Get Baidu, Inc. Sponsored ADR Class A Report

up over 2% all lead the group higher. Recent new issues

Qihoo 360 Technology

(QIHU)

and

Youku.com

(YOKU)

are also setting up for potential moves higher.

Other stocks potentially setting up include post earnings movers

Apple

(AAPL) - Get Apple Inc. (AAPL) Report

,

VMware

(VMW) - Get VMware, Inc. Class A Report

and

Salesforce.com

(CRM) - Get salesforce.com, inc. Report

, along with stocks yet to report like

TJX

(TJX) - Get TJX Companies Inc Report

and

Acme Packet

(APKT)

.

Commodities broke a four-day winning streak as profit-takers caused a major reversal in

Silver

(SLV) - Get iShares Silver Trust Report

and

Gold

(GLD) - Get SPDR Gold Trust Report

. 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.