Apple Today 1/27/2017 OPEX (AAPL)
seymour_greenz • January 27th 2017 11:40:00 AM
Good Morning,
S&P Futures are up 1 with +3 Fair Value, NASDAQ Futures are up 10 with +4 Fair Value and Dow Futures are up 3 on this last OPEX Friday of this first month of 2017. US stocks hit new records on Thursday with the Dow closing at its highest ever, while the S&P 500 and Nasdaq dipped below the highs.
Today's economic calendar includes: GDP Q4, Durable Goods and Consumer Sentiment this morning, followed by Baker-Hughes Rig Count in the afternoon.
The earnings winners are VMware, Inc. (VMW), up nearly 3.5%, American Airlines Group (AAL), up nearly 2%, Microsoft Corporation (MSFT), up nearly 1.5% and E*TRADE Financial Corporation (ETFC), up 1.5%. On the other hand, Juniper Networks (JNPR) is down nearly 7.5%, Starbucks Corporation (SBUX) is down nearly 4% and Chevron Corporation (CVX) is down over 2.5%.
Futures are bouncy, they were down in early morning and rebounded to a peak in positive territory shortly before 3am, then dipped into red near 5:15am, bounced again and are near flat as we approach the open.
Asian markets ended mostly up. China went up 0.31%, Hong Kong went down 0.06% and Japan gained 0.34%. European markets are mostly down. The UK is up 0.23%, Germany is down 0.22% and France is down 0.47%.
Commodities are mixed this morning. Oil is down 0.33%, natural gas is down 2.33% and gold is down 0.67%. Unleaded gas is down 0.34% and heating oil is down 0.98%. Metals are down except copper. Meats are down. Coffee, cotton and corn are up while cocoa, wheat and soybeans are down.
Alphabet posts strong revenue growth, higher taxes hit earnings.
Microsoft Corporation (MSFT) reported Q2 results yesterday afternoon that beat expectations due in part to strength in cloud computing and is up nearly 1.5% in pre-market. Alphabet Inc. (GOOG) announced Q4 earnings with mixed results and is down over 0.5%. Intel Corporation (INTC) reported Q4 results with earnings of 79 cents per share that beat expectations and is up over 0.5%. VMware, Inc. (VMW) is up nearly 3.5% after beating Q4 forecasts with adjusted earnings of $1.43 per share. E*TRADE Financial Corporation (ETFC) announced Q4 results that beat expectations with adjusted earnings of 43 cents per share and is up 1.5%. Starbucks Corporation (SBUX) reported Q1 earnings with mixed results and is down nearly 4%. PayPal Holdings, Inc. (PYPL) reported Q4 results with adjusted earnings of 42 cents per share that met expectations and is down nearly 2%. Juniper Networks (JNPR) is down nearly 7.5% after reporting adjusted earnings of 66 cents per share that exceeded expectations but offered a light outlook.
American Airlines Group (AAL) reported Q4 results this morning that beat expectations and is up nearly 2% in pre-market. Honeywell International, Inc. (HON) is down nearly 1% after reporting mixed Q4 results with adjusted earnings of $1.74 per share. General Dynamics Corporation (GD) is down slightly after announcing Q4 results with better than expected profit. Chevron Corporation (CVX) announced Q4 results with profit of 22 cents per share that missed expectations and is down over 2.5%.
A leading Bullish INTC swing trade strategy is: When the 19 DEMA is Above the 22 DEMA AND the 22 Day Stochastics is Bearish, daily bars.
AAPL ticked along the 122-line yesterday, squeaking up 0.05% on relatively low volume. AAPL opened at 121.67 and quickly went up to set an intra-day high of 122.44 at 9:34am on high volume before reversing back to 122 on moderate volume. After 10am, AAPL dipped below 122 and set an intra-day low of 121.60 at 11:07am on low volume and then bounced ahead of lunchtime on low volume, eventually returning back to 122 by 2pm on low volume. AAPL clung to 122 again for the remainder of the afternoon and dipped below 122 into the close on moderate volume. AAPL ended the day up 6 cents at 121.94 and dropped a dime in after-hours to 121.84.
This morning in pre-market, AAPL picked up with yesterday's close and stayed tight to the 122-line again, perking up to a peak of 122.25 later in the morning before getting magnetized back towards 122. AAPL is currently up 2 cents at 121.96 as we approach the open.
Classic max-pain is 120. Today is OPEX. Have a good weekend with your friends and family.
Alphabet posts strong revenue growth, higher taxes hit earnings:
http://www.reuters.com/article/us-alphabet-results-idUSKBN15A2YQ
Data center growth drives Intel's 4th quarter revenue, profit beat:
http://www.reuters.com/article/us-intel-results-idUSKBN15A2YC
Starbucks says crowded stores turned off customers:
http://www.usatoday.com/story/money/business/2017/01/26/starbucks-posts-disappointing-sales-growth/97106130/
Alibaba is buying MoneyGram International:
http://fortune.com/2017/01/26/alibaba-moneygram/
Is Apple out of the woods?
http://www.zdnet.com/article/is-apple-out-of-the-woods/
Microsoft's Windows business helps power its Q2 FY17:
http://www.zdnet.com/article/microsofts-windows-business-helps-power-its-q2-fy17/
Nvidia is rolling out a software upgrade to its Shield TV 2015 set-top box:
http://www.digitaltrends.com/computing/nvidia-shield-tv-2015-updated-nougat/
Claim made for hydrogen "wonder material":
http://www.bbc.com/news/science-environment-38768683
The upside and downside of D-Wave's new quantum computer:
https://arstechnica.com/science/2017/01/explaining-the-upside-and-downside-of-d-waves-new-quantum-computer/
Doomsday Clock moves closer to midnight:
https://www.washingtonpost.com/news/morning-mix/wp/2017/01/27/the-history-of-the-doomsday-clock-as-it-moves-closer-to-midnight/?utm_term=.d47a83df3d4e
The universe is expanding surprisingly fast:
http://www.space.com/35459-universe-expanding-faster-hubble-constant.html
China's moon-sampling mission targeted for November:
http://www.space.com/35472-china-moon-sample-return-mission-november.html
Scientists create a chimera embryo, part-human, part-pig:
https://www.washingtonpost.com/news/speaking-of-science/wp/2017/01/26/scientists-create-a-part-human-part-pig-embryo-raising-the-possibility-of-interspecies-organ-transplants/?utm_term=.566074f41097
Al Gore revives suddenly canceled CDC climate change summit:
http://www.upi.com/Top_News/US/2017/01/27/Al-Gore-revives-suddenly-cancelled-CDC-climate-change-summit/1831485505960/
Students nearly died after being given equivalent of 300 cups of coffee by university:
http://www.sfgate.com/news/article/Students-nearly-killed-after-given-equivalent-of-10887147.php
Doctors save Canadian woman's life by removing her lungs for 6 days:
https://www.theguardian.com/world/2017/jan/25/canada-doctors-remove-lungs-transplant
Little girls believe brilliance is a male trait:
https://www.theguardian.com/education/2017/jan/26/girls-believe-brilliance-is-a-male-trait-research-into-gender-stereotypes-shows
Today's Economic Calendar:
8:30 GDP Q4
8:30 Durable Goods
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
Notable earnings this afternoon after the bell: NCZ
And on Monday before the open: TGCDF