Market Preview: One Bad Apple

Elsewhere on the earnings docket is a busy morning lineup featuring AOL(AOL) , ARM Holdings(ARMH) , BankUnited(BKU) , Bristol-Myers Squibb(BMY) , Carter Holdings(CRI) , ConocoPhilips(COP) , Corning(GLW) , Delta Air Lines(DAL) , Dice Holdings(DICE) , Eli Lilly(LLY) , Ford Motor(F) , General Dynamics(GD) , Hess Corp.(HES) , Hudson City Bancorp(HCBK) , JetBlue Airways(JBLU) , Jones Apparel(JNY) , Motorola Solutions(MSI) , Nasdaq OMX(NDAQ) , Northrop Grumman(NOC) , PepsiCo(PEP) , RadioShack(RSH) , Southern Co.(SO) , T. Rowe Price Group(TROW) , Tupperware(TUP) , US Airways Group(LCC) , W.R. Grace(GRA) and Wellpoint(WLP) .

After the bell comes Akamai Technologies(AKAM) , Ancestry.com(ACOM) , Angie's List(ANGI) , Cheesecake Factory(CAKE) , Citrix Systems(CTXS) , Crocs(CROX) , Las Vegas Sands(LVS) , LSI Logic(LSI) , Morningstar(MORN) , Skechers U.S.A.(SKX) , Tesla Motors(TSLA) , Tractor Supply(TSCO) , Visa(V) and Zynga(ZNGA) .

Wednesday's economic calendar includes the Mortgage Bankers Association's weekly mortgage application index at 7 a.m. ET; new home sales for June at 10 a.m. ET; and weekly crude inventories at 10:30 a.m. ET.

And finally, Netflix(NFLX) seemed to be running a re-run late Tuesday, once again showing a failure to communicate. Last year, the company got itself in trouble with its ham-handed handling of its price increase. Now the executive team of CEO Reed Hastings and CFO David Wells has unveiled an outlook full of contradictions that prompted a wave of selling in extended session,