U.S. stock futures are trading higher Tuesday on hopes that European leaders will complete a bailout for Greece and as M&A activity continues. Investors are worried that Greece's debt problems will spread throughout Europe and affect the economic progress that has been made. The auto sector will be in the spotlight as auto sales for February are reported throughout the day. Investors are expecting the worst month since September of 2008 due to Toyota Motor's (NYSE:TM) recall trouble. In corporate news, AutoZone Inc. (NYSE:AZO) reported fiscal Q2 EPS of $2.46, ahead of the consensus estimates of $2.35. Revenues for the quarter rose 4% year-over-year to $1.51 billion, topping the consensus estimates of $1.49 billion. Staples (NASDAQ:SPLS) reported fiscal Q4 EPS of $0.38 per share, ex-items, missing the consensus estimates by one penny. Revenues for the quarter rose 4% year-over-year to $6.4 billion, ahead of the consensus estimates of $6.3 billion. The Dow Jones Industrial Average (DJI) futures are trading 45.00 above fair value, the S&P500 (INX) futures are trading 5.60 points above fair value, and the Nasdaq Composite (IXIC) futures are trading 8.00 points above fair value.
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