U.S. stocks headed for a higher open on Monday as solid results from major European banks and expectations of a sales rebound for Ford Motor Co reinforced hopes that the recession is moderating.

Consumer Credit Falls to Record Low in March; GM Burns Through $10.2 Billion in First Quarter; Commercial Mortgage Delinquencies Soar to 11-Year High; Retailers Report Better-Than-Expected Sales in April; FBI Will Add More Agents for White-Collar Crime; Boeing Loses Dream Deal

Financial journalists, most of whom spend more time writing about derivatives than carburetors, have been scathing about the possibility of an auto industry bailout, even though they’ve happily accepted multiple bailouts for the financial sector.

GM is essentially already bankrupt, says Horacio Marquez. And it has been for years. This clearly makes the company one to avoid for investors. But Horacio says there are still some ways for those with a big risk appetite to make big profits with the giant automaker.