Apple Today 4/06/2017 (AAPL)
seymour_greenz • April 6th 2017 10:56:01 AM
Good Morning,
S&P Futures are up 2 with -1 Fair Value, NASDAQ Futures are up 7 with +3 Fair Value and Dow Futures are up 21 on this Thursday busy with economic data after a see-saw session yesterday. The Dow soared almost 200 points, or 1%, after strong private sector jobs data, but markets dropped back down sharply after Fed minutes indicated pending changes to the central bank's balance sheet for later in the year. Bitcoin prices topped 1175 this morning in a 3% gain.
This morning's Economic Calendar includes: Chain Store Sales, Challenger Job-Cut Report, Initial Jobless Claims, Gallup Good Jobs Rate, Bloomberg Consumer Comfort Index and EIA Natural Gas Inventory
followed by Fed Balance Sheet and Money Supply this afternoon.
The earnings winners are: Constellation Brands, Inc. (STZ), up nearly 5.5%, Bed Bath & Beyond Inc. (BBBY), up over 3% and CarMax Group (KMX), up nearly 2.5%.
Futures were down sharply in early morning, scraped lows shortly before 1:30am, then recovered into positive territory later in the morning and are near the highs as we approach the open.
Asian markets ended mostly down. China gained 0.33%, Hong Kong went down 0.52% and Japan dropped 1.40%. European markets are also mostly down. The UK is down 0.41%, Germany is down 0.18% and France is up 0.36%.
Commodities are mixed this morning. Oil is up 0.63%, natural gas is down 0.73% and gold is up 0.35%. Unleaded gas is up 0.07% and heating oil is up 0.56%. Metals are up except platinum. Meats are up. Coffee, cotton, corn, wheat and soybeans are up while cocoa is down.
US weekly jobless claims post largest drop in almost 2 years.
Bed Bath & Beyond Inc. (BBBY) reported Q4 results yesterday afternoon with profit of $1.84 per share that beat expectations and is up over 3% in pre-market.
Constellation Brands, Inc. (STZ) announced Q4 results this morning with adjusted earnings of $1.48 per share that beat expectations and is up nearly 5.5% in pre-market. CarMax Group (KMX) reported Q4 results with net income of 81 cents per share that beat expectations and is up nearly 2.5%.
This afternoon after the bell, look out for earnings from NQ Mobile Inc. (NQ), Ruby Tuesday, Inc. (RT) and WD-40 Company (WDFC).
A leading Bullish F trade strategy is: When the 15 SMA is Below the 18 SMA, daily bars AND the 39 Day Stochastics is Bearish, daily bars.
The AAPL mountain peaked at mid-145 yesterday, ending down 0.52% on moderate volume. AAPL opened at 144.22 to high volume and marched up to the mid-145 area by 11am on moderate volume. AAPL held the mid-145 area in a narrow range through the afternoon until 2:30pm when the Fed minutes triggered a slide to 144 on moderate volume with little bounce, if any. AAPL ended the day down 75 cents at 144.02 and dropped 50 more cents in after-hours to 143.52.
This morning in pre-market, AAPL opened lower in conjunction with Futures, scraped a low of 143.55 and then fought back to positive territory alongside Citi maintaining AAPL coverage with a Buy and $160 Target. AAPL is currently up 36 cents at 144.38 as we approach the open.
Classic max-pain is 142.
US weekly jobless claims post largest drop in almost 2 years:
http://www.reuters.com/article/us-usa-economy-idUSKBN1781JE
iPhone 8 concept shows how Apple could celebrate 10th anniversary:
http://www.valuewalk.com/2017/04/iphone-8-concept-10-anniversary/
Amazon takes voice battle with Apple TV outside US:
https://www.bloomberg.com/news/articles/2017-04-06/amazon-takes-voice-battle-with-apple-tv-outside-u-s
Amazon says it will hire 30,000 part-time workers over the next year:
https://www.usatoday.com/story/tech/news/2017/04/06/amazon-says-hire-30k-part-time-workers-over-next-year/100112980/
10 important things to know before signing up for YouTube TV:
http://www.theverge.com/2017/4/5/15194374/youtube-tv-live-streaming-10-important-things-to-know
Google's machine learning chip is up to 30x faster, 80x more efficient than CPUs and GPUs:
http://www.tomshardware.com/news/google-tpu-comparison-haswell-k80,34069.html
Microsoft reveals its final Xbox Project Scorpio specs:
http://www.theverge.com/2017/4/6/15204264/project-scorpio-specifications-microsoft-xbox
You can change the Galaxy S8's Bixby button to whatever app you want:
http://www.theverge.com/circuitbreaker/2017/4/6/15205238/samsung-galaxy-s8-bixby-button-remap
Jeff Bezos says he's selling $1 billion a year in Amazon stock to finance race to space:
https://www.nytimes.com/2017/04/05/science/blue-origin-rocket-jeff-bezos-amazon-stock.html
Photographing a black hole:
http://www.space.com/36360-black-hole-image-event-horizon-telescope.html
Epic Cassini Saturn mission begins grand finale this month:
http://www.space.com/36351-cassini-saturn-mission-grand-finale-titan.html
How artificial life spawned a billion-dollar industry:
http://www.reuters.com/article/us-science-life-synthetic-investment-idUSKBN178168
Here's the caloric content of humans:
https://arstechnica.com/science/2017/04/counting-calories-of-going-cannibal-on-a-paleo-diet-human-flesh-is-just-meh/
How does your state rank in the stress test?
https://www.usnews.com/news/best-states/articles/2017-04-05/alabama-is-the-most-stressed-state
Smoking causes 1 in 10 deaths globally, major new study reveals:
https://www.theguardian.com/society/2017/apr/05/smoking-causes-one-in-ten-deaths-globally-major-new-study-reveals
Today's Economic Calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
4:30 Money Supply
4:30 Fed Balance Sheet
Notable earnings this afternoon after the bell: *NQ*, PSMT, *RT*, *WDFC*
And tomorrow before the open: CAS