Apple Today 11/15/2016 (AAPL)
seymour_greenz • November 15th 2016 11:05:36 AM
Good Morning,
NASDAQ Futures are up 10 with +4 Fair Value, S&P Futures are up 3 with +3 Fair Value and Dow Futures are up 6 one week after Election Day and we have a busy economic calendar with Retail and Chain Store Sales this morning followed by a Fed speech from Stanley Fischer this afternoon. The earnings calendar winners include Home Depot, Inc. (HD) up over 1% in pre-market, TJX Companies Inc. (TJX) up over 1.5% and losers Teva Pharmaceutical Industries Limited (TEVA), down over 3% and Stratasys, Inc. (SSYS) is down nearly 10% dragging the entire 3D printing sector down with it. Upcoming earners include Agilent Technologies Inc. (A) after the bell and Lowe's Companies, Inc. (LOW) and Target Corporation (TGT) tomorrow morning. Futures were up in early morning, peaked just after 4am and then dipped later in the morning. They have since bounced and are still modestly up as we approach the open.
Asian markets ended mixed. China went down 0.11%, Hong Kong gained 0.46% and Japan went down 0.03%. European markets are up. Germany is up 0.09%, France is up 0.21% and the UK is leading the advance, up 0.49%.
Commodities are mixed this morning. Oil is up 3.23%, natural gas is up 1.78% and gold is up 0.38%. Unleaded gas is up 2.29% and heating oil is up 2.24%. Metals are up except copper. Meats are mixed. Cotton, corn, wheat and soybeans are up while cocoa and coffee are down.
S&P, Nasdaq higher at the open, Dow lower. US retail sales jump more than forecast in broad advance. Fed won't be easily swayed from December rate hike according to Rosengren. German economy slows in Q3.
Zoe's Kitchen (ZOES) reported a Q3 loss yesterday afternoon that met expectations and is down nearly 5.5% in pre-market.
Home Depot, Inc. (HD) reported Q3 results this morning that beat estimates with earnings of $1.60 per share and is up over 1% in pre-market. Mobileye (MBLY) announced adjusted Q3 earnings of 19 cents per share that topped expectations and is down nearly 2%. Stratasys, Inc. (SSYS) reported a Q3 loss of 40 cents per share, missing expectations and is down nearly 10% dragging the entire 3D printing sector down with it. TJX Companies Inc. (TJX) announced Q3 results that topped expectations and is up over 1.5%. Dick's Sporting Goods, Inc. (DKS) is down over 5% after topping Q3 expectations but forecasting a weak holiday. Vodafone Group Plc (VOD) reported a loss and is down over 0.5%. Diebold Inc. (DBD) is up over 0.5% after reporting a Q3 loss that topped expectations. Teva Pharmaceutical Industries Limited (TEVA) announced Q3 earnings that missed expectations and is down over 3%. Palatin Technologies, Inc (PTN) reported Q1 results and is up over 4.5%. Aramark Services, Inc. (ARMK) met Q4 expectations and has yet to react.
This afternoon after the bell, look out for earnings from Agilent Technologies Inc. (A).
Tomorrow morning before the open, Lowe's Companies, Inc. (LOW), Target Corporation (TGT) and JinkoSolar Holding Co., Ltd. (JKS) are expected to report.
A leading bullish LOW swing trade strategy is: When the 14 EMA is Below the 15 SMA AND the 25 day Stochastics is Bearish, daily bars.
AAPL was threatening "panic mode" yesterday, dropping 2.5% on super high volume. AAPL opened at 107.74 to high volume set an immediate intra-day high of 107.81, then dropped big league over the next hour and a half on quite heavy volume, touching a stunning intra-day low of 104.08 at 11:08am on huge volume before bouncing back above 105 on strong volume and then holding the mid-105 area well later in the afternoon. AAPL punched above 106 at 3pm on strong volume and dipped back under into the close. AAPL ended the day down $2.72 at 105.71 and dropped 21 cents in after-hours to 105.50.
This morning in pre-market, AAPL opened higher in conjunction with Futures and popped into the mid-106 area on reports Apple is interested in releasing an AR product in the wearable glasses space. AAPL is currently up 87 cents at 106.58 as we approach the open.
Classic max-pain is 110.
S&P, Nasdaq higher at the open, Dow lower:
http://www.reuters.com/article/us-usa-stocks-idUSKBN13A1DN
US retail sales jump more than forecast in broad advance:
http://www.bloomberg.com/news/articles/2016-11-15/retail-sales-in-u-s-jump-more-than-forecast-in-broad-advance
Dollar, copper retreat, bonds in favor as rally pauses:
http://www.reuters.com/article/us-global-markets-idUSKBN13A03R
Fed won't be easily swayed from December rate hike according to Rosengren:
http://www.reuters.com/article/us-usa-fed-rosengren-idUSKBN13A1IH
German economy slows in Q3:
http://www.bbc.com/news/business-37984719
China just let its currency hit lows not seen since the financial crisis:
http://money.cnn.com/2016/11/15/investing/china-yuan-dollar-low-financial-crisis/
Home Depot gains from US housing strength, profit and sales beat:
http://www.reuters.com/article/us-home-depot-results-idUSKBN13A189?il=0
Samsung buys Harman to remain ally to carmakers:
https://www.bloomberg.com/news/articles/2016-11-14/samsung-buys-harman-to-remain-partner-not-threat-to-automakers
CEOs ponder a new game:
http://www.nytimes.com/2016/11/15/business/dealbook/ceos-ponder-a-new-game-with-donald-trump-rules.html?_r=0
Trouble ahead for the Fed?
https://www.bloomberg.com/view/articles/2016-11-15/how-trump-could-spell-trouble-for-the-fed
Apple is looking at digital glasses:
http://www.csmonitor.com/Technology/2016/1115/Apple-is-looking-at-digital-glasses-a-smart-move
15-inch MacBook Pro with Touch Bar has non-removable SSD:
http://www.macrumors.com/2016/11/15/macbook-pro-touch-bar-non-removable-ssd/
Apple said to release curved, bezel-free 5-inch and 5.8-inch iPhones next year:
http://www.macrumors.com/2016/11/11/curved-bezel-free-iphones-barclays/
Apple releases $300 book containing 450 photos of Apple products:
http://www.theverge.com/2016/11/15/13635788/apple-coffee-table-book-products-images
Facebook, Google take steps to confront fake news:
http://www.npr.org/sections/alltechconsidered/2016/11/15/502111390/facebook-google-take-steps-to-confront-fake-news
Microsoft, Elon Musk's AI group strike partnership, cloud deal:
https://www.bloomberg.com/news/articles/2016-11-15/microsoft-elon-musk-s-ai-group-strike-partnership-cloud-deal
Now anyone can use Skype without an account:
http://www.pcmag.com/news/349569/anyone-can-use-skype-without-an-account
Twitter cracking down on hate speech:
http://www.usatoday.com/story/tech/news/2016/11/15/twitter-says-its-cracking-down-on-hate-speech/93822902/
WhatsApp now handles secure video calls:
http://fortune.com/2016/11/15/facebooks-whatsapp-video-calling/
Time to cough up $720, Marty:
http://arstechnica.co.uk/gadgets/2016/11/nike-self-lacing-shoes/
Saturn's north pole looks like a watercolor painting:
https://www.cnet.com/news/saturn-north-pole-nasa-cassini/
Nat Geo Channel's 1st Mars episode highlights real rocket tech:
http://www.space.com/34718-mars-debut-episode-highlights-real-rocket-tech.html
Closest supermoon since 1948 thrills skywatchers:
http://www.space.com/34721-skywatchers-supermoon-photos-november-2016.html
Mantis shrimp's incredible eyesight yields clues for detecting cancer:
http://www.npr.org/sections/health-shots/2016/11/15/501443254/watch-mantis-shrimps-incredible-eyesight-yields-clues-for-detecting-cancer
Molecules found on phones reveal lifestyle secrets:
http://www.bbc.com/news/health-37973302
Spanking young children declines overall but persists in poorer households:
http://www.npr.org/sections/health-shots/2016/11/14/501993322/spanking-young-children-declines-overall-but-persists-in-poorer-households
Today's Economic Calendar:
7:30 Fed's Rosengren: Economic Outlook
8:30 Empire State Mfg Survey
8:30 Import/Export Prices
8:30 Retail Sales
8:55 Redbook Chain Store Sales
9:05 Daniel Tarullo speech
10:00 Business Inventories
1:30 PM Stanley Fischer speech
Notable earnings this afternoon after the bell: *A*, PALAF, STV, TRMLF, MTSI, SRDX, APTO, FNJN, CIG, SKLN
And tomorrow before the open: CGEN, CRWS, ENZY, BRC, *LOW*, *TGT*, LBLCF, ECC, *JKS*, FOMX, TCEHY, ELTK, EHIC, MTRAF, MTOR, BTDPF, SYPR, OXLC, BZUN, EC, BOUYF, BRLAF, CNET, TCTZD