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Apple Today 2/23/2017 (AAPL)

seymour_greenz • February 23rd 2017 12:28:00 PM

Good Morning,

S&P Futures are up 3 with -2 Fair Value, NASDAQ Futures are up 4 with +1 Fair Value and Dow Futures are up 28 as this action-packed Thursday starts off on a cheerful note despite the Fed hinting that another rate hike may be a few weeks away. This earnings season is setting as Tesla Motors (TSLA) reports Q4 earnings with mixed results and while initially up has dipped to an over 2% loss in pre-market.

This morning's Economic Calendar in overdrive includes: Initial Jobless Claims, Chicago Fed National Activity Index, FHFA House Price Index, Bloomberg Consumer Comfort Index, EIA Natural Gas Inventory, EIA Petroleum Inventories, Kansas City Fed Mfg Survey and Results of $28B, 7-Year Note Auction followed by Fed Balance Sheet and Money Supply this afternoon.

The earnings winners are: Square, Inc. (SQ), up over 10% and Pinnacle Foods (PF) is up nearly 7%. On the other hand ARRIS International plc (ARRS) is down over 12.5%, Jack In The Box Inc. (JACK) is down nearly 9%, Boston Beer Co. (SAM) is down nearly 7.5% and Wayfair (W) is down over 7.5%.

Futures were down slightly in early morning, turned green after 4am and pushed up to new highs later in the morning and are at the highs as we approach the open.

Asian markets ended down. China dropped 0.30%, Japan went down 0.04% and Hong Kong led the decline, down 0.36%. European markets are mixed. The UK is up 0.02%, Germany is down 0.12% and France is up 0.17%.

Commodities are mixed this morning. Oil is up 1.77%, natural gas is up 3.55% and gold is up 1.22%. Unleaded gas is up 1.46% and heating oil is up 1.82%. Metals are up except copper. Meats are mixed. Cocoa, coffee, cotton and wheat are up while corn and soybeans are down.

Stocks near highs, dollar drifts after Fed see hike "fairly soon".

Tesla Motors (TSLA) reported Q4 earnings yesterday afternoon with mixed results and is down over 2% in pre-market. HP Inc. (HPQ) announced Q1 results with adjusted earnings of 38 cents per share that beat expectations and is up over 2%. Fitbit, Inc. (FIT) reported a Q4 loss with an adjusted loss of 56 cents per share that missed expectations and is up over 2%. Square, Inc. (SQ) announced Q4 results that beat expectations and is up over 10%. The Cheesecake Factory Incorporated (CAKE) reported Q4 results with adjusted earnings of 67 cents per share that met expectations and is up 0.5% in pre-market. Sunoco LP (SUN) announced Q4 results that missed expectations and is down over 6%. ARRIS International plc (ARRS) reported Q4 results with an adjusted profit of 79 cents per share and is down over 12.5%. Jack In The Box Inc. (JACK) announced Q1 results that missed expectations and is down nearly 9%. Boston Beer Co. (SAM) is down nearly 7.5% after reporting a Q4 profit of $1.75 per share that missed expectations. Popeyes Louisiana Kitchen, Inc. (PLKI) is down slightly after announcing Q4 results with adjusted earnings of 48 cents per share. Transocean Ltd. (RIG) announced Q4 results with adjusted earnings of 63 cents per share that beat expectations and is up nearly 4%. Weibo Corporation (WB) reported Q4 earnings with mixed results and is down nearly 3.5%

Kohl's Corporation (KSS) reported Q4 results this morning that beat estimates and is up slightly in pre-market. Wayfair (W) reported a Q4 loss with adjusted losses of 34 cents per share that beat expectations and is down over 7.5%. Hormel Foods Corporation (HRL) is down over 5.5% after missing Q1 estimates with profit of 44 cents per share. Toro Company (TTC) announced Q1 results with net income of 41 cents per share that beat expectations and is up over 2%. Intercept Pharmaceuticals (ICPT) reported a Q4 loss of $4.84 per share that missed expectations and is down over 0.5%. Chesapeake Energy Corporation (CHK) is up nearly 2.5% after reporting a Q4 loss with adjusted earnings of 7 cents per share that topped expectations. AMC Networks Inc. (AMCX) announced Q4 results with adjusted earnings of $1.30 per share and is up nearly 8%. Iron Mountain Inc. (IRM) reported Q4 results that beat expectations and is up nearly 1%. Pinnacle Foods (PF) is up nearly 7% after meeting Q4 profit forecasts with adjusted earnings of 79 cents per share. LendingTree, Inc. (TREE) reported Q4 results with adjusted earnings of 87 cents per share and is up nearly 3%. Barclays PLC (BCS) announced Q4 results and is down nearly 3.5%.

This afternoon after the bell, look out for earnings from Acadia Healthcare Co. (ACHC), Nordstrom Inc. (JWN), IMAX Corporation (IMAX), Aspen Aerogels, Inc. (ASPN), Baidu, Inc. (BIDU), The Gap, Inc. (GPS), Herbalife Ltd. (HLF), Intuit Inc. (INTU), Universal Display Corporation (OLED), RE/MAX Holdings, Inc. (RMAX), Stamps.com Inc. (STMP), Zoe's Kitchen (ZOES) and Hewlett Packard Enterprise (HPE).

Tomorrow morning before the open, Foot Locker, Inc. (FL), J.C. Penney Company Inc. (JCP), Materialise NV (MTLS) and The Royal Bank of Scotland Group plc (RBS) are expected to report.

A leading bullish BIDU swing trade strategy is: When the 6 EMA is Below the 8 SMA AND the 21 Day Smoothed Stochastics is Bearish, daily bars.

AAPL's heartbeat pulsed up to 137 yesterday, ending up 0.27% on very light volume. AAPL opened at 136.43 to high volume and dipped to an intra-day low of 136.11 at 9:44am on moderate volume before bouncing back to the mid-136 area on low volume and holding a narrow range around 136.5 until lunchtime on low volume. After lunch, AAPL pulsed above 137 to set an intra-day high of 137.12 at 1:52pm on relatively low mild volume before slipping down to the mid-136 area again on low volume and bouncing back towards 137 in the last hour into the close on low volume. AAPL ended the day up 37 cents at 137.07 and gained 12 cents in after-hours to 137.19.

This morning in pre-market, AAPL opened higher in conjunction with Futures and held up in a narrow range in the low-107 area as HP Inc. (HPQ) announced a beat. AAPL is currently up 29 cents at 137.40 as we approach the open.

Classic max-pain is 134.


Stocks near highs, dollar drifts after Fed see hike "fairly soon":
http://www.reuters.com/article/global-markets-idUSL8N1G85KQ

Claims for jobless benefits in US point to firm job market:
https://www.bloomberg.com/news/articles/2017-02-23/claims-for-jobless-benefits-in-u-s-point-to-firm-job-market

Tesla shares slip as cash-burn raises concerns:
http://www.reuters.com/article/us-tesla-outlook-idUSKBN1621W5

McDonald's to cut prices on drinks as industry slumps:
https://www.bloomberg.com/news/articles/2017-02-22/mcdonald-s-to-cut-prices-on-drinks-as-fast-food-industry-slumps

Tech breakthroughs take a back seat in upcoming Apple iPhone launch:
http://www.reuters.com/article/us-apple-iphone-idUSKBN1620FP

Apple has at least 5 different groups working on wireless charging ahead of iPhone 8:
https://www.macrumors.com/2017/02/23/apple-five-groups-working-wireless-charging/

Samsung Galaxy S8 leaked images show on-screen buttons and always-on display:
http://www.techtimes.com/articles/198558/20170223/samsung-galaxy-s8-leaked-images-show-on-screen-buttons-and-always-on-display.htm

A guide to new phone plans:
https://www.nytimes.com/2017/02/22/technology/personaltech/picking-a-new-phone-plan-here-are-your-best-bets.html?_r=0

Pebble acquisition was a bigger bargain than initially estimated at only $23 million:
http://www.techtimes.com/articles/198911/20170223/pebble-acquisition-was-a-bargain-deal-far-cheaper-than-initially-estimated-fitbit-confirms-23m-price.htm

Google just cracked the Internet:
http://www.theverge.com/2017/2/23/14712118/google-sha1-collision-broken-web-encryption-shattered

Qualcomm announces new VR headset, Leap Motion partnership, and accelerator program:
http://www.theverge.com/2017/2/23/14709936/qualcomm-virtual-reality-development-kit-accelerator-leap-motion

Amazon Alexa hits 10,000 skills:
https://www.wired.com/2017/02/amazon-alexa-hits-10000-skills-plenty-room-grow/

Nintendo Switch review:
https://arstechnica.com/gaming/2017/02/nintendo-switch-impressions-out-of-the-box-and-into-our-hands/

Uber clarifies harassment stance to users deleting accounts:
http://www.bbc.co.uk/news/blogs-trending-39067258

System with 7 Earth-size exoplanets announced:
http://www.space.com/35806-trappist-1-facts.html

NASA developing new material for stronger vehicles and Mars habitats:
http://www.techtimes.com/articles/198642/20170223/nasa-developing-new-material-for-stronger-vehicles-and-mars-habitats.htm

NASA's Europa mission completes 1st big step:
http://www.popularmechanics.com/space/satellites/a25347/nasas-europa-mission-completes-phase-a/

Plane flies along Antarctica's giant Larsen crack:
http://www.bbc.com/news/science-environment-39055524

Meet the frog that can sit on a thumbnail:
http://www.bbc.com/news/science-environment-39042646

DNA evidence proves a maternal dynasty existed in North America 1,200 years ago:
https://qz.com/916728/dna-evidence-proves-a-maternal-dynasty-existed-in-north-america-1200-years-ago/

Social media is driving Americans insane:
https://www.bloomberg.com/news/articles/2017-02-23/social-media-is-driving-americans-insane

Oversleeping could be an early symptom of Alzheimer's, new research suggests:
http://www.independent.co.uk/life-style/health-and-families/health-news/alzheimers-research-oversleeping-lie-ins-nine-hours-rest-more-likely-cause-brain-disease-neurology-a7594691.html

Eat your veggies!
http://www.bbc.com/news/health-39057146


Today's Economic Calendar:
8:30 Initial Jobless Claims
8:30 Chicago Fed National Activity Index
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $28B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet


Notable earnings this afternoon after the bell: PKY, LGND, *ACHC*, OCANF, BJRI, CDR, CENX, DRETF, FNGN, INWK, *JWN*, WAGE, FPO, CBPX, HURN, LNT, PEB, ALDR, BNFT, FIX, HF, MSA, PEI, AAOI, ALJ, AWR, DYN, ECPG, GXP, *IMAX*, INN, KAI, MDDWF, PE, INGXF, RDUS, AGO, AHT, AL, AMH, AMSWA, *ASPN*, AVHI, BGS, *BIDU*, BIO, BMRN, CBPO, DAIO, EBS, ERIE, GIFI, *GPS*, GSAT, HASI, *HLF*, HTGC, *INTU*, KW, LYV, MELI, MTZ, NCMI, *OLED*, OVAS, PBA, PEGA, *RMAX*, SEM, SEMG, SPLK, SPNC, SPXC, *STMP*, SWN, TPRE, TWOU, VICR, WMAR, *ZOES*, SMLP, MRRTY, CECO, NVRO, TPC, WK, ADC, LADR, FPRX, EGO, FTAI, RWT, NPIFF, *HPE*, SYRG, SJI, BLLAF, ELDXF, AAIGF, ACIA, AINC, HGENF, HHC, LFGR, SENH, ULH

And tomorrow before the open: CLMT, BCC, ARII, COG, PEG, PNW, TDS, KOF, EHTH, CRK, RLGY, RY, CAGDF, RAS, STAR, VWR, WPC, BASFY, BLERF, DRAD, ECC, *FL*, HMSY, HSC, HUSKF, *JCP*, KBR, MGA, ONEXF, PMC, RDC, SGAZF, SSP, DOC, MGLN, PACD, DFRG, *MTLS*, COLFF, SAFRF, *RBS*, BGAOF, ARES, ENIA, CODGF, SLFPF, ADSW, AMADF, FURGF, IMIAF, SGBAF, SVYSF, TFECF

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