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Apple Today 1/05/2017 (AAPL)

seymour_greenz • January 5th 2017 11:35:34 AM

Good Morning,

S&P Futures are down 4 with -5 Fair Value, NASDAQ Futures are down 9 with -11 Fair Value and Dow Futures are down 17 as we near the end of our first week of 2017. Hard day for retailers as Macy's (M) is down nearly 11% after a disappointing earnings report and announcing the closure of 68 stores and cuts of more than 10,000 jobs. Likewise, Kohl's (KSS) is down over 14%. In the tech world, aside from the buzz at CES, the US Department of Labor has filed a lawsuit against Google (GOOGL) over releasing employee compensation data.

Today's economic calendar is in high gear with Chain Store Sales, Challenger Job-Cut Report, ADP Jobs Report, Initial Jobless Claims, Gallup Good Jobs Rate, Services Index, Bloomberg Consumer Comfort Index, ISM Non-Manufacturing Index, EIA Natural Gas Inventory and EIA Petroleum Inventories this morning, followed by the Fed Balance Sheet and Money Supply this afternoon.

Futures were flat in early morning, briefly sprouted green around 1am and then slipped sharply at 2am, struggling thereafter. Weakness persisted throughout the morning with a small bounce in progress as we approach the open.

Asian markets ended mostly up. China went up 0.21%, Hong Kong gained 1.46% and Japan dropped 0.37%. European markets are mostly down. The UK is up 0.15%, Germany is down 0.12% and France is down 0.17%.

Commodities are mixed this morning. Oil is up 0.66%, natural gas is up 0.86% and gold is up 0.83%. Unleaded gas is down 0.34% and heating oil is up 0.27%. Metals are up except copper. Meats are mostly up. Coffee and cotton are up while cocoa, corn, wheat and soybeans are down.

Market climbs, Fed minutes confirm inflation jitters. US indexes drift in early trade while department stores nosedive. Jobless claims fall to near 43-year low. ADP says US companies added 153,000 employees in December.

Sonic Corp. (SONC) reported Q1 results with adjusted earnings of 24 cents per share that beat expectations and is down nearly 1% in pre-market.

Walgreens Boots Alliance, Inc. (WBA) announced adjusted Q1 earnings of $1.10 per share that exceeded expectations and is down nearly 0.5% in pre-market. Monsanto Company (MON) is up nearly 0.5% on adjusted Q1 earnings of 21 cents per share. Constellation Brands, Inc. (STZ) reported Q3 results with adjusted earnings of $1.96 per share and is down over 2.5%.

This afternoon after the bell, look out for earnings from Ruby Tuesday, Inc. (RT).

Tomorrow morning before the open, The Greenbrier Companies, Inc. (GBX) is expected to report.

A leading bullish INTC trade strategy is: When the 19 DEMA is Above the 22 DEMA AND the 22 day Stochastics is Bearish, daily bars.

AAPL had a flat day, spending most of the day in the green and ending on a slightly cloudy note, down 0.11% on very low volume. AAPL opened down at 115.95 to high volume and quickly ran up to the mid-116 area to set an intra-day high of 116.51 at 9:54am on mild volume before dipping below 116 again on low volume after 10am. AAPL bounced up again ahead of lunchtime on low volume and then held the low-116 area until 3pm on low. AAPL then dipped into the close to 116 on moderate volume. AAPL ended the day down 13 cents at 116.02 and dropped another 2 cents in after-hours to 116.

This morning in pre-market, AAPL opened lower in conjunction with Futures and scraped a pre-market low of 115.75 before bouncing back on news of optimistic App Store metrics. AAPL is currently flat at 116.02 as we approach the open.


Classic max-pain is 115.


Market climbs, Fed minutes confirm inflation jitters:
http://www.reuters.com/article/us-usa-stocks-idUSKBN14O1BX

US indexes drift in early trade while department stores nosedive:
http://www.nytimes.com/aponline/2017/01/05/world/asia/ap-financial-markets.html

Jobless claims fall to near 43-year low:
http://www.reuters.com/article/us-usa-economy-idUSKBN14P1IR

ADP says US companies added 153,000 employees in December:
https://www.bloomberg.com/news/articles/2017-01-05/adp-says-companies-in-u-s-added-153-000-employees-in-december

Sears to sell Craftsman for $900 million, close 150 stores:
https://www.bloomberg.com/news/articles/2017-01-05/stanley-to-buy-craftsman-brand-from-sears-for-about-900-million

Apple removes New York Times apps from its store in China:
http://www.nytimes.com/2017/01/04/business/media/new-york-times-apps-apple-china.html

Apple's App Store generated $20 billion for developers in 2016:
http://in.reuters.com/article/apple-appstore-idINKBN14P1LY

Nvidia puts AI in cars, gaming rigs in the Cloud:
http://www.pcmag.com/news/350812/nvidia-puts-ai-in-cars-gaming-rigs-in-the-cloud

Samsung initial production target is 10 million Galaxy S8 phones:
http://www.reuters.com/article/us-samsung-elec-smartphones-idUSKBN14P0LF

Samsung's new Chromebooks are Google's answer to the iPad Pro and Surface Pro:
http://www.theverge.com/ces/2017/1/4/14167978/samsung-chromebook-plus-pro-google-stylus-ces-2017

HTC's wireless Vive add-on works:
http://www.theverge.com/ces/2017/1/4/14172296/htc-vive-wireless-adapter-tpcast-ces-2017

Zuckerberg for President?
https://www.wired.com/2017/01/zucks-sure-acting-like-someone-might-run-president/

Monster burst of radio waves arose in tiny galaxy:
http://www.space.com/35215-powerful-cosmic-burst-surprising-humble-origin.html

A NASA photo shot straight into the sun reveals how tiny we really are:
https://qz.com/878063/a-nasa-photo-shot-straight-into-the-sun-reveals-how-tiny-we-really-are/

Scientists show climate change "pause" does not exist:
http://www.independent.co.uk/news/science/global-warming-climate-change-pause-noaa-data-skeptic-denial-real-sea-temperature-a7510691.html

US Navy dolphins join effort to save critically endangered vaquitas:
http://www.csmonitor.com/Environment/2017/0104/US-Navy-dolphins-join-effort-to-save-critically-endangered-vaquitas

New peanut allergy prevention guidelines start in infancy:
http://www.cnn.com/2017/01/05/health/peanuts-allergy-prevention-guidelines/

Parental obesity can take a huge toll on early childhood development:
http://www.huffingtonpost.com/entry/parental-obesity-development-problems_us_586bddf5e4b0d9a5945c9d1b

Morning sickness drug's efficacy called into question:
http://www.cnn.com/2017/01/04/health/diclegis-morning-sickness-drug-fda/

Dementia risk linked to living near busy roads:
http://www.cbsnews.com/news/dementia-risk-alzheimers-linked-to-living-near-busy-roads/

This is your aging brain on the Mediterranean diet:
http://www.latimes.com/science/sciencenow/la-sci-sn-mediterranean-diet-brain-volume-20170104-story.html

Stop cleaning your ears!
http://www.usatoday.com/story/news/nation/2017/01/05/now-hear-stop-cleaning-your-ears/96193598/

IHOP is offering all you can eat pancakes through mid-February:
http://www.nwahomepage.com/news/breakfast-buzz-all-you-can-eat-pancakes/636173629


Today's Economic Calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
9:45 PMI Services Index
9:45 Bloomberg Consumer Comfort Index
10:00 ISM Non-Manufacturing Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
4:30 Money Supply
4:30 Fed Balance Sheet


Notable earnings tomorrow before the open: AEHR, FC, PSMT, *RT*, HELE

And tomorrow before the open: *GBX*, ANGO, AZZ

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