Apple Today 3/30/2017 (AAPL)
seymour_greenz • March 30th 2017 11:19:34 AM
Good Morning,
S&P Futures are down 1 with -2 Fair Value, NASDAQ Futures are down 3 with +2 Fair Value and Dow Futures are down 11 on this Thursday with an overstuffed economic calendar as we enter the March home stretch. Jeff Bezos officially became the 2nd richest person on the planet, Lululemon Athletica Inc. (LULU) is down over 21% on a weak outlook and Bitcoin is rangebound in the 1030 to 1050 area.
This morning's busy Economic Calendar includes: GDP Q4, Initial Jobless Claims, Corporate Profits, Bloomberg Consumer Comfort Index, Fed's Mester Speech, EIA Natural Gas Inventory and Fed's Kaplan Speech followed by Farm Prices, Money Supply, Fed Balance Sheet, Fed's Dudley: "The Importance of Financial Conditions in the Conduct of Monetary Policy".
No earnings winner. On the other hand, Lululemon Athletica Inc. (LULU) is down over 21%
Futures were up in early morning, peaked shortly before 1am and then slipped sharply into negative territory after 4:30am to lows shortly after 7am and have bounced since off the lows as we approach the open.
Asian markets ended down. Hong Kong went down 0.37%, Japan dropped 0.80% and China led the decline, down 0.96%. European markets are mixed. The UK is down 0.12%, Germany is up 0.06% and France is up 0.08%.
Commodities are mixed this morning. Oil is up 0.65%, natural gas is down 1.64% and gold is down 0.57%. Unleaded gas is up 0.60% and heating oil is up 0.38%. Metals are down except platinum. Meats are up. Cocoa and cotton are up while coffee, corn, wheat and soybeans are down.
Q4 economic growth revised higher, boosted by consumer spending. Weekly jobless claims fall less than expected.
Lululemon Athletica Inc. (LULU) reported Q4 results yesterday afternoon with adjusted earnings of $1 per share that missed expectations alongside a weak outlook and is down over 21% in pre-market.
Tomorrow morning before the open, BlackBerry Ltd. (BBRY) is expected to report.
A leading Bullish ATVI trade strategy is: When the 18 SMA is Above the 19 SMA AND the 5 Day Smoothed Stochastics is Bullish, daily bars.
AAPL set over the 144-horizon yesterday, ending up 0.22% on average volume. AAPL opened at 143.68 to high volume and dipped to a low of 143.19 at 9:48am on high volume before bouncing back to the upper-143 area ahead of 11am on moderate volume and then picking up above 144 in the afternoon, reaching an intra-day high of 144.49 at 3:22pm on mild volume before slipping towards 144 into the close on strong volume. AAPL ended the day up 32 cents at 144.12 and gained 13 more cents in after-hours to 144.25.
This morning in pre-market, AAPL opened up higher in conjunction with Futures and hit a pre-market high of 144.50 before drifting down to the low-144 area. AAPL is currently up 18 cents at 144.30 as we approach the open.
Classic max-pain is 141.
Q4 economic growth revised higher, boosted by consumer spending:
http://www.reuters.com/article/us-usa-economy-gdp-idUSKBN1711MX
Weekly jobless claims fall less than expected:
http://www.reuters.com/article/us-usa-economy-unemployment-idUSKBN1711NS
Bezos displaces Buffett as the world's 2nd richest person:
http://fortune.com/2017/03/30/jeff-bezos-amazon-second-richest/
Will Apple move Touch ID to the back?
https://9to5mac.com/2017/03/29/opinion-iphone-8-touch-id-sensor-rear-of-iphone/
Amazon to close unprofitable Quidsi, parent of Diapers.com:
http://www.upi.com/Top_News/US/2017/03/30/Amazon-to-close-unprofitable-Quidsi-parent-of-Diaperscom/8071490875392/
Tesla deal boosts Chinese presence in US auto tech:
http://www.reuters.com/article/tesla-stake-tencent-holdings-idUSL2N1H620Q
Self-driving Uber software behaved like a human before crashing, suggests eye-witness:
http://www.independent.co.uk/life-style/gadgets-and-tech/news/self-driving-uber-software-arizona-taxi-crash-road-witness-traffic-light-yellow-a7657916.html
SpaceX will try to reuse a rocket today:
http://www.popularmechanics.com/space/rockets/a25864/spacex-refly-rocket/
NASA's $1 billion Juno mission starts unraveling Jupiter's secrets with breathtaking new images:
http://www.techtimes.com/articles/203470/20170330/nasa-s-1-billion-juno-mission-starts-unraveling-jupiter-s-secrets-with-these-breathtaking-new-images.htm
Scientists discover new dinosaur evolved by anagenesis:
http://www.upi.com/Science_News/2017/03/30/Scientists-discover-new-dinosaur-evolved-by-anagenesis/7461490880589/
New thoughts on the "Neanderthal aesthetic":
http://www.archaeology.org/news/5413-170329-neanderthal-raven-bone
Cats love you more than you think:
https://www.theguardian.com/commentisfree/2017/mar/29/cats-feline-pets-loyal-human-company
Playing Tetris can reduce onset of PTSD after trauma, study shows:
http://www.cnn.com/2017/03/29/health/ptsd-tetris-computer-games-trnd/
Marathons injure kidneys:
https://www.theatlantic.com/health/archive/2017/03/marathon-kidneys/520962/
Stem cell breakthroughs excite scientists:
https://guardian.ng/features/stem-cell-breakthroughs-excite-scientists/
Yale University students create what they believe is the ultimate hangover cure:
https://www.aol.com/article/news/2017/03/30/yale-university-students-create-what-they-believe-is-the-ultimat/22018321/
McDonald's will start using fresh beef for its Quarter Pounders in a year:
http://www.usatoday.com/story/money/business/2017/03/30/quarter-pounders-fresh-beef-mid-2018/99816234/
Today's Economic Calendar:
8:30 GDP Q4
8:30 Initial Jobless Claims
8:30 Corporate Profits
9:45 Bloomberg Consumer Comfort Index
9:45 Fed's Mester Speech
10:30 EIA Natural Gas Inventory
11:00 Fed's Kaplan Speech
3:00 Farm Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
4:30 PM Fed's Dudley: "The Importance of Financial Conditions in the Conduct of Monetary Policy"
Notable earnings this afternoon after the bell: UQM, DRNA, WYY, IWSY, RESN, AEHR, BRFH, CVV, MARA, MARK, PFSCF, PRKR, FC, EGLE, DDEJF, FH, LNGLF, SRAX
And tomorrow before the open: SFUN, MTBC, SORL, *BBRY*, ARTW, MICT, QRHC, WCST