Apple Today 11/08/2016 VOTE (AAPL)
seymour_greenz • November 8th 2016 10:34:25 AM
Good Morning,
Welcome to Election Day 2016. NASDAQ Futures are down 7 with flat Fair Value, S&P Futures are down 4 with -2 Fair Value and Dow Futures are down 17 on this most momentous and pivotal day of Election Tuesday 2016 after the strongest bounce in 9 weeks yesterday following 9 straight down sessions - which is notably the longest streak since December 1, 1990. The economic calendar has a few more data points, such as Small Business Optimism and Redbook Chain Store Sales among others this morning, but let's face it - the entire world is perched on the edge of their collective seats awaiting the 2016 US election results tonight. The earnings calendar delivered us a winner with The Priceline Group Inc. (PCLN), up nearly 4.5%, and a trio of stinkers, CVS Health Corporation (CVS), down over 16%, Valeant Pharmaceuticals International, Inc. (VRX), down over 27% and Wayfair (W), down nearly 14%. Hopefully, upcoming earners Jazz Pharmaceuticals, Inc. (JAZZ) and TripAdvisor Inc. (TRIP) will step up to the task this afternoon and tomorrow morning. Futures were flat in early morning and touched green just before 4am only to dip to lows later inthe morning and are near the lows as we approach the open.
Asian markets ended mixed. China went up 0.46%, Hong Kong went down 0.11% and Japan dropped 1.46%. European markets are near flat. The UK is down 0.01%, Germany is down 0.12% and France is down 0.08%.
Commodities are mixed this morning. Oil is down 0.38%, natural gas is down 4.33% and gold is up 0.17%. Unleaded gas is down 0.28% and heating oil is down 0.26%. Metals are up. Meats are mixed. Cocoa, cotton, corn, wheat and soybeans are up while coffee is down.
US election fever keeps stocks, dollar subdued. Oil prices could prove election-sensitive.
The Priceline Group Inc. (PCLN) reported Q3 earnings yesterday afternoon with revenue up 22%, beating expectations and is up nearly 4.5% in pre-market. Cray Inc (CRAY) announced an adjusted Q3 loss of 49 cents per share and is down over 13.5%.
CVS Health Corporation (CVS) announced Q3 results with a guidance cut and is down over 16%. Wayfair (W) reported an adjusted Q3 loss of 54 cents per share and is down over 13%. Valeant Pharmaceuticals International, Inc. (VRX) reported Q3 results with a loss and guidance cut that missed expectations and is down over 27%.
This afternoon after the bell, look out for earnings from Prospect Capital Corporation (PSEC), Jazz Pharmaceuticals, Inc. (JAZZ), Cumulus Media Inc. (CMLS) and Liquidmetal Technologies, Inc. (LQMT).
Tomorrow morning before the open, Viacom Inc. (VIAB), TripAdvisor Inc. (TRIP), USA Technologies, Inc. (USAT), DISH Network Corporation (DISH), Tribune Media Company (TRCO), Crocs, Inc. (CROX), Kite Pharma (KITE), Materialise NV (MTLS), Inovio Pharmaceuticals, Inc. (INO), Santander Consumer USA Holdings Inc (SC), Kandi Technologies Group, Inc. (KNDI) and The Wendy's Company (WEN) are expected to report.
A leading bullish CVS swing trade strategy is: When the 20 Simple MA is Below the 57 DEMA AND 28 day Stochastics is Bearish, daily bars.
AAPL looped around 110 yesterday, ending up 1.44% on slightly lower than average volume. AAPL opened up at 110 to high volume and initially spiked towards mid-110 on high volume before dipping to an intra-day low of 109.46 at 10:04am on moderate volume before bouncing back to 110. AAPL hugged 110 in a narrow range on low volume until 1pm and then pushed up into the mid-110 zone followed by a momentary sharp dip back under 110 on mild volume and then an equally sharp bounce back to mid-110 on stronger volume into the close. AAPL ended the day up 1.57 at 110.41 and dropped 7 cents in after-hours to 110.34.
This morning in pre-market, AAPL opened lower and dipped below 110, scraping a pre-market low of 109.89 at 5:31am and bouncing back up above 110 to a pre-market high of 110.40 later at 8:35am before settling back towards 110. AAPL is currently down 33 cents at 110.08 as we approach the open.
Classic max-pain is 111. Today is Election Tuesday 2016, be sure to get out and vote!
US election fever keeps stocks, dollar subdued:
http://www.reuters.com/article/us-global-markets-idUSKBN133030
Oil prices could prove election-sensitive:
http://www.nasdaq.com/article/oil-prices-could-for-once-prove-election-sensitive-20161108-00718
OPEC boss warns of oil-market instability if no deal on output:
http://www.bloomberg.com/news/articles/2016-11-08/opec-boss-warns-of-oil-market-instability-if-no-deal-on-output
CVS warns of lower profit, prescription losses:
http://www.usatoday.com/story/money/2016/11/08/cvs-health-third-quarter-earnings/93465698/
Valeant slumps as CFO warns:
http://www.bloomberg.com/news/articles/2016-11-08/valeant-cuts-2016-forecast-after-quarterly-profit-falls-short
Tech giants offer up last-minute Election Day help:
https://www.cnet.com/news/voting-election-day-help-hillary-clinton-donald-trump-twitter-facebook-google/?utm_source=dlvr.it&utm_medium=feed
Apple tells suppliers to expect strong MacBook Pro shipments going into 2017:
http://www.macrumors.com/2016/11/08/apple-suppliers-strong-macbook-shipments-2017/
Wow, the "laughing guy" is at it again:
https://www.cnet.com/news/apple-macbook-pro-dongle-obsession-explained-with-laughter-parody-video/
You might find your next job on Facebook:
http://www.telegraph.co.uk/technology/2016/11/08/you-might-find-your-next-job-on-facebook/
YouTube Now Supports HDR Video:
http://www.pcmag.com/news/349388/youtube-now-supports-hdr-video
Samsung says sorry:
http://www.theverge.com/2016/11/7/13558442/samsung-galaxy-note-7-recall-apology-ad
Tesla acquires a German automation company to accelerate vehicle production:
http://www.theverge.com/2016/11/8/13561146/tesla-acquisition-grohmann-automation-production
Hyperloop's first track could be built in Dubai:
http://money.cnn.com/2016/11/08/technology/hyperloop-dubai-abu-dhabi/
Twitter could save Vine by selling it:
https://www.cnet.com/news/twitter-could-save-vine-by-selling-it/
Toblerone triangle change upsets fans:
http://www.bbc.com/news/uk-37904703
If an asteroid were hurtling toward Earth, what would NASA do?
http://www.csmonitor.com/Science/2016/1107/If-an-asteroid-were-hurtling-toward-Earth-what-would-NASA-do
Watch methane clouds move above Saturn's moon Titan:
http://www.techtimes.com/articles/185143/20161108/watch-methane-clouds-move-above-saturns-moon-titan-video.htm
NASA to launch swarms of small, Earth-observing satellites:
http://www.space.com/34644-nasa-small-satellites-earth-science.html
Earth just experienced the hottest 5 years on record:
http://www.bloomberg.com/news/articles/2016-11-08/earth-just-experienced-the-hottest-five-years-on-record
Elephant poachers are hard at work in Africa, and carbon dating proves it:
http://www.latimes.com/science/sciencenow/la-sci-sn-elephant-ivory-poaching-20161107-story.html
2-headed sharks on the rise:
http://www.huffingtonpost.com/entry/2-headed-sharks_us_5820dc1fe4b0d9ce6fbdd6f2
End of daylight saving time can kick off seasonal affective disorder:
http://abcnews.go.com/Health/end-daylight-saving-time-kick-off-seasonal-affective/story?id=43358293
Zika vaccine is a step closer after scientists "neutralise" the virus during pregnancy:
http://www.wired.co.uk/article/antibody-zika-virus
Coping with Election Day anxiety:
http://www.cbsnews.com/news/coping-with-election-day-anxiety/
Today's Economic Calendar:
6:00 NFIB Small Business Optimism Index
8:55 Redbook Chain Store Sales
10:00 Job Openings and Labor Turnover Survey
1:00 PM Results of $24B, 3-Year Note Auction
Notable earnings this afternoon after the bell: AGTC, DPMLF, *PSEC*, VSAT, KEYUF, LPSN, ELON, ZAYO, NAME, NP, RUSMF, CPA, INWK, CVG, *JAZZ*, LUCRF, CXO, DOOR, GMED, NATR, RLH, SSRI, VNR, FGEN, MBI, NMFC, HRTG, NOG, CDXS, CGNT, ENT, BTN, BPI, CPTA, FENG, WGBS, WHLR, APRI, BIOL, CNAT, COKE, TBPH, UMH, *CMLS*, PRSC, SAUC, NTN, AMPH, EGY, ERN, FTEK, TTEC, EVOL, MGMXF, MTEX, REI, VEC, *LQMT*, SENR, LUB, ADES, ASH, GWGH, PFGC, SPA, DOX, SD, SHSP, SIEN, AEZS, PGNPQ, IPAR, PME, REXX, YPF, TCON, RGSE, UVV, TARO, NTXFF, EGLE, CVCO, GFA, ESTE, ILG, MSTX
And tomorrow before the open: *VIAB*, LABL, MPAA, CABGY, TEO, *TRIP*, *USAT*, FOR, HLNFF, *DISH*, PPP, CHRVF, IPXL, DRH, NCLH, CYD, HPT, CCO, EGRX, IHRT, IONS, ITCI, KERX, SWX, ABR, HMSY, PMC, EBIX, MGLN, *TRCO*, *CROX*, *KITE*, GGB, OSGB, STKL, *MTLS*, EEYUF, BDIMF, GTT, TRXC, LMOS, ATRS, BITA, SCMP, SEMFF, AGM, BDSI, NEON, OCUL, RVLT, TLF, *INO*, CXDC, HCAP, TTNP, VRTV, EGAS, BXE, TIPT, HDELY, OTIV, PFIN, FLYLF, GIB, OSAGF, *SC*, COTY, WAC, ENR, JSNSF, BR, ITG, GNL, STON, AGFS, CAS, EVEP, GCP, *KNDI*, RDNT, ALSMY, BLD, CXSNF, ENAKF, HNR, VIVEF, *WEN*, ACAT, HOTR, ELOS, BBSI, TIK, KUKAF, MURGY, VRTU, AFGVF, ELMD, FELP, NYRT