July 21, 2015 Market Wrap Up

The S&P 500 continued to trade slightly lower today in a rather quiet session. However, things heated up in the after-hours with plenty of big name companies reporting earnings.

With that said, the VIX closed lower, settling below 12.50.

In the after-hours, we got earnings results from Microsoft, Apple, Yahoo, and CMG. At the time of this writing, all four of them are trading down. Because of that, both the NASDAQ and S&P 500 are trading lower. One high flyer that is actually trading higher is GoPro; the company guided higher.

On the options front, we saw bullish call buying in Schlumberger (SLB). We also saw bearish option activity in Lifelock (LOCK).

Here’s what’s on tap for tomorrow:

Key Economic Data:
22 July 2015- Existing Home Sales 10:00 AM ET
23 July 2015- Jobless Claims 8:30 AM ET
24 July 2015- New Home Sales 10:00 AM ET

Key Earnings:
22 July 2015- ABT, AN, ARMH, BA, EMC, IPG, KO, STJ, AF, CAKE, CRUS, DFS, FFIV, FTNT, INFN, QCOM, SNDK, TXN, XLNX
23 July 2015- BMY, CAB, CAT, CMCSA, DAN, DHR, DNKN, DOW, DPS, FCX, GM, KMB, LAZ, LLY, LUV, MCD, MJN, NDAQ, NUE, PENN, PTEN, SHPG, SYT, UA, UNP, USG, WM AMZN, FSL, JNPR, P, QLIK, TRIP, SWKS, SBUX
24 July 2015- ABBV, B, BIIB, JCI