Some of the biggest consumer brands in America will report earnings on what will be a busy Tuesday in markets.
As Facebook Inc (FB.O) geared up to report second-quarter results on Wednesday, traders in the options market are exhibiting a greater degree of bullishness in more than a year, options data showed. The stock, which hit an all-time high of $166.17 on Monday, has climbed 43 percent this year, outperforming the 23 percent gain for the S&P 500 Tech sector (.SPLRCT). "The overall flavor of trading in Facebook's options has been decidedly bullish," said David Russell, senior manager at online broker E*Trade Financial Corp, in Chicago.
Stocks are higher.