Earnings, European Optimism Lift Stocks Early

[Stocks-to-Watch]

A slew of earnings reports, many of them optimistic, added momentum to a rally that started in Europe this morning, and indexes were trading higher in pre-market action. The European Central bank made concessions to help Greece avoid default, although Greek leaders still need to agree on a plan to cut the budget. European banks rose, with Deutsche Bank (DB) up 2.4%.

Dow futures rose 21 points to 12,852; S&P 500 futures rose 1.3 points to 1,346.

Time Warner (TWX) rose 2.9% after the company beat earnings expectations, and increased its dividend and buyback program. Ralph Lauren (RL) rose 6.8% after reporting better than expected earnings. CVS Caremark (CVS) rose 1.6% after reporting earnings and raising guidance. Buffalo Wild Wings (BWLD) which reported strong earnings late on Tuesday, was up 15%.



Original Article Source by Barrons.com