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Apple Today 12/21/2016 (AAPL)

seymour_greenz • December 21st 2016 11:08:45 AM

Good Morning,

S&P Futures are down 2 with -2 Fair Value, NASDAQ Futures are down 2 with -3 Fair Value and Dow Futures are up 9 on this Wednesday as the Dow pushes towards 20,000 on this winter solstice as AirPods finally ship just in time to stuff stockings.

A relatively mild economic calendar for this morning includes MBA Mortgage Applications, Existing Home Sales and EIA Petroleum Inventories.

Earnings winners include Winnebago Industries, Inc. (WGO), up over 5% and Nike Inc. (NKE), up over 2% while the big earnings dud is The Finish Line, Inc. (FINL), down nearly 15%, followed by Accenture plc (ACN), down nearly 3.5%, FedEx Corporation (FDX), down over 2.5% and Paychex, Inc. (PAYX), down over 2%.

Futures were down slightly in early morning, peaked into the green zone near 3:30am and then slipped underwater later in the morning and are at the lows as we approach the open.

Asian markets ended mostly up. China gained 1.11%, Hong Kong went up 0.37% and Japan went down 0.26%. European markets are down. The UK is down 0.09%, Germany is down 0.01% and France is leading the decline, down 0.46%.

Commodities are mixed this morning. Oil is up 0.21%, natural gas is up 4.47% and gold is up 0.33%. Unleaded gas is up 0.16% and heating oil is down 0.07%. Metals are up except platinum. Meats are down. Cocoa, cotton and soybeans are up while coffee, corn and wheat are down.

Dow set to chase 20,000 again. Dollar retreats from 14-year high, banks drag Europe shares lower.

FedEx Corporation (FDX) reported Q2 earnings with mixed results and is down over 2.5% in pre-market. Nike Inc. (NKE) announced Q2 results that beat expectations and is up over 2%.

Actuant Corporation (ATU) reported adjusted Q1 earnings of 20 cents per share that topped expectations and is up over 0.5% in pre-market. Accenture plc (ACN) announced Q1 results with lowered outlook and is down nearly 3.5%. The Finish Line, Inc. (FINL) reported a Q3 adjusted loss of $1 per share and is down nearly 15%. Winnebago Industries, Inc. (WGO) announced Q1 results with adjusted earnings of 60 cents per share and is up over 5%. Paychex, Inc. (PAYX) reported Q2 results with a profit of 56 cents per share that beat expectations and is down over 2%.

This afternoon after the bell, look out for earnings from Herman Miller, Inc. (MLHR), Red Hat, Inc. (RHT), Micron Technology Inc. (MU) and Bed Bath & Beyond Inc. (BBBY).

Tomorrow morning before the open, ConAgra Brands, Inc. (CAG) is expected to report.

A leading bullish MU trade strategy is: When the 13 EMA is Below the 38 DEMA AND the 11 day Stochastics is Bullish, daily bars.

AAPL had a bright day yesterday, ending up 0.27% on low volume. AAPL opened up at 116.74 to high volume and put in an intra-day low of 116.68 on high volume before shooting up sharply to mid-117 and setting an intra-day high of 117.50 at 9:48am. AAPL subsequently slipped to 117 and held this line in a narrow range on low volume until 2pm when AAPL dimmed lower into the upper-116 area on low volume and bounced back slightly after 3pm, touching 117 again at 3:34pm on low volume before dimming below 117 into the close on moderate volume. AAPL ended the day up 31 cents at 116.95 and gained 1 cent in after-hours to 116.96.

This morning in pre-market, AAPL opened higher and reached as high as 117.25 at 4:33am before slipping to a low of 116.65 later in the morning at 7:51am. AAPL is currently down 3 cents at 116.90 as we approach the open.


Classic max-pain is 115.


Dow set to chase 20,000 again:
http://www.usatoday.com/story/money/markets/2016/12/21/asian-stocks-rise-after-wall-street-gains/95690824/

Dollar retreats from 14-year high, banks drag Europe shares lower:
http://www.reuters.com/article/us-global-markets-idUSKBN14A00S

Spain probably expanded 0.7% this quarter, Central Bank says:
https://www.bloomberg.com/news/articles/2016-12-21/spain-probably-expanded-0-7-this-quarter-central-bank-says

FedEx profit disappoints as ground-delivery spending rises:
https://www.bloomberg.com/news/articles/2016-12-20/fedex-misses-estimates-as-spending-outweighs-holiday-shopping

Bank overdraft charges cost customers $11.6 billion a year, study finds:
http://www.forbes.com/sites/elizabethharris/2016/12/20/bank-overdraft-charges-cost-customers-11-6-billion-a-year-study-finds

Obama's move to stop arctic drilling forever:
http://qz.com/869070/obamas-move-to-stop-arctic-drilling-forever-could-thwart-donald-trumps-oil-ambitions/

Volkswagen expected to pay another $1 billion in emissions scandal:
http://www.nytimes.com/2016/12/20/business/volkswagen-agrees-to-buy-back-or-fix-remaining-diesel-cars.html

Russian hackers con advertisers out of $5 million per day:
http://www.newsweek.com/methbot-russian-hackers-con-online-advertisers-millions-dollars-534304

Last chance for an Amazon Fire tablet under $40!
http://amzn.to/2ifyEmT

macOS is becoming legacy software:
http://www.theverge.com/2016/12/21/14037686/apple-macbook-macos-focus-mobile-features-ios

Apple's rumored 2017 roadmap include an incredible new iPhone 8 and two boring iPhone 7s models:
http://bgr.com/2016/12/21/iphone-8-vs-iphone-7s/

Apple selling refurbished Apple Watch Series 1 and 2:
http://www.pcmag.com/news/350503/apple-selling-refurbished-apple-watch-series-1-and-2

Netflix US Twitter account hacked:
http://www.bbc.com/news/technology-38390343

Twitter's CTO Adam Messinger is leaving the company along with VP of product Josh McFarland:
https://techcrunch.com/2016/12/20/twitters-cto-adam-messinger-is-leaving-the-company/

Morgan Freeman voices Mark Zuckerberg's AI assistant
http://www.bbc.com/news/technology-38390798

Elon Musk goes through a roller coaster of emotions as he watches his rocket land:
http://www.theverge.com/2016/12/20/14028254/spacex-falcon-9-launch-elon-musk-reaction-gifs

Scientists use lasers for a better look at antimatter:
http://www.csmonitor.com/Science/2016/1220/Scientists-use-lasers-for-a-better-look-at-antimatter

Where is Santa right now?
http://www.mirror.co.uk/science/nasa-tracker-where-is-santa-9370990

Winter solstice is here:
http://www.usatoday.com/story/tech/sciencefair/2016/12/20/winter-solstice/95656640/

Artificial leaf copies nature to manufacture medicine:
http://www.reuters.com/article/us-science-artificial-leaf-pharmaceutica-idUSKBN14A17R

Patients cared for by female doctors fare better than those treated by men:
http://www.npr.org/sections/health-shots/2016/12/19/506144346/patients-cared-for-by-female-doctors-fare-better-than-those-treated-by-men

Inovio Zika vaccine evokes robust response in early human study:
http://www.reuters.com/article/us-inovio-pharma-zika-idUSKBN14A1DB

Processed meat could worsen asthma symptoms:
http://www.huffingtonpost.co.uk/2016/12/21/processed-meat-could-worsen-asthma-symptoms-research-suggests_n_13755284.html

Grapes and tomatoes should carry child safety warnings, doctors say:
http://www.telegraph.co.uk/news/2016/12/21/grapes-tomatoes-should-carry-child-safety-warnings-doctors-say/

FDA grants accelerated approval to new treatment for advanced ovarian cancer:
http://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm533873.htm

Listerine mouthwash may help kill gonorrhea bacteria:
http://www.techtimes.com/articles/189575/20161220/listerine-mouthwash-may-help-kill-gonorrhea-bacteria-in-mouth-and-throat.htm


Today's Economic Calendar:
7:00 MBA Mortgage Applications
10:00 Existing Home Sales
10:30 EIA Petroleum Inventories


Notable earnings this afternoon after the bell: DYSL, *MLHR*, AIR, *RHT*, *MU*, *BBBY*, CAMP

And tomorrow before the open: *CAG*

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