Apple Today - 7/27/2016 FED (AAPL)seymour_greenz July 27th 2016 09:33:22 AM
NASDAQ Futures are up 37 with +35 Fair Value, S&P Futures are up 4 with +4 Fair Value and Dow Futures are up 48 as a plethora of earnings pour in and the reactions to the results mount, including optimism for AAPL, and we await another strong earnings wave over the next 24 hours. Today is also a fairly busy day of economic data with a FOMC announcement at 2pm. Futures were up in early morning, peaked just before 3:30am and have held up quite strong despite a shallow dip just before 7:30am and have since bounced up as we await the open.
Asian markets ended mixed. China dropped 1.91%, Hong Kong went up 0.40% and Japan gained 1.72%. European markets are up. The UK is up 0.65, Germany is up 0.92% and France is leading the advance, up 1.64%.
Commodities are mixed this morning. Oil is down 0.26%, natural gas is down 0.90% and gold is down 0.11. Unleaded gas is flat and heating oil is down 0.72%. Metals are mostly down except gold spot and platinum. Meats are mostly up. cocoa, cotton, corn, wheat and soybeans are up while coffee is down.
US stock-index Futures rise as Apple rallies on cheaper iPhone.
Apple Inc. (AAPL) reported Q3 earnings that beat expectations and is up over 8% in pre-market. Akamai Technologies, Inc. (AKAM) is down over 12% after announcing Q2 earnings with mixed results. Panera Bread Company (PNRA) reported Q2 earnings that topped forecasts and is up nearly 4%. Twitter, Inc. (TWTR) announced Q2 earnings and is down over 10.5% on slowing growth. Buffalo Wild Wings, Inc. (BWLD) announced Q2 earnings that beat estimates and is up over 5%. United States Steel Corporation (X) reported a Q2 loss and is up over 8%. Cavium Networks, Inc. (CAVM) is up over 5% after reporting a Q2 loss but beating estimates. Juniper Networks (JNPR) reported Q2 earnings that topped expectations and is down nearly 2%.
Ingersoll-Rand plc (IR) reported Q2 earnings that beat expectations and is up over 1%. The Coca-Cola Company (KO) announced Q2 earnings below expectations with weak international markets to blame and is down over 2%. ARM Holdings, plc (ARMH) reported Q2 earnings that beat estimates and is down over 0.5%. Dr Pepper Snapple Group, Inc. (DPS) is up slightly after posting a profitable Q2. Garmin Ltd. (GRMN) announced Q2 earnings that beat expectations and is up over 8.5%. T-Mobile US, Inc. (TMUS) reported a profitable Q2 with earnings that beat estimates and is up over 1.5%. Waste Management, Inc. (WM) announced Q2 earnings that beat expectations and is up over 0.5%. Angie's List, Inc. (ANGI) is up over 11.5% after posting a Q2 profit and surpassing expectations. Hilton Worldwide Holdings (HLT) announced a Q3 earnings lag and cut 2016 forecast and is down over 1.5%. Corning Inc. (GLW) reported Q2 earnings that topped forecasts and is up nearly 1%. The Boeing Company (BA) is up 2% after announcing Q2 earnings with a loss of 44 cents yet beat expectations. Comcast Corporation (CMCSA), reported Q2 earnings that topped expectations, yet showed a decrease in film sales and is up nearly 2.5%. General Dynamics Corporation (GD) announced Q2 earnings that topped expectations and is up nearly 1.5%. Level 3 Communications, Inc. (LVLT) announced Q2 earnings that beat forecasts and is down over 3%. Deutsche Bank AG (DB) reported Q2 earnings that missed and is down over 2%.
This afternoon after the bell, look out for earnings from Callaway Golf Company (ELY), NETGEAR, Inc. (NTGR), Molina Healthcare, Inc. (MOH), Limelight Networks, Inc. (LLNW), Forrester Research, Inc. (FORR), Whole Foods Market, Inc. (WFM), Groupon, Inc. (GRPN), The Cheesecake Factory Incorporated (CAKE), Arris Group Inc (ARRS), Chicago Bridge & Iron Company (CBI), Nutrisystem Inc (NTRI), Cirrus Logic, Inc. (CRUS), Cimpress N.V. (CMPR), Facebook (FB), Shutterfly, Inc. (SFLY), Vertex Pharmaceuticals Incorporated (VRTX) and Legg Mason Inc. (LM).
Tomorrow morning before the open, Cardtronics, Inc. (CATM), Deckers Outdoor Corporation (DECK), Mettler Toledo International Inc. (MTD), Pixelworks, Inc. (PXLW), Sealed Air Corporation (SEE), Expedia, Inc. (EXPE), Diebold Inc. (DBD), GNC Holdings, Inc. (GNC), Thomson Reuters Corporation (TRI), Travelzoo Inc (TZOO), World Wrestling Entertainment, Inc. (WWE), CBS Corporation (CBS), MoneyGram International, Inc. (MGI), VeriSign, Inc. (VRSN), PG&E Corporation (PCG), ARIAD Pharmaceuticals, Inc. (ARIA), Fortress Investment Group LLC (FIG), Pinnacle Foods (PF), LendingTree, Inc. (TREE), Baidu, Inc. (BIDU), Stamps.com Inc. (STMP), Harley-Davidson, Inc. (HOG), The Hershey Company (HSY), Aflac Incorporated (AFL), Boston Scientific Corporation (BSX), International Paper Co. (IP), L-3 Communications Holdings Inc. (LLL), Nomura Holdings, Inc. (NMR), Bristol-Myers Squibb Company (BMY), Celgene Corporation (CELG), ConocoPhillips (COP), Dow Chemical Co. (DOW), Ford Motor Company (F), Old Dominion Freight Line, Inc. (ODFL), Potash Corporation of Saskatchewan Inc. (POT), Thermo Fisher Scientific Inc. (TMO), Cliffs Natural Resources Inc. (CLF), Cypress Semiconductor Corporation (CY), MasterCard Incorporated (MA), Raytheon Company (RTN), Volkswagen AG ADR (VLKAY), NetSuite Inc. (N), GrubHub Inc. (GRUB), New York Times Co. (NYT) and Credit Suisse Group AG (CS) are expected to report.
AAPL drifted lower into the earnings event yesterday, dipping 0.73% on a bit higher than average volume. AAPL opened at 96.83 to high volume and set an intra-day high of 97.97 on moderately high volume before struggling in the upper-97 area and falling throughout the afternoon, hitting a low of 96.42 at 3:22pm on moderately high volume and bouncing slightly into the close. AAPL ended the day down 67 cents at 96.63. After reporting strong earnings, AAPL soared up above 103 and ended after-hours up 6.62 at 103.25.
This morning in pre-market, AAPL opened up higher at 103 and drifted to the lower-102 area before recovering 103 and then pushing up above 104. AAPL is currently up 7.73 at 104.40 as we approach the open.
Classic max-pain is 97.
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Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:30 Durable Goods
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $15B, 2-Year FRN Auction
2:00 PM FOMC Announcement
Notable earnings this afternoon after the bell: ECHO, *ELY*, *NTGR*, TTMI, *MOH*, ALSN, HMN, *LLNW*, OTEX, *FORR*, KGC, LPSN, NCIT, O, VNDA, *WFM*, INT, *GRPN*, INFN, SSNC, *CAKE*, FALC, ABX, *ARRS*, MANT, NVDQ, QDEL, SCKT, SPRT, FQVLF, PCMI, MMSI, ABCO, GSS, ATNI, AXTI, CSGP, CW, LMAT, SPOK, WLL, WSR, ALEX, *CBI*, GG, HK, *NTRI*, VNR, OCN, ICAD, KONA, ISIG, HCCI, ASPU, ODPVY, FBHS, KNX, LRCX, NOW, TIS, SPSC, MKSI, NXPI, *CRUS*, AF, CACB, *CMPR*, CNMD, DBOEY, DLB, DRGDF, *FB*, HOLX, KIM, LOB, LOGI, LUNMF, MN, NE, NEFF, NGD, *SFLY*, TER, VAR, *VRTX*, WHG, XL, XLNX, AMCC, AMGN, COHR, DCOM, HBM, ISBC, NATI, SBCF, TMST, *LM*, NBN, MB, IAC, MAA, MCK, MUR, RRTS, GPRO, QTM, CA, GNRT, ENIA, TYG
And tomorrow before the open: AIV, ATR, *CATM*, *DECK*, ESS, HIG, KRG, *MTD*, NSR, OCLS, OMCL, OUTR, *PXLW*, SKYW, SRCL, SSD, THG, YRCW, CME, MINI, OAK, CLMS, BGCP, *SEE*, *EXPE*, SB, TCO, AB, ACOR, ALLE, BG, BWA, COR, CVE, CYS, *DBD*, *GNC*, GPI, IVC, NICE, PAG, TCK, TOT, *TRI*, TRP, *TZOO*, ULBI, UNIEF, *WWE*, BCOR, BCOV, *CBS*, ELLI, LPLA, MERC, *MGI*, NR, PDFS, RSG, VCRA, *VRSN*, IPGP, CYTK, MEP, WRI, EIG, PES, CLD, BCC, CAB, CRAI, CVI, CVRR, GOV, ICD, LDOS, OCANF, PATK, *PCG*, ROCK, SCG, UAN, ARII, AUY, CUBE, FLS, MDCA, NEXJF, COMM, THRM, CHMT, *ARIA*, STAY, EIX, GNMK, UCTT, CFWFF, CPSS, INOD, LAD, MCS, PRYMF, SQBG, CWT, CYBE, DTLK, MDDWF, TNDM, UVE, ACIW, ALKS, EME, FCN, *FIG*, FUR, GTLS, HEES, HTH, INCR, IRDM, LKQ, NEWM, *PF*, SERV, TFX, TNHPF, *TREE*, TRS, UTHR, VALE, VC, BGS, *BIDU*, DAIO, DGI, DLR, ERIE, GIFI, IART, LYV, SBAC, SPNC, *STMP*, AMT, BWEN, DRAD, TEF, STNG, VGR, GSL, MLFNF, DSX, GEGYF, SUBCY, AGEN, BTE, HSON, SFE, SNMX, FLY, MVIS, BOOM, IGT, EORBF, FLYLF, GPN, RPM, ACRFF, *HOG*, FITB, LAZ, MDWD, RNSDF, SKYAY, CRS, *HSY*, PNR, *AFL*, ISIL, RMD, VNTV, BEN, BHI, *BSX*, EURN, FI, *IP*, LEA, *LLL*, MKTX, NAP, *NMR*, NTOIF, RDN, SXC, SXCP, TKR, WILN, CBL, QGEN, BBD, BMS, *BMY*, CBG, *CELG*, CMS, COLB, *COP*, DFT, *DOW*, DVD, EFSC, EPD, EQM, EQT, *F*, FHCO, GWB, IVZ, LYG, MJN, MPLX, MTH, NOV, *ODFL*, PENN, *POT*, PRLB, PSTB, PTEN, SKM, SPB, SQNS, STBZ, *TMO*, YNDX, ADP, AEP, ALXN, APD, BC, BZH, CCMP, CIT, CL, *CLF*, CPF, CRR, CSH, *CY*, DDE, DLX, GLOP, INGR, *MA*, MD, MDP, MEGEF, MITK, MMC, MPC, MSCI, ORI, OSK, PJC, *RTN*, TPX, *VLKAY*, WCC, WEIGF, YITYY, ZBH, AJG, ALGN, BRKS, CPT, DGII, FII, GIMO, GSB, IFSPF, INVA, KTEC, MATW, MBTF, MRLN, MSCC, *N*, PCCC, PFG, RGA, TBBK, TLGT, CCJ, LNAGF, MTRN, PX, TGCDF, HP, LMNX, RTEC, ABMD, BCO, BNPQF, CFX, FSS, *GRUB*, HCA, KEM, *NYT*, TMBCF, RDS.A, TGI, BT, ITG, NTCT, SNN, WFT, WRLD, CAA, GSIT, INVN, NVCR, *CS*, MNRO, TCKGF, IXYS, LPG, CMCO, SSNLF, NRDXF, SPGI, AAUKF, ADX, AIBSF, ASMIY, AZNCF, CFFN, CODGF, CPYYF, DEG, DGEAF, DLGNF, EDPFY, EQGP, GEAGF, HBIO, IBCP, IDA, IFPJF, IPSEY, PAC, PBSFF, RELX, RYCEF, SHNWF, VLOUF, WKCMF