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Apple Today 2/16/2017 (AAPL)

seymour_greenz • February 16th 2017 12:10:43 PM

Good Morning,

S&P Futures are down 5 with -1 Fair Value, NASDAQ Futures are down 3 with +2 Fair Value and Dow Futures are down 31 on this action-packed Thursday as the record-setting index streak appears to be taking a potential breather - Asian markets ended mostly up but Europe is down across the board. Time Warner (TWX) is looking to open higher as shareholders voted on Wednesday to support proposed $85 billion acquisition by AT&T (T).

This morning's busy Economic Calendar includes: Housing Starts, Initial Jobless Claims, Philly Fed Business Outlook, Bloomberg Consumer Comfort Index, EIA Natural Gas Inventory followed by Fed Balance Sheet and Money Supply this afternoon.

The earnings winner is: NetApp, Inc. (NTAP), up nearly 6%. On the other hand, GNC Holdings, Inc. (GNC) is down nearly 13.5%, GoDaddy Inc. (GDDY) is down nearly 8% and Avon Products, Inc. (AVP) is down nearly 8%.

Futures were down slightly in early morning and declined through the morning, reaching lows near 8:30am and are at the lows as we approach the open.

Asian markets ended mostly up. China gained 0.52%, Hong Kong went up 0.47%, and Japan went down 0.47%. European markets are down. The UK is down 0.31%, Germany is down 0.29% and France is leading the decline, down 0.49%.

Commodities are mixed this morning. Oil is up 0.53%, natural gas is down 0.65% and gold is up 0.51%. Unleaded gas is up 0.01% and heating oil is down 0.89%. Metals are up except copper. Meats are mostly down. Cocoa, coffee, cotton and wheat are up while corn and soybeans are down.

Fewer Americans than forecasted file for unemployment insurance.

SunPower Corporation (SPWR) reported a Q4 adjusted loss of 64 cents per share yesterday afternoon that missed expectations and is down over 4% in pre-market. Applied Materials, Inc. (AMAT) announced Q1 results with adjusted earnings of 67 cents per share that beat expectations and is up over 1%. Cisco Systems, Inc. (CSCO) reported Q2 earnings that topped expectations and is up nearly 1.5%. The Kraft Heinz Company (KHC) announced Q4 results with adjusted earnings of 91 cents per share that beat expectations and is down over 2.5%. NetApp, Inc. (NTAP) reported Q3 results with adjusted earnings of 82 cents per share that beat expectations and is up nearly 6%. CBS Corporation (CBS) is down nearly 2% after announcing an adjusted Q4 loss of $1 per share that missed expectations. Marriott International, Inc. (MAR) is up slightly after reporting Q4 results with adjusted earnings of 85 cents per share that beat expectations. GoDaddy Inc. (GDDY) announced a Q4 loss with adjusted earnings of 10 cents per share that beat expectations and is down nearly 8%.

TripAdvisor Inc. (TRIP) reported Q4 results this morning with adjusted earnings of 16 cents per share that missed expectations and is down nearly 6.5% in pre-market. Waste Management, Inc. (WM) announced Q4 results with profit of 75 cents per share that missed expectations and is down nearly 2%. The Wendy's Company (WEN) reported Q4 results with adjusted earnings of 8 cents per share that missed expectations and is down over 1%. Avon Products, Inc. (AVP) announced a Q4 loss with an adjusted loss of 1 cent per share and is down nearly 8%. GNC Holdings, Inc. (GNC) reported Q4 results with an adjusted loss of 7 cents per share that missed expectations and is down nearly 13.5%.
Time Inc. (TIME) is down over 1% after posting an adjusted Q4 profit of 75 cents per share. Duke Energy Corporation (DUK) announced a Q4 loss with adjusted earnings of 81 cents per share that met expectations and is down nearly 0.5%.

This afternoon after the bell, look out for earnings from WhiteWave Foods (WWAV), Nu Skin Enterprises Inc. (NUS) and WebMD Health Corp (WBMD).

Tomorrow morning before the open, Moody's Corporation (MCO), Ruth's Hospitality Group, Inc. (RUTH), Bloomin' Brands (BLMN), Deere & Company (DE), J. M. Smucker Company (SJM), Campbell Soup Company (CPB), ReWalk Robotics (RWLK) and ImmunoGen, Inc. (IMGN) are expected to report.

A leading Bullish NTAP swing trade strategy is: When MACD experiences a Bullish crossover with settings of Fast 11, Slow 24 and Signal 11, daily bars.

AAPL branched upwards to set new highs above 136 among dark clouds looming overhead, ending up 0.36% on higher than average volume. AAPL opened up at 135.52 to high volume and quickly sprouted up above 136 on high volume and set an intra-day high of 136.27 at 9:54am on strong volume. After setting a new all-time high, stormy clouds took center stage and dragged AAPL down through the morning and lunch to an intra-day low of 134.62 at 1:16pm on relatively heavy volume before quickly bouncing back above 135. AAPL continued recovery in the afternoon, reaching towards mid-135 on strong volume and ended the day up 49 cents at 135.51. AAPL gained another 7 cents in after-hours to 135.58.

This morning in pre-market, AAPL opened up higher and reached an all-time pre-market peak of 136.02 as Apple revealed WWDC is to take place on June 5-9 in San Jose. AAPL subsequently fell victim to sour Futures and dipped into the red before the bell. AAPL is currently down 2 cents at 135.49 as we approach the open.

Classic max-pain is 132.


Fewer Americans than forecasted file for unemployment insurance:
https://www.bloomberg.com/news/articles/2017-02-16/fewer-americans-than-forecast-file-for-unemployment-insurance

Verizon said to near Yahoo deal at lower price after hacks:
https://www.bloomberg.com/news/articles/2017-02-15/verizon-said-to-reach-revised-price-for-yahoo-in-wake-of-hacks

Snap set to pitch $3.2 billion shares voteless investors:
https://www.bloomberg.com/news/articles/2017-02-16/snap-seeks-to-raise-as-much-as-3-2-billion-in-initial-offering

Buffett says money managers charge too much:
https://www.bloomberg.com/news/articles/2017-02-16/warren-buffett-says-money-managers-charge-too-much

Mortgage rates unchanged again but probably headed higher:
https://www.washingtonpost.com/news/where-we-live/wp/2017/02/16/mortgage-rates-unchanged-again-but-probably-headed-higher/

Apple TV may get 4K video this year:
https://www.cnet.com/news/apple-tv-may-get-4k-video-this-year-according-to-report/

9 easy fixes for things Google Home can't do:
https://www.cnet.com/how-to/google-home-essential-ifttt-applets/

Find your next job on Facebook?
https://www.cnet.com/news/now-you-can-find-and-apply-for-jobs-directly-on-facebook/

Monopoly fans vote to kick thimble out of the game:
https://www.cnet.com/news/monopoly-thimble-token-dumped-hasbro/

Valve boss trashes his own "marginally adequate" VR headset:
https://www.cnet.com/news/valve-boss-comfortable-with-the-idea-that-vr-might-fail/

2117 vision is to create a city on Mars:
http://www.techtimes.com/articles/197837/20170216/mars-2117-project-vision-to-create-a-city-on-red-planet.htm

Are we alone in the universe, Mr. Churchill?
http://www.smithsonianmag.com/science-nature/winston-churchill-question-alien-life-180962198/

No joke, first 3D-printed artwork made in space:
http://www.space.com/35723-first-3d-printed-art-space-station.html

Jurassic Park... sort of...
https://www.theguardian.com/science/2017/feb/16/woolly-mammoth-resurrection-scientists

Patent decision on Crispr gene editing favors MIT:
https://www.wired.com/2017/02/patent-decision-crispr-gene-editing-favors-mit/

Autism detectable in brain long before symptoms appear:
http://www.bbc.com/news/health-38955872

Stop Alzheimer's before it starts:
http://www.newsweek.com/2017/02/24/stopping-alzheimers-disease-it-starts-557221.html

Vitamin D pills could stop colds or flu:
http://www.bbc.com/news/health-38988982


Today's Economic Calendar:
8:30 Housing Starts
8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet


Notable earnings this afternoon after the bell: CGNX, CINR, NAVG, NWE, *WWAV*, AMBR, BCOV, COHU, DVA, *NUS*, RCKY, RSG, TFIFF, WFTBF, CYTK, RUSMF, GLOB, LOPE, AUY, CUBE, ED, FLS, FQVLF, IIN, KEYS, MCHX, MDRX, REXR, TRN, TRUE, UEIC, WIRE, WRE, YUME, MRC, VECO, CPS, FIVN, LUCRF, *WBMD*, LWSCF, ORC, DLR, RARE, STAG, CRC, CZZ, CTT, DBOEY, ANET, PI, AIRG, BDORY, CIFAF, EQGPF, TTD, VIVE

And tomorrow before the open: *MCO*, TYPE, WBC, LPNT, POR, *RUTH*, XRAY, ATRO, *BLMN*, PES, NHI, AAN, BELFB, ROCK, FLR, AEG, AZSEY, B, BLX, *DE*, DGICA, EBGUF, ENB, VFC, CTB, *SJM*, *CPB*, GLOG, GVA, *RWLK*, TMST, ACDVF, *IMGN*, MTRN, SE, VLRS, FNMA, GOL, KGSPF, SWMAF

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