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Apple Today 4/27/2017 (AAPL)

seymour_greenz • April 27th 2017 01:19:32 PM

Good Morning,

S&P Futures are up 4 with +2 Fair Value, NASDAQ Futures are up 12 with +9 Fair Value and Dow Futures are up 38 on this Thursday with a colossal economic calendar lineup and overstuffed earnings, practically enough to overwhelm NAFTA and tax plan buzz. Techwise, reports of Apple working on a money transfer service are surfacing and Samsung surprises to the upside by reporting its largest quarterly profit since 2013. Bitcoin broke the 1,300 barrier and peaked at around 1,307, right around all-time highs and is "sitting pretty" near 1,300 despite a small dip after reaching the highs.

This morning's Economic Calendar includes: Durable Goods, Initial Jobless Claims, International trade in goods, Retail Inventories, Wholesale Inventories, Bloomberg Consumer Comfort Index, Pending Home Sales, EIA Natural Gas Inventory and Kansas City Fed Mfg Survey

The earnings winners are: GrubHub Inc. (GRUB), up over 15.5%, Nokia Corporation (NOK), up nearly 6.5%, PayPal Holdings, Inc. (PYPL), up nearly 6% and Under Armour, Inc. Class C (UA), up over 5.5%.

On the other hand, F5 Networks, Inc. (FFIV) is down 7.5%, Cliffs Natural Resources Inc. (CLF) down over 5.5% and American Airlines Group (AAL) is down nearly 5.5%.

Futures were up in early morning, drifted flat, then popped up sharply later in the morning and are near the highs as we approach the open.

Asian markets ended mixed. China went up 0.36%, Hong Kong gained 0.49% and Japan went down 0.19%. European markets are down. Germany is down 0.14%, France is down 0.23% and the UK is leading the decline, down 0.58%.

Commodities are mixed this morning. Oil is down 1.61%, natural gas is down 1.19% and gold is up 0.03%. Unleaded gas is down 2.07% and heating oil is down 1.69%. Metals are mixed, gold and silver are up while copper and platinum are down. Meats are mostly up. Corn, wheat and soybeans are up while cocoa, coffee and cotton are down.

Tech earnings power Nasdaq to record high. Draghi sees solid recovery while inflation concern remains.

NETGEAR, Inc. (NTGR) reported Q1 results yesterday afternoon with adjusted earnings of 64 cents per share that beat expectations and is down over 5.5% in pre-market. Equifax Inc. (EFX) announced Q1 results with adjusted earnings of $1.44 per share that beat expectations and is down nearly 1.5%. Forrester Research, Inc. (FORR) reported Q1 results with adjusted earnings of 17 cents per share that and has yet to react. Boston Beer Co. (SAM) announced Q1 results with profit of 45 cents per share that beat expectations and has yet to react. Extra Space Storage, Inc. (EXR) reported Q1 results with earnings of $1.03 per share and is up over 1%. Blackhawk Network Holdings, Inc. (HAWK) announced Q1 results with adjusted earnings of 2 cents per share that beat expectations and has yet to react. Digimarc Corporation (DMRC) reported a Q1 loss of 61 cents per share that beat expectations and has yet to react. Nutrisystem Inc (NTRI) announced Q1 results with profit od 25 cents per share that beat expectations and is down nearly 1%. Citrix Systems, Inc. (CTXS) reported Q1 results with net income of 17 cents per share and is down over 2%. F5 Networks, Inc. (FFIV) announced Q2 results with adjusted earnings of $1.95 per share that missed expectations and is down 7.5%. Las Vegas Sands Corp. (LVS) reported Q1 earnings with mixed results and is down over 2.5%. Tractor Supply Company (TSCO) announced Q1 results with net income of 46 cents per share that met expectations and is up nearly 2%. AGNC Investment Corp. (AGNC) reported Q1 results with adjusted earnings of 64 cents per share that beat expectations and has yet to react. Buffalo Wild Wings, Inc. (BWLD) announced Q1 results with adjusted earnings of $1.44 per share that missed expectations and is down nearly 3%. PayPal Holdings, Inc. (PYPL) reported Q1 results with earnings of 36 cents per share that beat expectations and is up nearly 6%. Cavium Networks, Inc. (CAVM) announced a Q1 loss with adjusted earnings of 58 cents per share that beat expectations and has yet to react. Cimpress N.V. (CMPR) reported Q3 results with a loss of $1.38 per share that missed expectations and has yet to react. Legg Mason Inc. (LM) announced Q4 results with adjusted earnings of 92 cents per share that beat expectations and has yet to react. LG Display Co., Ltd. (LPL) reported Q1 results and.is down nearly 3%.

CME Group Inc. (CME) reported Q1 results this morning with adjusted earnings of $1.22 per share that beat expectations and is down slightly in pre-market. Nokia Corporation (NOK) announced Q1 results with adjusted earnings of 3 cents per share that beat expectations and is up nearly 6.5%. MGM Resorts International (MGM) reported Q1 results that beat expectations and is up over 3%. Domino's Pizza, Inc. (DPZ) announced Q1 results and is up nearly 4.5%. Pinnacle Foods (PF) reported Q1 results with adjusted earnings of 50 cents per share that beat expectations and has yet to react. LendingTree, Inc. (TREE) announced Q1 results with adjusted earnings of 85 cents per share that missed expectations and has yet to react. Southwest Airlines Co. (LUV) reported Q1 results and is down over 3.5%. Under Armour, Inc. Class C (UA) announced a Q1 loss that beat expectations and is up over 5.5%. Union Pacific Corporation (UNP) reported Q1 results and is up nearly 1.5%. American Airlines Group (AAL) announced Q1 results that beat expectations and is down nearly 5.5%. Boston Scientific Corporation (BSX) reported Q1 results with adjusted earnings of 29 cents per share that missed expectations and is down nearly 0.5%. Comcast Corporation (CMCSA) announced Q1 results with net income of 53 cents per share that beat expectations and is up nearly 2%. International Paper Co. (IP) reported Q1 results with adjusted earnings of 60 cents per share that beat expectations and is up slightly. L-3 Communications Holdings Inc. (LLL) announced Q1 results with net income of $2.07 per share that beat expectations and is up over 0.5%. Nomura Holdings, Inc. (NMR) reported Q3 results with earnings of 18 cents per share that beat expectations and is up nearly 3.5%. Bristol-Myers Squibb Company (BMY) announced Q1 results with adjusted earnings of 84 cents per share that beat expectations and is up nearly 3%. Celgene Corporation (CELG) reported Q1 results with adjusted earnings of $1.68 per share that beat expectations and is down over 2%. Dow Chemical Co. (DOW) announced Q1 results with net income of 15 cents per share that beat expectations and is down over 0.5%. Ford Motor Company (F) reported Q1 results that beat expectations and is up over 0.5%. Old Dominion Freight Line, Inc. (ODFL) announced Q4 results with net income of 83 cents that missed expectations and is up 1%. Potash Corporation of Saskatchewan Inc. (POT) reported Q1 results with net income of 18 cents per share that beat expectations and is up nearly 1.5%. Sirius XM Holdings Inc. (SIRI) announced Q1 results that met expectations and is down over 1%. Cliffs Natural Resources Inc. (CLF) reported a Q1 loss of 11 cents per share that missed expectations and is down over 5.5%. Deutsche Bank AG (DB) announced Q1 results and is down nearly 3%. Raytheon Company (RTN) reported Q1 results with adjusted earnings of $1.73 per share that beat expectations and is up nearly 0.5%. United Parcel Service, Inc. (UPS) announced Q1 results with net income of $1.16 per share that beat expectations and is up nearly 0.5%. GrubHub Inc. (GRUB) reported Q1 results with adjusted earnings of 29 cents per share that beat expectations and is up over 15.5%.

This afternoon after the bell, look out for earnings from AthenaHealth, Inc. (ATHN), Pixelworks, Inc. (PXLW), Expedia, Inc. (EXPE), Columbia Sportswear Company (COLM), VeriSign, Inc. (VRSN), Baidu, Inc. (BIDU), Intel Corporation (INTC), Alphabet Inc. (GOOG), Microsoft Corporation (MSFT), Starbucks Corporation (SBUX), Aflac Incorporated (AFL), Vertex Pharmaceuticals Incorporated (VRTX), Cypress Semiconductor Corporation (CY), Amazon.com, Inc. (AMZN), Skyworks Solutions, Inc. (SWKS) and Western Digital Corporation (WDC).

Tomorrow morning before the open, Goodyear Tire & Rubber Co. (GT), Spirit Airlines (SAVE), Thomson Reuters Corporation (TRI), Dun & Bradstreet Corp. (DNB), General Motors Company (GM), Synchrony Financial (SYF), Barclays PLC (BCS), Chevron Corporation (CVX), Phillips 66 (PSX), The Royal Bank of Scotland Group plc (RBS), Royal Caribbean Cruises Ltd. (RCL), Exxon Mobil Corporation (XOM) and UBS Group AG (UBS) are expected to report.

A leading Bullish MSFT swing trade strategy is: When the 10 SMA is Above the 28 DEMA AND the 5-day Smoothed Stochastics is Bullish, daily bars.

AAPL stretched back to mid-143, ending down 0.59% on low volume. AAPL opened at 144.47 to high volume and quickly set an intra-day high of 144.6 at 9:42am on moderate volume before slipping to 144 shortly after 10am. AAPL remained in a narrow range around 144 on low volume until 3:30pm when AAPL dipped to the mid-143 area and scraped a last-minute intra-day low of 143.38 at 3:54pm on moderate volume before bouncing into the close. AAPL ended the day down 85 cents at 143.68 and dropped 20 more cents in after-hours to 144.48.

This morning in pre-market, AAPL opened higher in conjunction with Futures and hit a high of 144 as Citi maintained AAPL coverage with a Buy and $160 target. AAPL is currently flat at 143.68 as we approach the open.

Classic max-pain is 142.


Tech earnings power Nasdaq to record high:
http://www.reuters.com/article/us-usa-stocks-idUSKBN17T1O4

Draghi sees solid recovery while inflation concern remains:
https://www.bloomberg.com/news/articles/2017-04-27/draghi-sees-diminished-growth-risks-even-as-inflation-is-lacking

Ford profit beats estimates, maintains 2017 profit outlook:
http://www.reuters.com/article/us-ford-results-idUSKBN17T1JO

Apple again in talks for peer-to-peer mobile payments, may launch its own Visa debit cards:
https://www.macrumors.com/2017/04/27/apple-mobile-payments-visa/

Here's what we think we know about Apple's 10th-anniversary iPhone:
http://www.zdnet.com/pictures/iphone-8-heres-what-we-think-we-know-about-apples-10th-anniversary-iphone/

App stores saw record revenue and downloads in Q1 2017:
https://techcrunch.com/2017/04/27/app-stores-saw-record-revenue-and-downloads-in-q1-2017/

Amazon aims to keep its hot streak going:
https://www.cnet.com/news/alexa-at-the-bat-amazon-aims-to-keep-its-hot-streak-going/

Nintendo plans to ship 10 million Switch consoles in the next year:
https://arstechnica.com/gaming/2017/04/nintendo-plans-to-ship-10-million-switch-consoles-in-the-next-year/

Giant Hurricane on Saturn among 1st images back from Cassini's epic ring dive:
http://www.space.com/36634-giant-saturn-hurricane-cassini-ring-dive-photos.html

Mars-like soil can be pressed into strong bricks for building on the Red Planet:
http://www.theverge.com/2017/4/27/15436154/mars-soil-simulant-study-building-human-missions

Million-year old water explains Blood Falls mystery:
http://newatlas.com/million-year-blood-falls/49204/

First Americans claim sparks controversy
http://www.bbc.com/news/science-environment-39710311

"Minibrains" in a dish shed a little light on autism and epilepsy:
http://www.npr.org/sections/health-shots/2017/04/26/525705550/minibrains-in-a-dish-shed-a-little-light-on-autism-and-epilepsy

Mother carries baby without brain to term to donates organs saying goodbye:
http://www.independent.co.uk/news/world/americas/mother-baby-no-brain-term-newborn-donate-organs-keri-royce-eva-young-say-goodbye-a7705886.html

Energy drinks could have unhealthy impact on heart rhythm and blood pressure:
http://www.techtimes.com/articles/206034/20170427/energy-drinks-could-have-unhealthy-impact-on-heart-rhythm-and-blood-pressure.htm

New, deadlier trend in the raging opioid epidemic... elephant tranquillizer:
https://arstechnica.com/science/2017/04/new-deadlier-trend-in-the-raging-opioid-epidemic-elephant-tranquilizer/


Today's Economic Calendar:
8:30 Durable Goods
8:30 Initial Jobless Claims
8:30 International trade in goods
8:30 Retail Inventories
8:30 Wholesale Inventories
9:45 Bloomberg Consumer Comfort Index
10:00 Pending Home Sales
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $28B, 7-Year Note Auction
3:00 PM Farm Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet


Notable earnings this afternoon after the bell: AIV, *ATHN*, ATR, ENVA, ESS, HIG, KRG, MOBL, POWI, *PXLW*, SKYW, SSD, VVI, WSTG, APAM, ATEN, SGEN, SITO, TRMB, AEM, CUZ, *EXPE*, TCO, INT, COBZ, COHU, *COLM*, CXP, ELLI, LPLA, MERC, NR, PDFS, RSG, SSNC, VCRA, *VRSN*, OFC, CERN, CYTK, FE, LTRX, VDSI, CLD, SCKT, OCANF, BJRI, CNSWF, CUBE, ECOL, FQVLF, FRFHF, MDCA, NEXJF, PCMI, FPO, MMSI, PEB, ALDR, BNFT, EHTH, HLS, ORC, TNDM, AVHI, *BIDU*, BVN, COWN, DLR, MHK, NSU, SGMS, SPNC, SWN, SNMX, BOOM, EGO, MBFI, *INTC*, CMRE, GHL, *GOOG*, *MSFT*, OCFC, *SBUX*, SIVB, SPSC, *AFL*, ARAY, FTNT, KLAC, MWA, RMD, CSL, LRN, AMKR, DRGDF, IBKC, MSTR, SIMO, *VRTX*, *CY*, MITK, ABAX, AJG, ALGN, *AMZN*, BRKS, EMN, EPAY, FII, FLEX, GIMO, GNBC, GSB, HELE, INVA, ISBC, KTEC, MATW, MBTF, MRLN, MSCC, NATI, PFG, RGA, SMCI, *SWKS*, SYNA, TBBK, *WDC*, WSFS, MAC, FICO, CAA, GPRO, TEAM, HBIO, MRIC, HOPE, ULH, SRPT, FHB, FTV, MSBI, OGDCF, SYAAF, TVTY

And tomorrow before the open: IRMD, SAIA, WETF, WY, *GT*, *SAVE*, SNY, GPI, *TRI*, TYPE, *DNB*, CPN, FET, LPNT, POR, VTR, AIMC, HST, NHYDY, AAN, B, CIR, COG, PEG, VFC, MDXG, FMX, CEMP, ZEUS, DRAD, KBR, PNM, ZODFF, *GM*, LYB, *SYF*, AVX, CPLP, AGCO, *BCS*, BEN, BSMX, DNBHF, ELUXF, CL, BSAC, TMST, MOG.A, ALV, ASX, CCJ, *CVX*, HRC, LEG, LNAGF, MTRN, PFS, *PSX*, PSXP, *RBS*, *RCL*, SBSI, *XOM*, *UBS*, APO, VLP, VNCE, IDXX, GTOFF, FUPEF, VRTS, BNDSF, ROP, MTUAF, ADNT, BNKXF, RXLSF

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