U.S. Stocks Jump at Open; Lululemon Soars on Higher Guidance

U.S. stocks opened higher on Tuesday, following a slight rebound in oil prices and a stabilization in China stocks. Overnight, oil stepped into the $30 a barrel range and continued to flirt with 12-year lows. 'Oil could fall to $10 a barrel, but I don't think it would stay there,’ said David Lebovitz, global markets strategist at J.P. Morgan Asset Management. ‘So I think somewhere around $30 a barrel is probably a fair place to look for stabilization in the oil complex.' Meanwhile, shares of athletic clothing maker Lululemon (LULU) are in focus on Tuesday after the company raised its fourth quarter earnings and revenue forecasts. Earnings are expected to be in the range of somewhere between $0.78 to $0.80 a share, compared to a previously reported $0.75 to $0.78. In 2015, Airbus (AIR) brought in 1,036 new aircraft orders, ahead of Boeing's (BA) 768. But, Boeing delivered 762 planes, 127 more than Airbus. TheStreet’s Scott Gamm reports from Wall Street.