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NEW YORK (CNNMoney)
Here's what investors are talking about:
1. Stocks march ahead: It's hard to keep this market down. The Dow, S&P 500, and Nasdaq all rose in early trading after taking a slight breather Monday. The Dow is up about 65 points (about 0.4%), while the Nasdaq is up 0.8%.
2. Hungry for some earnings: Food and beverage stocks were on the move Tuesday as some major restaurant chains released second quarter results.
Shares of Chipotle (CMG) skyrocketed almost 12% after the burrito maker posted earnings late Monday that surged from the year earlier despite higher menu prices.
McDonald's (MCD) sank after the fast food giant reported second quarter revenue and profit that fell short of expectations due to lower sales in the U.S. and Europe.
Related: McDonald's: People aren't lovin' it anymore
Domino's (DPZ) stock delivered for Wall Street after the pizza delivery service said that earnings grew 17.5%, driven by strong same store sales domestically and internationally.
Investors also got earnings from Coca-Cola (KO) Tuesday to wash down all those restaurant results. But the stock fizzled after the company beat analyst estimates but said its 2014 overall earnings are expected to suffer from unfavorable exchange rates.
3. Major media movers: The internet is king for Comcast (CMCSA), which said in its second quarter earnings Tuesday that a 15% increase in high speed internet users offset losses from so-called "cord cutters" who are dropping cable TV subscriptions. The stock moved higher in morning trading.
Part of the reason consumers are ditching traditional cable is due to companies like Netflix (NFLX, Tech30), which in its earnings report Monday revealed it now boasts over 50 million members. Still, the stock dipped over 4% Tuesday since the company said in its report that U.S. streaming subscriptions were lower compared to the year earlier.
Verizon (VZ, Tech30), another mega media conglomerate, also experienced an earnings bump, driven by strong revenues from its wireless and Fios segments. Shares were up Tuesday.
Investors will get more insight into the intersection of business and tech Tuesday when Apple (AAPL, Tech30) and Microsoft (MSFT, Tech30) announce quarterly results after the bell.
4. Bikes and diet supplements: Shares of Herbalife (HLF) rose even though a press conference was getting underway by a major hedge fund manager who is revealing what he found after a nearly two-year probe into the company's nutrition clubs.
Pershing Square's Bill Ackman has repeatedly called the company a pyramid scheme and last year disclosed that he was betting against its stock price. The stock has fallen around 30% this year, but it's still up big since Ackman's campaign against the firm began.
Meanwhile Harley Davidson (HOG) shares downshifted after the iconic motorcycle company beat earnings forecasts for the quarter but lowered its full year guidance for bike shipments.
Related: CNNMoney's Tech 30
5. Tensions ease over Ukraine: European markets were higher in afternoon trading as tensions in Ukraine appeared to ease slightly.
After delays and setbacks, a train carrying the bodies of most of those who died in the MH17 plane crash began moving out of eastern Ukraine.
Still, EU officials are meeting Tuesday to discuss further sanctions against Russia in a bid to end its support for separatist rebels in Ukraine. Western leaders say the bulk of evidence suggests the rebels shot down the Malaysia Airlines plane. Russia's stock market, the MICEX, is positive for Tuesday, but still down over 4.5% for the month.
First Published: July 22, 2014: 9:57 AM ET
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