Apple Today 2/14/2017 V-Day (AAPL)
seymour_greenz • February 14th 2017 12:17:03 PM
Good Morning,
S&P Futures are down 1 with -1 Fair Value, NASDAQ Futures are down 2 with -1 Fair Value and Dow Futures are down 3 on this initially flat start to Tuesday as Janet Yellen prepares to give a semi-annual testimony to the US Senate at 10am that could affect the markets.
This morning's Economic Calendar includes: NFIB Small Business Optimism Index, Producer Price Index, Fed's Lacker speech, Redbook Chain Store Sales, semi-annual testimony from Yellen followed by Fed's Kaplan: Monetary Policy this afternoon.
The earnings winners are: RetailMeNot, Inc. (SALE), up over 15.5% and GigPeak, Inc. (GIG), up nearly 13%. On the other hand Vonage Holdings Corp. (VG) is down over 6.5%, NetSol Technologies Inc. (NTWK) is down over 7% and Tata Motors Limited (TTM) is down 7%.
Futures were down in early morning yet managed to reclaim positive territory later in the morning and is off the highs as we approach the open.
Asian markets ended mostly down. China went up 0.03%, Hong Kong went down 0.03%, and Japan dropped 1.13%. European markets are mostly up. The UK is up 0.04%, Germany is down 0.06% and France is up 0.07%.
Commodities are mixed this morning. Oil is up 0.68%, natural gas is down 1.26% and gold is up 0.65%. Unleaded gas is up 1.11% and heating oil is up 0.74%. Metals are up except copper. Meats are down. Cocoa and coffee are up while cotton, corn, wheat and soybeans are down.
Yellen says Congress should focus on Economy's productivity. UK inflation rate rises less than expected, stays below 2%.
GigPeak, Inc. (GIG) reported Q4 results yesterday afternoon with adjusted earnings of 5 cents per share that met expectations and is up nearly 13% in pre-market. Flowers Foods, Inc. (FLO) announced Q4 results with adjusted earnings of 16 cents per share that met expectations and is down nearly 3.5%. Rent-A-Center Inc. (RCII) reported Q4 results and is down over 5.5%.
T-Mobile US, Inc. (TMUS) reported Q4 results this morning with profit of 45 cents per share that beat expectations and is down nearly 0.5% in pre-market. Vonage Holdings Corp. (VG) announced Q4 results with adjusted earnings of 3 cents per share that missed expectations and is down over 6.5%. Credit Suisse Group AG (CS) reported Q4 results and is up over 0.5%. RetailMeNot, Inc. (SALE) announced Q4 results with adjusted earnings of 37 cents per share that beat expectations and is up over 15.5%. Molson Coors Brewing Company (TAP) reported Q4 results with adjusted earnings of 46 cents per share and is down over 2.5%. Dr Pepper Snapple Group, Inc. (DPS) announced Q4 results with adjusted earnings of $1.04 per share that missed expectations and is down nearly 3%. Tata Motors Limited (TTM) is down 7% after reporting a 97% drop in sales of luxury brand Jaguar and Land Rover. Diebold Inc. (DBD) reported a Q4 loss with adjusted earnings of 32 cents per share that missed expectations and is down over 1.5%. NetSol Technologies Inc. (NTWK) is down over 7% after reporting Q2 results that missed expectations. Discovery Communications, Inc (DISCA) announced and is down nearly 0.5%.
This afternoon after the bell, look out for earnings from Tanger Factory Outlet Centers, Inc. (SKT), HubSpot, Inc. (HUBS), LendingClub Corporation (LC), American International Group Inc (AIG), MoneyGram International, Inc. (MGI), Agilent Technologies Inc. (A), Devon Energy Corporation (DVN), Express Scripts, Inc. (ESRX), Fossil, Inc. (FOSL), Potbelly Corporation (PBPB), Chimera Investment Corporation (CIM) and Caesars Entertainment (CZR).
Tomorrow morning before the open, Wyndham Worldwide Corporation (WYN), Wix.com (WIX), PepsiCo Inc. (PEP), Groupon, Inc. (GRPN), Analog Devices Inc. (ADI), SodaStream International (SODA), Angie's List, Inc. (ANGI) and Hilton Worldwide Holdings (HLT) are expected to report.
A leading Bullish ESRX swing trade strategy is: When the 11 DEMA is Above the 15 DEMA AND the 15 Day Smoothed Stochastics is Bullish, daily bars.
AAPL took off like a rocket yesterday, ending up 89% on low volume. AAPL opened at 133.08 to high volume and immediately set an intra-day low of 132.75 before soaring up to all-time highs of 133.82 at 9:44am on relatively strong volume. AAPL then dipped back into the low-133 area just after 11am on low volume before popping up again and "cut off" just below the day's highs during lunchtime on low volume. Prevented from moving higher, AAPL sold off again back to the low-133 area in the afternoon on low volume with a failed attempt to hold mid-133 on low volume ahead of the close followed by a moderate volume dip into the close. In the end, AAPL ended the day up $1.17 at 133.29 and gained another 10 cents in after-hours to 133.39.
This morning in pre-market, AAPL opened up higher and held the mid-133 zone on an early morning upgrade from Vetr Inc. to Buy and a 138.77 price target before dipping from all-time highs back into the low-133 area ahead of the open. AAPL is currently down 22 cents at 133.07 as we approach the open.
Classic max-pain is 130.
Yellen says Congress should focus on Economy's productivity:
https://www.nytimes.com/2017/02/14/business/economy/federal-reserve-janet-yellen-congress.html
UK inflation rate rises less than expected, stays below 2%:
https://www.bloomberg.com/news/articles/2017-02-14/u-k-inflation-accelerates-less-than-expected-stays-below-2
Mexico pivots away from US:
http://money.cnn.com/2017/02/14/news/economy/mexico-is-turning-away-from-us/
T-Mobile US quarterly revenue, profit beat estimates:
http://www.reuters.com/article/us-t-mobile-us-results-idUSKBN15T1KF
Aetna and Humana are scrapping their planned $34 billion merger:
http://fortune.com/2017/02/14/aetna-humana-merger-agreement-termination/
Toshiba "still developing" Moorside nuclear plant:
http://www.bbc.com/news/uk-england-cumbria-38967305
Apple shares hit all-time high as hype builds up for next iPhone:
http://www.techtimes.com/articles/197356/20170213/apple-shares-hit-all-time-high-as-hype-builds-up-for-next-iphone.htm
Are big changes coming to iPhone?
http://fortune.com/2017/02/14/apple-display-patent/
They quit Google's car project because the company paid them too much:
https://www.bloomberg.com/news/articles/2017-02-13/one-reason-staffers-quit-google-s-car-project-the-company-paid-them-so-much
Watch Drive.ai's car drive itself on a dark, rainy night:
https://www.cnet.com/roadshow/news/watch-drive-ais-car-drive-itself-on-a-dark-rainy-night/
Iron Age potters accidentally recorded Earth's magnetic field:
http://www.npr.org/sections/thetwo-way/2017/02/14/515032512/iron-age-potters-carefully-recorded-earths-magnetic-field-by-accident
The world's sea ice is melting at record levels as temperatures soar:
http://www.independent.co.uk/environment/antarctic-arctic-sea-ice-melting-historic-new-low-temperatures-soar-a7579351.html
NASA preparing mission to send lander to Europa:
http://www.independent.co.uk/news/science/nasa-europa-jupiter-aliens-find-rover-saturn-report-science-goals-humanity-a7578161.html
Scientists find a "Super-Earth" among 60 new neighbouring planets:
http://www.huffingtonpost.co.uk/entry/scientists-super-earth-among-60-new-planets-discovered-near-earth_uk_58a2dbf6e4b0ab2d2b18a58c
Human embryo editing gets approved, just no "superbabies":
https://www.wired.com/2017/02/human-embryo-editing-gets-ok-no-superbabies/
Lower back pain is like catching a cold:
https://arstechnica.com/science/2017/02/doctors-lower-back-pain-is-like-a-cold-minor-annoying-and-temporary/
Shoveling snow can increase heart attack risk in men:
http://www.techtimes.com/articles/197334/20170213/shoveling-snow-can-increase-heart-attack-risk-in-men.htm
Eat less... live longer!
http://www.huffingtonpost.co.uk/entry/eat-less-slow-ageing-study_uk_58a2d776e4b03df370d9c960
Today's Economic Calendar:
6:00 NFIB Small Business Optimism Index
8:30 Producer Price Index
8:50 Fed's Lacker speech
8:55 Redbook Chain Store Sales
10:00 Yellen delivers semi-annual testimony
1:00 PM Fed's Kaplan: Monetary Policy
Notable earnings this afternoon after the bell: LPTH, OMI, AKR, CALX, CIDM, NRCIB, RPXC, *SKT*, GHDX, *HUBS*, KEYUF, TTGT, INT, *LC*, *AIG*, HE, LXFT, *MGI*, TRUP, CPAC, FANG, *A*, AAT, BXMT, BYD, CAI, CLLDF, DIOD, *DVN*, ESNC, *ESRX*, *FOSL*, FSP, IOSP, NOA, PALAF, *PBPB*, RPAI, RSSS, VDSI, ENLK, ASGN, *CIM*, PAAS, CCS, ECOL, PRTA, *CZR*, MASI, CLIR, TIS, KRNT, SEV, VNOM, HIVE, IOTS, NBIX, SEDG, SMI, CBAUF, WFAFF, HOLI, IVTY, SMSMY
And tomorrow before the open: CGEN, CPXGF, CRWS, *WYN*, *WIX*, BG, HUN, OZM, *PEP*, *GRPN*, ADHD, *ADI*, DX, FUN, WMB, ALE, CBB, ETR, KNOP, *SODA*, *ANGI*, DNOW, PLAB, CPSS, LAD, ALKS, TRGP, *HLT*, AIQUF, CIGI, SONS, SHOP, MHG, MAMS, ELOS, CRARY, CRNT, MFS, AGESF, DANOY, HEINY, KJWNF, KVAEF, SHLAF, USFD