Stocks Ramping Higher In Early Trade (SPY, QQQQ)

Stocks are surging in early trade amid strong earnings reports from Home Depot HD and Wal-Mart WMT along with takeover speculation in the fertilizer space after BHP Billiton POT. The acquisition offer was made at $135 per share and has already been rejected by POT's board of directors. The SPDR S&P 500 ETF SPY has gained 1.27% to $109.63. The PowerShares QQQ Trust QQQQ, which tracks the performance of the Nasdaq 100, has gained 1.61% to $45.52.