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Apple Today 4/25/2017 (AAPL)

seymour_greenz • April 25th 2017 12:30:27 PM

Good Morning,

S&P Futures are up 8 with +7 Fair Value, NASDAQ Futures are up 18 with +16 Fair Value and Dow Futures are up 153 as this earnings season really heats up alongside an action-packed day on the economic calendar. Techwise, rumors are buzzing that Apple will release 2 iPhones this year instead of the expected 3 and Bitcoin prices just soared above 1,260.

This morning's Economic Calendar includes: Redbook Chain Store Sales, FHFA House Price Index, S&P Case-Shiller Home Price Index, Consumer Confidence, New Home Sales, Richmond Fed Mfg. and State Street Investor Confidence Index followed by Results of $26B, 2-Year Note Auction this afternoon.

The earnings winner is: Limelight Networks, Inc. (LLNW), up nearly 11%. On the other hand, Express Scripts, Inc. (ESRX) is down over 13%.

Futures were up in early morning, moved up sharply later in the morning and are near the highs as we approach the open.

Asian markets ended up. China went up 0.16%, Japan gained 1.08% and Hong Kong led the advance, up 1.31%. European markets are up. The UK is up 0.23%, Germany is up 0.11% and France is leading the advance, up 0.33%.

Commodities are mostly down this morning. Oil is down 0.30%, natural gas is down 0.10% and gold is down 0.68%. Unleaded gas is down 0.76% and heating oil is down 0.25%. Metals are down except copper. Meats are mixed. Coffee is up while cocoa, cotton, corn, wheat and soybeans are down.

Nasdaq tops 6,000 mark for 1st time. US home prices rise faster than expected in February.

Limelight Networks, Inc. (LLNW) reported a Q1 loss yesterday afternoon with adjusted earnings of 2 cents per share that beat expectations and is up nearly 11% in pre-market. Express Scripts, Inc. (ESRX) announced Q1 results and is down over 13% after losing biggest client Anthem. T-Mobile US, Inc. (TMUS) reported Q1 results that beat expectations amid light revenue and is down nearly 1%. Alcoa, Inc. (AA) announced Q1 results with adjusted earnings of 63 cents per share that beat expectations and is up over 4%. Swift Transportation Company (SWFT) reported Q1 results with adjusted earnings of 7 cents per share that missed expectations and is down nearly 7%. Whirlpool Corporation (WHR) announced Q1 results with adjusted earnings of $2.50 per share that missed expectations and is up over 1%.

Centene Corporation (CNC) reported Q1 results this morning with adjusted earnings of $1.12 per share that beat expectations and is up nearly 3% in pre-market. The Coca-Cola Company (KO) announced Q1 results that missed expectations and is down over 1%. Nielsen Holdings N.V. (NLSN) reported Q1 results with profit of 20 cents per share that missed expectations and is down over 2%. Biogen Inc. (BIIB) announced Q1 results with earnings of $5.20 per share that beat expectations and is up over 4.5%. LM Ericsson Telephone Company (ERIC) reported Q1 results that missed expectations and is down nearly 2.5%. Novartis AG (NVS) announced Q1 results with adjusted earnings of $1.13 per share that beat expectations and is up nearly 2.5%. Caterpillar Inc. (CAT) reported Q1 results that beat expectations and is up over 6%. McDonald's Corporation (MCD) announced Q1 results that beat expectations and is up nearly 3%. Xerox Corporation (XRX) reported Q1 results with adjusted earnings of 15 cents per share that missed expectations and is down nearly 2%. E. I. du Pont de Nemours and Company (DuPont) (DD) announced Q1 results that beat expectations and is up nearly 2%. Corning Inc. (GLW) reported Q1 results with adjusted earnings of with adjusted earnings of 39 cents per share that beat expectations and is up nearly 2.5%. JetBlue Airways Corporation (JBLU) announced Q1 results that met expectations and is up over 3%. Lockheed Martin (LMT) reported Q1 results with adjusted earnings of $3 per share that beat expectations and is down 2.5%. 3M Company (MMM) announced Q1 results with net income of $2.16 per share that beat expectations and is down nearly 0.5%. SUPERVALU Inc. (SVU) reported Q4 results with adjusted earnings of 13 cents per share that beat expectations and is up nearly 5%. Valero Energy Corporation (VLO) announced Q1 results with net income of 68 cents per share that beat expectations and is up nearly 1%.

This afternoon after the bell, look out for earnings from Panera Bread Company (PNRA), iRobot Corporation (IRBT), Acadia Healthcare Co. (ACHC), Discover Financial Services (DFS), Chipotle Mexican Grill, Inc. (CMG), Capital One Financial Corporation (COF), Cree, Inc. (CREE), Edwards Lifesciences Corp (EW), AT&T Inc. (T), United States Steel Corporation (X), Logitech International S.A. (LOGI), Shutterfly, Inc. (SFLY), Texas Instruments Inc. (TXN) and Juniper Networks (JNPR).

Tomorrow morning before the open, Ingersoll-Rand plc (IR), Wyndham Worldwide Corporation (WYN), Owens Corning (OC), Twitter, Inc. (TWTR), PepsiCo Inc. (PEP), Bloomin' Brands (BLMN), Dr Pepper Snapple Group, Inc. (DPS), Six Flags Entertainment Corporation (SIX), Waste Management, Inc. (WM), Alaska Air Group, Inc. (ALK), Baxter International Inc (BAX), The Hershey Company (HSY), The Procter & Gamble Company (PG), Avery Dennison Corporation (AVY), The Boeing Company (BA), General Dynamics Corporation (GD), Hess Corporation (HES), Nasdaq Inc. (NDAQ), Northrop Grumman Corporation (NOC), Santander Consumer USA Holdings Inc (SC), State Street Corporation (STT), Thermo Fisher Scientific Inc. (TMO), Seagate Technology (STX), Credit Suisse Group AG (CS) are expected to report.

A leading Bullish BA swing trade strategy is: When the 17 SMA is Above the 46 DEMA AND the 33-day Smoothed Stochastics is Bullish, daily bars.

AAPL soared up like a rocket towards 144, ending up 0.95% on low volume. AAPL opened up at 143.50 to high volume and quickly set an intra-day low of 143.20 at 9:36am on heavy volume. AAPL bounced back sharply and set an intra-day high just shy of 144 at 143.95 at 9:50am on solid volume. AAPL subsequently dipped to the mid-143 area ahead of lunch on low volume and bounced back into the upper-143 area in the afternoon on low volume, slipping towards mid-143 into the close on moderate volume. AAPL ended the day up $1.35 at 143.62 and gained 16 more cents in after-hours to 143.78.

This morning in pre-market, AAPL opened higher in conjunction with Futures and hit a pre-market high of 144.22 as Needham & Company maintained AAPL coverage with a Buy and $165 target. AAPL is currently up 31 cents at 143.95 as we approach the open.

Classic max-pain is 141.


Nasdaq tops 6,000 mark for 1st time:
http://money.cnn.com/2017/04/25/investing/nasdaq-6000-tech-stocks/

US home prices rise faster than expected in February:
http://www.reuters.com/article/us-usa-economy-homes-index-idUSKBN17R1O3

Coca-Cola to cut 1,200 jobs, boosts savings target:
http://www.reuters.com/article/us-coca-cola-results-idUSKBN17R18T

McDonald's profit beats as turnaround gains steam, shares at record high:
http://www.reuters.com/article/us-mcdonalds-results-idUSKBN17R1FM

Marissa Mayer to make $184m from Yahoo's sale to Verizon:
http://www.bbc.com/news/business-39705328

Silicon Valley takes on the flying car:
https://www.nytimes.com/2017/04/24/technology/flying-car-technology.html

Apple may debut 2 iPhones in 2017, not 3:
https://www.macrumors.com/2017/04/25/questionable-claim-two-iphones-this-year-not-three/

iPhone 8 photo "leak" hints at major update:
http://www.newsweek.com/iphone-8-photo-leak-rumors-design-overhaul-589318

Waymo trials free self-driving taxi service in Phoenix:
https://arstechnica.com/cars/2017/04/waymo-trials-free-self-driving-taxi-service-in-phoenix/

Google search changes tackle fake news and hate speech:
http://www.bbc.com/news/technology-39707642

Vizio's new TVs go back to built-in apps and a normal remote control:
http://www.theverge.com/circuitbreaker/2017/4/25/15411048/vizio-2017-p-series-m-series-4k-hdr-tv-pricing-specs-release-date

NASA image shows Earth between the rings of Saturn:
https://www.nasa.gov/feature/jpl/nasa-image-shows-earth-between-the-rings-of-saturn/

Mars rover's landing hardware still visible 13 years later:
https://www.cnet.com/news/nasa-mars-rover-opportunity-eagle-crater-lander/

Is global warming behind record-breaking climate events worldwide?
http://www.techtimes.com/articles/205816/20170425/global-warming-behind-record-breaking-climate-events-worldwide-heres-the-evidence.htm

Plastic-eating caterpillar could munch waste, scientists say:
http://www.bbc.com/news/science-environment-39694553

Scientists create artificial womb that could help prematurely born babies:
http://www.npr.org/sections/health-shots/2017/04/25/525044286/scientists-create-artificial-womb-that-could-help-prematurely-born-babies

"Stealthing" is on the rise:
http://www.bbc.co.uk/newsbeat/article/39705734/stealthing---what-you-need-to-know

Exercise "keeps the mind sharp" in over-50s:
http://www.bbc.com/news/health-39693462


Today's Economic Calendar:
8:55 Redbook Chain Store Sales
9:00 FHFA House Price Index
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 New Home Sales
10:00 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
1:00 PM Results of $26B, 2-Year Note Auction


Notable earnings this afternoon after the bell: RNG, ACGL, AMX, HIW, MC, *PNRA*, *IRBT*, O, DDR, NUVA, CPAC, *ACHC*, BXMT, CSFFF, CVA, EXAC, HT, PSB, ZIXI, CENX, CHSP, FR, IIN, TRN, SPN, JBT, MSA, PEI, CLGX, CYBE, NANX, PRAH, UVE, UHS, VICR, CHFC, *DFS*, FMBI, UCFC, OKSB, CVBF, SYK, CSFL, FIBK, EQR, ASH, BXP, CHRW, *CMG*, *COF*, *CREE*, *EW*, FISI, MRCY, MTSI, RNST, STL, *T*, TRMK, TSS, ULTI, *X*, FBR, ALGT, *LOGI*, NEFF, *SFLY*, *TXN*, BOFI, *JNPR*, SBCF, NBN, ILMN, CB, WYNN, AI, BUSE, ARNC, VVV

And tomorrow before the open: SXT, *IR*, SVNLF, *WYN*, AXTA, DTE, EEFT, MDSO, MIICF, *OC*, *TWTR*, CVE, FLIR, GRA, HUN, PAG, *PEP*, YARIY, *BLMN*, *DPS*, MDCO, ETR, *SIX*, TKC, *WM*, CETV, GKNCF, KOF, SAH, CFWFF, IBDSF, ATGFF, FOE, HTH, UTHR, IART, TPH, MGLN, NEO, PRGX, TRK, APH, BABY, NYCB, TEL, *ALK*, DASTY, HFWA, UFI, NSC, DDAIF, ATLKY, *BAX*, FCAU, *HSY*, *PG*, SCBFF, VNTV, ANTM, *AVY*, *BA*, BOKF, BSBR, CFR, DHIL, EURN, EVR, FSV, *GD*, GSK, *HES*, LEA, MHH, MKTX, MPX, *NDAQ*, *NOC*, PB, RES, ROK, ROL, *SC*, SLAB, SLGN, SMED, SONS, *STT*, SUP, TKR, UCBI, UMC, USAP, UTX, VLY, MHO, *TMO*, BCE, CPF, KRC, OSK, QSR, ESXB, *STX*, WRK, AUDC, BCO, KMT, *CS*, UMBF, VLOUF, NVZMF, ALFVF, ATLCF, WRTBF

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