Major indices are flat and directionless again this Tuesday morning after a generally uneventful Monday session. Pepsico (PEP) reported a strong second quarter for earnings, but due to flat revenue, the Street is staying away, and shares are down 0.75%. Still getting no respect this morning is Snapchat (SNAP), down more than 5% after a wave of downgrades. Oh, Snap!
Here are your morning market metrics. Industries doing well today include multiline retail, independent power, and energy equipment. Industries showing weakness include trading companies, textiles, and construction & engineering. The VIX is up 0.9% to 11.21 after closing on Monday at 11.11. The most heavily traded options this morning are for the iShares Russell 2000 ETF (IWM), with 15,000 July 121 calls and 10,010 July 131 calls on the board. The total put/call ratio as of 10:00 AM was 1.42 (192,981/274,886). The advancers/decliners ratio for the NYSE is 1,202/1,586 and for the NASDAQ, 1,327/1,348.