Apple Today 2/03/2017 (AAPL)
seymour_greenz • February 3rd 2017 11:35:59 AM
Good Morning,
S&P Futures are up 7 with +6 Fair Value, NASDAQ Futures are up 7 with -6 Fair Value and Dow Futures are up 67 as we wrap up the first full week of February while the US economy added 227,000 new jobs in January.
This morning's Economic Calendar includes: Non-farm payrolls, Fed's Evans speech, PMI Services Index, Factory Orders and ISM Non-Manufacturing Index followed by Baker-Hughes Rig Count this afternoon.
The earnings winners are Visa Inc., up over 4.5% and Cypress Semiconductor Corporation (CY), up nearly 4%. On the other hand, FireEye, Inc. (FEYE) is down over 18% and athenahealth, Inc. (ATHN) is down nearly 10.5%.
Futures were down in early morning and turned positive shortly after 2am and continued upwards through the morning, gaining a sharp pop on the jobs numbers at 8:30am and are at the highs as we approach the open.
Asian markets ended mostly down. China dropped 0.60%, Hong Kong went down 0.24%, and Japan went up 0.02%. European markets are up. The UK is up 0.69%, Germany is up 0.35% and France is leading the advance, up 1.01%.
Commodities are mixed this morning. Oil is up 0.49%, natural gas is down 3.80% and gold is down 0.25%. Unleaded gas is down 0.31% and heating oil is up 0.05%. Metals are down except silver. Meats are up. Coffee, cotton and soybeans are up while cocoa, corn and wheat are down.
US employers added 227,000 workers in January. Dodd-Frank in crosshairs. Gold demand rises to 3-year high on political upheaval.
Amazon.com, Inc. (AMZN) reported mixed Q4 results that missed expectations with a revenue miss and lower than expected guidance and is down over 4% in pre-market. Visa Inc. (V) announced Q1 results with earnings of 86 cents per share that beat expectations and is up over 4.5%. Chipotle Mexican Grill, Inc. (CMG) is up nearly 1% after reporting Q4 earnings of 54 cents per share. FireEye, Inc. (FEYE) announced Q4 results with an adjusted loss of 3 cents per share and is down over 18%. Cypress Semiconductor Corporation (CY) reported a Q4 loss with adjusted earnings of 22 cents per share that beat expectations and is up nearly 4%. athenahealth, Inc. (ATHN) announced Q4 results with adjusted earnings of 62 cents per share and is down nearly 10.5%.
Phillips 66 (PSX) reported Q4 results with adjusted earnings of 16 cents per share that missed expectations and is down nearly 2% in pre-market. The Hershey Company (HSY) announced Q4 results that beat estimates and is down over 0.5%. The Clorox Company (CLX) is up nearly 2% after reporting strong Q2 results.
Monday morning before the open, look out for earnings from Hasbro Inc (HAS), Loews Corp (L) and Tyson Foods, Inc. (TSN).
A leading bullish HAS swing trade strategy is: When the 16 EMA is Below the 19 SMA AND the 30 Day Stochastics is Bearish, daily bars.
AAPL bounced on the 128 water line and ended down 0.17% on higher than average volume. AAPL opened lower at 127.99 to high volume and quickly bounced up to an intra-day high of 129.39 at 9:44am on strong volume before dropping back towards the 128 area and setting an intra-day low of 127.78 at 12:11am during lunchtime. AAPL subsequently bounced back into the lower-128 area on mild volume and tested 128 again at 2:30pm before recovering mid-128 into the close on moderate volume. AAPL ended the day down 22 cents at 128.53 and lost an additional 49 cents in after-hours to 128.04.
This morning in pre-market, AAPL picked up with yesterday's close in the mid-128 area and dipped to the low-128 area later in the morning before popping up to a pre-market high of 128.68 at 8:51am and settling back towards mid-128. AAPL is currently down 9 cents at 128.44 as we approach the open.
Classic max-pain is 123. Today is OPEX. Have a good weekend with your friends and family.
US employers added 227,000 workers in January:
https://www.nytimes.com/2017/02/03/business/economy/unemployment-jobs-report-hiring.html
Dodd-Frank in crosshairs:
http://www.npr.org/2017/02/03/513224023/trump-to-take-aim-at-dodd-frank-investor-protections-rule-in-executive-action
Gold demand rises to 3-year high on political upheaval:
https://www.bloomberg.com/news/articles/2017-02-03/gold-demand-rises-to-three-year-high-on-political-upheaval
Macy's shares up after being halted amid takeover rumor:
https://www.nytimes.com/aponline/2017/02/03/business/ap-us-macys-stock.html
iPhone 7 sales helped Apple reclaim the top spot in the global smartphone market:
https://techcrunch.com/2017/02/01/iphone-7-sales-helped-apple-reclaim-the-top-spot-in-the-global-smartphone-market/
Wistron plant in Indian tech hub solely for iPhone:
http://in.reuters.com/article/india-apple-idINKBN15H2NU
Snap commits $2 billion over 5 years for Google Cloud infrastructure:
https://techcrunch.com/2017/02/02/snap-commits-2-billion-over-5-years-for-google-cloud-infrastructure/
Is Amazon Web Services the secret to future success?
https://www.theguardian.com/technology/2017/feb/02/amazon-web-services-the-secret-to-the-online-retailers-future-success
Electric cars and cheap solar could halt fossil fuel growth by 2020:
https://www.theguardian.com/environment/2017/feb/02/electric-cars-cheap-solar-power-halt-fossil-fuel-growth-2020
New FCC boss could have a lasting effect on the internet:
http://www.businessinsider.com/ajit-pai-fcc-net-neutrality-trump-what-to-expect-2017-2
Snap's IPO to be haunted by Twitter and GoPro:
https://www.bloomberg.com/news/articles/2017-02-03/snap-s-ipo-to-be-haunted-by-twitter-and-gopro
Firefox OS is dead:
http://www.zdnet.com/article/firefox-os-is-dead-mozilla-kills-off-open-source-iot-project-with-50-layoffs/
What can a Martian meteorite tell us about volcanism on the Red Planet?
http://www.csmonitor.com/Science/Spacebound/2017/0202/What-can-a-Martian-meteorite-tell-us-about-volcanism-on-the-Red-Planet
Tiny sailing probes could orbit nearby exoplanet:
http://www.space.com/35549-proxima-centauri-mission-solar-sail.html
Quantum computing breakthrough could help change life completely, say scientists:
http://www.independent.co.uk/news/science/quantum-computers-quantum-physics-sussex-university-holy-grail-a7558036.html
"Bat Bot" takes flight:
http://www.pbs.org/newshour/rundown/bat-bot-takes-flight/
To save lives, WHO wants global focus on catching cancer early:
http://www.reuters.com/article/us-health-cancer-who-idUSKBN15I1UO?feedType=RSS&feedName=healthNews
Chemical burns from laundry detergent packets on the rise:
https://www.aol.com/article/lifestyle/2017/02/03/chemical-burns-from-laundry-detergent-packets-on-the-rise/21706498/
Animal study shows new Zika vaccine effectively protects with a single dose:
http://www.techtimes.com/articles/195878/20170203/animal-study-shows-new-zika-vaccine-effectively-protects-with-a-single-dose.htm
Not getting enough sleep? Camping in February might help:
http://www.npr.org/sections/health-shots/2017/02/02/513060769/not-getting-enough-sleep-camping-in-february-might-help
Crunch... crunch... crunch... oh, do you have misophonia?
http://www.bbc.com/news/health-38842561
Today's Economic Calendar:
8:30 Non-farm payrolls
9:15 Fed's Evans speech
9:45 PMI Services Index
10:00 Factory Orders
10:00 ISM Non-Manufacturing Index
1:00 PM Baker-Hughes Rig Count
Notable earnings this afternoon after the bell: AEMD, ASYS, AI, ATW, BEBE, CEB, EPM, LPTH, NLS, RGCO, RRTS, SEV, SYUT,
And on Monday before the open: APFH, AMSC, ACAT, BWP, BKD, CYOU, CNA, DO, FGL, FFWM, GFN, *HAS*, IESC, IRMD, *L*, MTRX, MCY, NSSC, NWL, NAT, SALT, SYY, *TSN*, WEX