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Apple Today 12/20/2016 (AAPL)

seymour_greenz • December 20th 2016 10:30:00 AM

Good Morning,

S&P Futures are up 7 with +9 Fair Value, NASDAQ Futures are up 13 with +14 Fair Value and Dow Futures are up 61 on this Tuesday before the Christmas holiday. 12 are dead and almost 50 are injured after a suspected Pakistani refugee ran a truck into crowds at a busy Christmas market in Berlin.

On the economic calendar for this morning is solely Redbook Chain Store Sales.

Surprise, the earnings winner is BlackBerry Ltd. (BBRY), up nearly 2% after reporting a loss while Navistar International Corporation (NAV) also announced a loss but is down nearly 9.5%.

Futures were up slightly in early morning, continued up through the morning and are at the highs as we approach the open.

Asian markets ended mostly down. China dropped 0.49%, Hong Kong went down 0.47% and Japan went up 0.53%. European markets are up. The UK is up 0.35%, Germany is up 0.26% and France is leading the advance, up 0.53%.

Commodities are mixed this morning. Oil is up 0.74%, natural gas is down 1.03% and gold is down 0.95%. Unleaded gas is up 1.02% and heating oil is up 0.42%. Metals are down. Meats are up. Cotton is up while Cocoa, coffee, corn, wheat and soybeans are down.

Dollar hits new 14-year high, Dow sets sights on 20,000.

FactSet Research Systems Inc. (FDS) reported Q1 results with adjusted earnings of $1.75 per share and is down nearly 1.5% in pre-market. Navistar International Corporation (NAV) announced an adjusted Q4 loss of 28 cents per share and is down nearly 9.5%. General Mills, Inc. (GIS) is down over 3.5% after missing Q2 expectations. BlackBerry Ltd. (BBRY) reported Q3 results with a loss and is up nearly 2%. Darden Restaurants, Inc. (DRI) announced Q2 results with profit of 64 cents per share and is down over 3%. CarMax Group (KMX) reported Q3 results with profit of 72 cents per share that topped expectations and is down over 0.5%. Carnival Corporation (CCL) reported Q4 earnings and is up over 0.5%.

This afternoon after the bell, look out for earnings from FedEx Corporation (FDX) and Nike Inc. (NKE).

Tomorrow morning before the open, Actuant Corporation (ATU), Accenture plc (ACN), The Finish Line, Inc. (FINL), Winnebago Industries, Inc. (WGO) and Paychex, Inc. (PAYX) are expected to report.

A leading bullish FDX trade strategy is: When the 6 SMA is Below the 8 EMA AND the 9 day Smoothed Stochastics is Bullish, daily bars.

AAPL came out of its shell and broke 117, ending up 58% on low volume. AAPL opened at 115.80 to high volume and immediately set an intra-day low of 115.75 before shooting up to the upper-116 area by 10am on strong volume. AAPL continued higher on moderate volume and peaked at 117.38 at 11:08am on moderate volume before slipping below 117 on low volume and then making a brief lunch hour comeback on low volume before sliding down to the mid-116 area later in the afternoon on low volume. AAPL ended the day up 67 cents at 116.64 and remained flat in after-hours at 116.64.

This morning in pre-market, AAPL opened lower and dipped to a pre-market low of 116.27 at 5:22am before recovering green and heading towards 117 in conjunction with news of Apple in discussion to manufacture in India. AAPL is currently up 30 cents at 116.94 as we approach the open.


Classic max-pain is 115.


Dollar hits new 14-year high, Dow sets sights on 20,000:
http://www.reuters.com/article/us-global-markets-idUSKBN14903D

Markets eke out gains despite risk concerns over attacks:
https://www.washingtonpost.com/business/asian-stocks-mixed-as-attacks-in-germany-turkey-hike-risks/2016/12/19/6b3c1c3a-c667-11e6-acda-59924caa2450_story.html

Ukraine shows Italy how to do a bailout:
https://www.bloomberg.com/gadfly/articles/2016-12-20/ukraine-shows-italy-how-to-do-a-bailout

BlackBerry boosts 2017 profit forecast on software growth:
https://www.bloomberg.com/news/articles/2016-12-20/blackberry-boosts-2017-forecast-on-software-services-growth

Carnival Corp revenue rises about 6%:
http://www.reuters.com/article/carnival-corp-results-idUSL4N1EF471

Yoplait sales dip, General Mills profit down 9%:
http://www.usatoday.com/story/money/business/2016/12/20/general-mills-profit-falls-9-shares-dip/95646088/

Linde, Praxair agree on outline for 50-50 merger:
http://www.reuters.com/article/us-linde-m-a-praxair-terms-idUSKBN1491FW

Facebook charged with misleading EU over $22 billion WhatsApp takeover:
http://arstechnica.com/tech-policy/2016/12/facebook-whatsapp-european-commission-charges-misleading-merger-claim/

Tim Cook assures employees that Apple is committed to the Mac and that great desktops are coming:
https://techcrunch.com/2016/12/19/apples-tim-cook-assures-employees-that-it-is-committed-to-the-mac-and-that-great-desktops-are-coming/

Google facing FTC scrutiny over privacy again:
https://www.washingtonpost.com/news/the-switch/wp/2016/12/19/google-facing-ftc-scrutiny-over-privacy-yet-again/

Nintendo Switch uses Nvidia Tegra X1 SoC, clock speeds outed:
http://arstechnica.com/gaming/2016/12/nintendo-switch-nvidia-tegra-x1-specs-speed/

A filmmaker installed security software on a decoy phone to spy on smartphone thieves:
http://www.theverge.com/2016/12/19/14006448/dutch-film-student-gets-phone-stolen-spies-on-thief

Anti-matter emits same light as regular matter:
http://www.livescience.com/57270-antimatter-emits-same-light-as-matter.html

Japanese satellite launches to study Earth's radiation belts:
http://www.space.com/35088-japan-launches-radiation-belt-erg-satellite.html

NASA hunts for Star Wars planets:
http://www.space.com/35085-nasa-hunts-for-star-wars-planets.html

Casper octopod under threat from deep sea mining:
http://www.bbc.com/news/science-environment-38366118

Winter solstice is coming:
http://news.nationalgeographic.com/2016/12/winter-solstice-december-year-shortest-day-explained-science/

Pregnancy changes the brain in ways that may help mothering:
http://www.nytimes.com/2016/12/19/health/pregnancy-brain-change.html

New study casts doubts on sugar guidelines:
http://www.npr.org/sections/thesalt/2016/12/19/505867535/how-much-is-too-much-new-study-casts-doubts-on-sugar-guidelines

Laser-activated drug a leap forward for prostate cancer treatment:
https://www.theguardian.com/society/2016/dec/20/prostate-cancer-treatment-laser-activated-drug-a-leap-forward


Today's Economic Calendar:
8:55 Redbook Chain Store Sales


Notable earnings this afternoon after the bell: *FDX*, *NKE*, SCS,

And tomorrow before the open: *ATU*, NEOG, *ACN*, *FINL*, *WGO*, LNN, *PAYX*

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