US STOCKS-Wall Street set for record open on stimulus, recovery bets

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* Bank, energy stocks gain on prospects of more stimulus
* AutoNation rises after strong quarterly profit
* Futures up: Dow 0.52%, S&P 0.45%, Nasdaq 0.48%

(Adds comment; updates market prices)
By Devik Jain
Feb 16 (Reuters) - Wall Street's main indexes were set to
open at all-time highs on Tuesday, with investors piling into
economically sensitive stocks on hopes of more fiscal aid to
lift the world's biggest economy from a coronavirus-driven
slump.
Morgan Stanley MS.N , Goldman Sachs GS.N , JPMorgan Chase
& Co JPM.N , Citigroup Inc C.N and Bank of America Corp
BAC.N rose about 1.7% each in premarket trading as 10-year
U.S. Treasuries US10YT=RR touched their highest since late
March. US/
Oil stocks ExxonMobil Corp XOM.N , Marathon Oil MRO.N ,
Devon Energy Corp DVN.N and shale-focused player Occidental
Petroleum Corp OXY.N gained between 2.5% and 5.6% after oil
prices jumped to a 13-month high. O/R
"The cyclical trade is off to the races, which is a sign of
a brand new business cycle, a brand new recovery and of faster
growth to come," said Thomas Hayes, chairman of hedge fund Great
Hill Capital Llc in New York.
"Even if the market was going sideways or only modestly
higher, we could see material rallies under the surface in those
laggard groups from last year and that's going to be a huge play
this year."
The benchmark S&P 500 and the blue-chip Dow scaled new highs
last week as investors swapped growth-oriented stocks including
technology, which led Wall Street's recovery from a
COVID-19-induced crash last year, for under-priced value stocks
that are poised to benefit from economic growth.
The S&P value index .IVX , which includes banks, energy and
industrial sectors, has risen 6% in the past two weeks, slightly
outperforming the growth index .IGX , which is skewed more
toward technology.
Further lifting sentiment, President Joe Biden is pushing
ahead with his plan to pump an extra $1.9 trillion in stimulus
into the economy. MKTS/GLOB
By 8:13 a.m. ET, Dow e-minis 1YMcv1 were up 163 points, or
0.52%, S&P 500 e-minis EScv1 were up 17.75 points, or 0.45%,
and Nasdaq 100 e-minis NQcv1 were up 66.25 points, or 0.48%.
A largely upbeat fourth-quarter earnings season has also
reinforced hopes of a quick business recovery this year.
This week's earnings reports from Hilton Worldwide Holdings
Inc HLT.N , Hyatt Hotels Corp H.N , Marriott International Inc
MAR.O , Norwegian Cruise Lines NCLH.N and TripAdvisor Inc
TRIP.O will be closely watched for signs of a pickup in global
travel demand.
Shares of cryptocurrency and blockchain-related firms
including Silvergate Capital Corp SI.N , Riot Blockchain
RIOT.O and Marathon Patent Group MARA.O jumped between 7.9%
and 10.5% as bitcoin BTC=BTSP crept toward $50,000.
AutoNation Inc AN.N added 1.8% after it reported an 88%
surge in quarterly adjusted profit as the largest U.S. auto
dealership chain earned more per vehicle thanks to tight
inventories and robust demand for SUVs and trucks. Southwest Airlines Co LUV.N rose 2.1% after the carrier
forecast slower cash burn in current quarter as leisure bookings
and demand improve in Feb. Focus this week is also on the minutes from the Federal
Reserve's January meeting, where it reaffirmed its pledge to
maintain a dovish policy stance.