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$CME said June 2016 average daily volume (ADV) rose 13% to 16.4MM contracts per day from last year. Options volume grew 17% to 3.4MM contracts per day, with electronic options rising 25% to 1.9MM contracts per day. Volume average 15.1MM contracts per day in 2Q16, up 13% from last year. Total open interest at end of 2Q16 rose 16% to 106MM contracts.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.