Tumi Holdings' IPO

Tumi Holdings shares opened up for the first time more than 45 percent above their offer price.

Spain Auctions 2.5 Billion in Euro In Long Term Bonds

Spain’s Treasury auction saw solid demand on Thursday sending U.S. futures higher. Spain issued 2.5 billion in Euros or 3.3 billion in U.S. Dollars across 2 and 10 year bonds.  Although demand was high – yield ticked higher compare to the last auction in January.  Within the secondary market yields for both were slightly below primary sale.

Ten Stocks Bucking The Trend Today

U.S. markets gave up less than a percent across the board, however, several stocks managed to hit 52 week highs today.  I always find companies that a can buck broader trend are always worth looking further into.  Traders alike have fund many nuggets  o the 52 week high list.

Mid-Day Top Percent Gainers

Top Percent Gainers

Unusual Option Activity Prologis

CAMS short for CurveAheadMarketStrategies.com screens found unusual activity in CALL and PUT options buying at several strike levels at mid-day trading in Prologis Inc. (PDL, quote) Option traders are coming after the May CALL and PUTS at several strikes.

U.S. Stock Market

  The S&P 500 futures are trading below fair value, suggesting a lower market opening this mornin after the U.S. stocks closed higher yesterday on improved results on a bond auction in Spain offset European economic worries. The S&P 500 index ended the day at 1390.78, up 1.55%. Analyisi are looking for Abbott Laboratories (ABT, quote) to post earnings $0.99 per share vs. earnings of $0.55 in the same period one

IBM Reports Earnings

IBM reports earnings excluding items of $2.78 a share, topping forecasts. Revenue came in at $24.67 billion, slightly short of expectations.

Unusual Option Activity

CAMS short for CurveAheadMarketStrategies.com screens found unusual CALL options buying at several strike levels at mid-day trading in the Consumer Staples Select Sector SPDR Fund (XLP, quote). Option traders are grabbing the May 34 CALL as well as strike level of 37 for Jan 13 and Jan 14 leaps. 

Housing Starts Disappoint

March Housing Starts fell to 654K units annualized from February’s 694K. Traders were looking for an increase to 705K units annualized.

U.S. Stock Market

Tuesday’s Pre-Market Movers