Apple Today 4/26/2017 (AAPL)
seymour_greenz • April 26th 2017 01:17:27 PM
Good Morning,
S&P Futures are up 1 with +1 Fair Value, NASDAQ Futures are up 3 with +5 Fair Value and Dow Futures are up 14 as we reach "tax plan day" and the mother lode of earnings. Techwise, Twitter (TWTR) showed user growth amid a revenue drop and is up over 9%. The price of Bitcoin is near 1,285, striking distance to the all-time highs of 1,290+ from early March.
This morning's Economic Calendar includes: MBA Mortgage Applications and EIA Petroleum Inventories followed by Results of $15B, 2-Year FRN Auction and Results of $34B, 5-Year Note Auction this afternoon.
The earnings winners are: Edwards Lifesciences Corp (EW), up nearly 10% and Twitter, Inc. (TWTR), up over 9%.
On the other hand, United States Steel Corporation (X) is down nearly 20.5% and Seagate Technology (STX) is down over 9%.
Futures were flat in early morning, have since been bouncing in a narrow range from green to red and back again and are near the highs as we approach the open.
Asian markets ended up. China went up 0.20%, Hong Kong gained 0.50% and Japan led the advance, up 1.10%. European markets are down slightly. Germany is down 0.04%, France is down 0.03% and the UK is leading the decline, down 0.11%.
Commodities are mixed this morning. Oil is down 0.95%, natural gas is up 0.95% and gold is down 0.28%. Unleaded gas is down 1.60% and heating oil is down 1.01%. Metals are down except copper. Meats are up. Cocoa and wheat are up while, cotton, corn, and soybeans are down. Coffee is flat.
Big-league tax cut coming? Oil prices rise after big draw in US crude inventories.
Panera Bread Company (PNRA) reported Q1 results yesterday afternoon with adjusted earnings of $1.83 per share and is down slightly in pre-market. iRobot Corporation (IRBT) announced Q1 results with adjusted earnings of 52 cents per share that beat expectations and is up nearly 10%. Acadia Healthcare Co. (ACHC) reported Q1 results with adjusted earnings of 46 cents per share that beat expectations and has yet to react. Discover Financial Services (DFS) announced Q1 results with net income of $1.43 that beat expectations and has yet to react. Chipotle Mexican Grill, Inc. (CMG) reported Q1 results that beat expectations and is up over 0.5%. Capital One Financial Corporation (COF) announced Q1 results with adjusted earnings of $1.75 per share that missed expectations and is down nearly 4%. Cree, Inc. (CREE) reported a Q3 loss with adjusted earnings of 1 cent per share and is down nearly 9.5%. Edwards Lifesciences Corp (EW) announced Q1 results with adjusted earnings of 94 cents per share that beat expectations and is up nearly 10%. AT&T Inc. (T) reported Q1 results with mixed results and is up slightly. United States Steel Corporation (X) announced Q1 results that missed expectations and is down nearly 20.5%. Logitech International S.A. (LOGI) reported Q4 results with adjusted earnings of 21 cents per share that beat expectations and is up over 7.5%. Shutterfly, Inc. (SFLY) reported a Q1 results with an adjusted loss of 84 cents per share that beat expectations and has yet to react. Texas Instruments Inc. (TXN) announced Q1 results with adjusted earnings of 89 cents per share that beat expectations and is down nearly 0.5%. Juniper Networks (JNPR) reported Q1 results with adjusted earnings of 46 cents per share that beat expectations and is up over 2%.
Ingersoll-Rand plc (IR) reported Q1 results this morning with adjusted earnings of 57 cents per share that beat expectations and is up over 1.5% in pre-market. Wyndham Worldwide Corporation (WYN) announced Q1 results with adjusted earnings of $1.14 per share that beat expectations and has yet to react. Owens Corning (OC) reported Q1 results with adjusted earnings of 85 cents per share that beat expectations and has yet to react. Twitter, Inc. (TWTR) announced Q1 results that beat expectations and is up over 9%. PepsiCo Inc. (PEP) reported Q1 results and is down over 0.5%. Bloomin' Brands (BLMN) announced Q1 results with adjusted earnings of 54 cents per share that beat expectations and has yet to react. Dr Pepper Snapple Group, Inc. (DPS) reported Q1 results with adjusted earnings of $1.01 per share and has yet to react. Six Flags Entertainment Corporation (SIX) announced Q1 results with a loss of 63 cents per share that beat expectations and has yet to react. Waste Management, Inc. (WM) reported Q1 results with adjusted earnings of 66 cents per share that met expectations and is up over 0.5%. Alaska Air Group, Inc. (ALK) announced Q1 results with adjusted earnings of $1.05 per share that beat expectations and is down over 1.5%. Baxter International Inc (BAX) reported Q1 results with adjusted earnings of 58 cents per share that beat expectations and is up nearly 1.5%. The Hershey Company (HSY) announced Q1 results with mixed results and has yet to react. The Procter & Gamble Company (PG) reported Q3 results and with adjusted earnings of 93 cents per share that beat expectations and is down over 0.5%. Avery Dennison Corporation (AVY) announced Q1 results with adjusted earnings of $1.11 per share that beat expectations and has yet to react. The Boeing Company (BA) reported Q1 results with adjusted earnings of $2.01 that beat expectations and is down over 1%. General Dynamics Corporation (GD) announced Q1 results with profit of $2.48 per share that beat expectations and is down over 0.5%. Hess Corporation (HES) reported Q1 results with a loss of $1.07 per share that beat expectations and is up nearly 2%. Nasdaq Inc. (NDAQ) announced Q1 results with adjusted earnings of $1.10 per share that beat expectations and has yet to react. Northrop Grumman Corporation (NOC) reported Q1 results with profit of $3.63 and is up over 1%. Santander Consumer USA Holdings Inc (SC) announced Q1 results with net income of 40 cents per share that beat expectations and has yet to react. State Street Corporation (STT) reported Q1 results with adjusted earnings of $1.21 per share that beat expectations and is up over 0.5%. Thermo Fisher Scientific Inc. (TMO) announced Q1 results with adjusted earnings of $2.08 per share that beat expectations and has yet to react. Seagate Technology (STX) reported Q3 results with adjusted earnings of $1.10 per share that beat expectations alongside a revenue miss and is down over 9%. Credit Suisse Group AG (CS) announced Q1 results with adjusted earnings of 31 cents per share that beat expectations and is up nearly 3%.
This afternoon after the bell, look out for earnings from NETGEAR, Inc. (NTGR), Equifax Inc. (EFX), Forrester Research, Inc. (FORR), Boston Beer Co. (SAM), Extra Space Storage, Inc. (EXR), Blackhawk Network Holdings, Inc. (HAWK), Digimarc Corporation (DMRC), Nutrisystem Inc (NTRI), Citrix Systems, Inc. (CTXS), F5 Networks, Inc. (FFIV), Las Vegas Sands Corp. (LVS), Tractor Supply Company (TSCO), AGNC Investment Corp. (AGNC), Buffalo Wild Wings, Inc. (BWLD), PayPal Holdings, Inc. (PYPL), Cavium Networks, Inc. (CAVM), Cimpress N.V. (CMPR), Legg Mason Inc. (LM) and LG Display Co., Ltd. (LPL).
Tomorrow morning before the open, CME Group Inc. (CME), Nokia Corporation (NOK), MGM Resorts International (MGM), Domino's Pizza, Inc. (DPZ), Iron Mountain Inc. (IRM), Pinnacle Foods (PF), LendingTree, Inc. (TREE), Southwest Airlines Co. (LUV), Under Armour, Inc. Class C (UA), Union Pacific Corporation (UNP), American Airlines Group (AAL), Boston Scientific Corporation (BSX), Comcast Corporation (CMCSA), International Paper Co. (IP), L-3 Communications Holdings Inc. (LLL), Nomura Holdings, Inc. (NMR), Bristol-Myers Squibb Company (BMY), Celgene Corporation (CELG), Dow Chemical Co. (DOW), Ford Motor Company (F), Old Dominion Freight Line, Inc. (ODFL), Potash Corporation of Saskatchewan Inc. (POT), Sirius XM Holdings Inc. (SIRI), Cliffs Natural Resources Inc. (CLF), Deutsche Bank AG (DB), Raytheon Company (RTN), United Parcel Service, Inc. (UPS) and GrubHub Inc. (GRUB) are expected to report.
A leading Bullish F swing trade strategy is: When the 20 SMA is Above the 55 DEMA AND the 23-day Smoothed Stochastics is Bullish, daily bars.
AAPL jumped up like a spider to the upper-144 area, ending up 0.63% on low volume. AAPL opened up at 143.91 to high volume and immediately set an intra-day low of 143.91 on high volume. AAPL moved up through the morning, leveled out into lunchtime and jumped up in the afternoon on low volume peaking in the afternoon just shy of 145 at 144.90 at 3:24 on moderate volume before slipping towards mid-144 into the close on moderate volume. AAPL ended the day up 90 cents at 144.54 and gained 16 more cents in after-hours to 144.48.
This morning in pre-market, AAPL opened higher in conjunction with Futures and hit a pre-market high of 144.90 as Piper Jaffray maintained AAPL coverage with Overweight and a $155 target. AAPL is currently up 2 cents at 144.55 as we approach the open.
Classic max-pain is 142.
Big-league tax cut coming?
http://www.npr.org/2017/04/26/525683530/4-questions-about-trumps-tax-plan
Oil prices rise after big draw in US crude inventories:
http://www.reuters.com/article/us-global-oil-idUSKBN17S03Z
Twitter's business shrinks, but investors see a glimmer of hope:
https://www.nytimes.com/2017/04/26/business/twitter-q1-earnings.html
Credit Suisse will raise $4 billion to address capital concerns:
https://www.nytimes.com/2017/04/26/business/dealbook/credit-suisse-share-sale-earnings.html
Apple offering free classes at all 495 of its stores:
https://www.cnet.com/news/apple-offering-free-classes-at-all-495-of-its-stores/
Uber's "flying cars" will cost as much as your average land fare:
http://www.zdnet.com/article/uber-plans-to-rule-the-skies-by-2020/
Google co-founder Sergey Brin is reportedly building his own secret airship:
http://www.theverge.com/2017/4/25/15429486/google-sergey-brin-secret-airship
Cassini begins death dive into Saturn:
http://www.newsweek.com/cassini-nasa-saturn-space-rings-moons-alien-589997
China and the European Space Agency discuss collaborating on a human outpost on the moon:
http://www.latimes.com/world/la-fg-china-esa-moon-village-20170426-story.html
Baby humpback whales "whisper" to mums to avoid predators:
http://www.bbc.com/news/science-environment-39720454
The lowly wax worm may hold the key to biodegrading plastic:
http://www.npr.org/sections/thetwo-way/2017/04/25/525447206/a-worm-may-hold-the-key-to-biodegrading-plastic
FDA goes after companies illegally selling unproven cancer treatment products:
http://www.techtimes.com/articles/205921/20170426/fda-goes-after-companies-illegally-selling-unproven-cancer-treatment-products.htm
What this doctor is going to do with his $1 million TED prize:
http://www.npr.org/sections/goatsandsoda/2017/04/25/525405868/what-this-doctor-is-going-to-do-with-his-1-million-ted-prize
Saturated fat, your health and what the experts say:
https://www.theguardian.com/science/2017/apr/25/qa-saturated-fat-your-health-and-what-the-experts-say
Today's Economic Calendar:
7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
1:00 PM Results of $15B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction
Notable earnings this afternoon after the bell: AHL, ECHO, MPWR, *NTGR*, SIGI, ALSN, WCN, FWRD, KS, RGC, CDE, CNO, *EFX*, *FORR*, OII, ORLY, SCI, NWE, KN, CSV, NBR, PSA, ASGN, CHE, CSLT, OIS, TYL, HTA, EQIX, *SAM*, SJW, WRE, ESRT, ROG, *EXR*, FIX, *HAWK*, HF, KRA, ROIC, UCTT, AMSF, ATNI, AXTI, CHDN, CSGP, *DMRC*, GMKYY, LMAT, MMLP, QEP, SPOK, TILE, WLL, GG, GIFI, *NTRI*, TORM, WMAR, SSW, ODPVY, CUBI, AWH, BPFH, BRKL, *CTXS*, ESND, FBHS, *FFIV*, GGG, KNX, LSTR, *LVS*, MLNX, NOW, OSBC, PKG, TIS, *TSCO*, LAKE, PACB, *AGNC*, ETH, MKSI, AXS, *BWLD*, CINF, HUBG, OSIS, *PYPL*, UVSP, AF, AVB, BCR, *CAVM*, CMO, *CMPR*, CNMD, CRY, DBOEY, DLB, DRE, KEX, KIM, LARK, LOB, LUNMF, NEU, NGD, SU, TER, UNM, VAR, WHG, XL, XLNX, AMGN, SHOR, VR, *LM*, MAA, FISV, SSNLF, JMP, *LPL*, NUACF, EVBN, TMTNF, IVTY, CRHM, OPGN, CASH
And tomorrow before the open: *CME*, MINI, UFS, USG, ENTG, OAK, AB, ACOR, ALLE, BWA, COR, FAF, KINNF, KKR, MKL, *NOK*, OUTKF, TFIFF, BDRFF, DX, EIG, CBZ, CVI, CVRR, GOV, ICD, IDCC, *MGM*, PATK, RS, SCG, UAN, WST, THRM, ICLR, CTB, FELE, STAY, SUI, CVEO, EXAS, MCS, CWT, TAL, ALKS, CRI, *DPZ*, EME, ESV, FCN, GTLS, HEES, IRDM, *IRM*, LKQ, NEWM, *PF*, SERV, SGC, *TREE*, TRS, VC, AMT, BASFY, NWHM, TV, WPG, STNG, MLFNF, SUBCY, ARGKF, SFE, TRIB, TVPKF, MVIS, CPG, CSTM, CHKP, DST, JCI, KNYJF, LAZ, *LUV*, SILC, *UA*, *UNP*, UTL, *AAL*, ABG, ALLY, BAYZF, CRS, FRME, GLPI, HZO, NORD, ORAN, PCH, PH, POL, PROV, SPG, AOS, *BSX*, *CMCSA*, DSPG, *IP*, JCOUF, *LLL*, NAP, NHTC, *NMR*, NRDEF, NTOIF, RDN, SZCRF, WEX, ABBV, AUO, AVT, BMS, *BMY*, CBG, *CELG*, COLB, DCM, DFT, *DOW*, DVD, EQM, EQT, *F*, FOJCF, GWB, IVZ, LYG, MPLX, MTH, NOV, *ODFL*, PENN, *POT*, PRLB, PSTB, PTEN, SEOJF, *SIRI*, STBZ, STM, WNS, WTBA, YNDX, AEP, ALXN, APD, BBVA, BC, CCMP, *CLF*, CRR, *DB*, DDE, DLX, GLOP, I, LANC, MDP, MMC, MPC, PJC, RTIX, *RTN*, TWODF, *UPS*, WCC, WEIGF, YITYY, CNHI, KT, PX, TGCDF, HP, SRDX, BBW, CTS, DLAKF, *GRUB*, SNBC, GNRC, TMHC, ATTU, TDC, XEL, NVCR, RHHBY, CX, CFFN, EQGP, WKCMF, VCISF, KUKAF, MCRN, CHT, KLBAY, ASAZY, SKFRY, KNCRF, CLZNF, MGP, TLGHF, GMPXF, BGSF, OGZPY, POCEF, VIVO