Apple Today 11/22/2016 (AAPL)
seymour_greenz • November 22nd 2016 10:54:43 AM
Good Morning,
S&P Futures are up 4 with +1 Fair Value, NASDAQ Futures are up 20 with +16 Fair Value and Dow Futures are up 47 as the turkey and cranberries patiently await cooking. Highlights of the economic calendar include Chain Store Sales and Existing Home Sales this morning. The earnings calendar winners include Barnes & Noble Inc (BKS), up nearly 5.5%, Movado Group, Inc. (MOV), up nearly 5% and Hormel Foods Corporation (HRL), up a meaty 5% and stinkers Palo Alto Networks (PANW), down over 11% and Medtronic plc (MDT), down over 7.5%. Upcoming earners this afternoon include HP Inc. (HPQ), Urban Outfitters, Inc. (URBN), GameStop Corp. (GME), Hewlett Packard Enterprise (HPE) and Deere & Company (DE), Trina Solar Limited (TSL), Infineon Technologies AG (IFNNF) tomorrow morning. Futures were up in early morning, slowly declined after 4am and, while still in the green, are near the lows as we approach the open.
Asian markets ended up. China gained 0.94%, Japan went up 0.31% and Hong Kong led the advance, up 1.43%. European markets are up. Germany is up 0.56%, France is up 0.71% and the UK is leading the advance, up 0.86%.
Commodities are mixed this morning. Oil is down 0.44%, natural gas is up 0.10% and gold is up 0.42%. Unleaded gas is up 0.64% and heating oil is up 0.08%. Metals are up. Meats are mostly up. Cocoa, coffee cotton, corn, wheat and soybeans are down.
Dow ticks above 19,000 for the first time ever.
Jack In The Box Inc. (JACK) reported Q4 results yesterday afternoon with adjusted earnings of $1.03 per share that beat expectations and is down over 3.5% in pre-market. Palo Alto Networks (PANW) reported a Q1 loss and is down over 11%. Weibo Corporation (WB) is down slightly after reporting adjusted earnings of 24 cents per share, topping expectations.
Analog Devices Inc. (ADI) reported Q4 results this morning with adjusted earnings of $1.05 per share and is up over 5% in pre-market. Cracker Barrel Old Country Store, Inc. (CBRL) announced Q1 results that beat expectations and is up nearly 4.5%. Campbell Soup Company (CPB) is up over 2.5% after reporting a profitable Q1 that topped estimates. Dollar Tree, Inc. (DLTR) announced Q3 results that beat expectations and is up nearly 8%. Medtronic plc (MDT) reported Q2 results with a revenue miss and is down over 7.5%. Barnes & Noble Inc (BKS) announced Q2 results with a loss of 29 cents per share and is up nearly 5.5%. Burlington Stores, Inc (BURL) is up nearly 9% after beating Q3 profit estimates with adjusted earnings of 51 cents per share. Movado Group, Inc. (MOV) reported Q3 results with adjusted earnings of 91 cents per share that beat expectations and is up nearly 5%. Hormel Foods Corporation (HRL) is up a meaty 5% after reporting Q4 results with increased profit. Seadrill Limited (SDRL) announced Q3 adjusted earnings of 28 cents per share, beating expectations and is up over 1.5%.
This afternoon after the bell, look out for earnings from HP Inc. (HPQ), Urban Outfitters, Inc. (URBN), GameStop Corp. (GME) and Hewlett Packard Enterprise (HPE).
Tomorrow morning before the open, Deere & Company (DE), Trina Solar Limited (TSL) and Infineon Technologies AG (IFNNF) are expected to report.
A leading bullish NFLX swing trade strategy is: When the 3 DEMA is Above the 28 DEMA AND the 27 day Smoothed Stochastics is Bullish, daily bars.
AAPL pulse showed some kick yesterday, ending up 1.54% on low volume. AAPL opened up at 110.02 to high volume and immediately set an intra-day low of 110.02 on high volume before pulsing up to 111 on strong volume and then taking a breather in the mid-110 area after 10am on low volume before zipping up to the mid-111 zone by lunchtime holding that area on low volume and moving up later in the afternoon. AAPL went on to hit an intra-day high of 111.99 within minutes of the close and ended the day up 1.69 at 111.75 and gained 5 cents in after-hours to 111.80.
This morning in pre-market, AAPL opened higher in conjunction with Futures and and forged a pre-market high of 112.12 at 5:43am before settling down back below 112 later in the morning. AAPL is currently up 16 cents at 111.89 as we approach the open.
Classic max-pain is 110.
Dow ticks above 19,000 for the first time ever:
http://www.reuters.com/article/us-usa-stocks-idUSKBN13H19R
Campbell Soup's profit beats on lower costs:
http://www.reuters.com/article/campbell-soup-results-idUSL4N1DN3LJ
Dr Pepper Snapple to buy antioxidant drinks maker Bai for $1.7 billion:
http://www.reuters.com/article/us-baibrands-m-a-dr-pepper-snapp-idUSKBN13H14U
Here is the world's skewed distribution of wealth in a single graphic:
http://www.businessinsider.com/credit-suisse-wealth-pyramid-2016-11
Apple is teasing a Black Friday sale for the 1st time in years:
http://time.com/4579777/apple-black-friday-2016/
Microsoft CEO laughs at Apple for making iPad Pro like Surface:
https://www.cnet.com/news/microsoft-ceo-laughs-at-apple-making-ipad-pro-like-surface-nadella/
Facebook's Aquila drone is under investigation for a structural failure:
http://www.theverge.com/2016/11/21/13708512/facebook-aquila-ntsb-investgation-structural-failure
Amazon wants to add live sports streams to Prime:
http://arstechnica.com/business/2016/11/report-amazon-wants-to-add-live-sports-streams-to-prime/
Google Wi-Fi smokes other routers in speed test:
http://www.tomsguide.com/us/google-wifi-vs-luma-eero,news-23899.html
You don't need a PC powerhouse to use Microsoft's $300 Windows 10 VR headsets:
http://www.techtimes.com/articles/186616/20161122/no-you-dont-need-a-pc-powerhouse-to-use-microsofts-300-windows-10-vr-headsets-minimum-system-requirements-revealed.htm
Microsoft puts quantum computing higher on its hardware priority list:
http://www.infoworld.com/article/3143772/high-performance-computing/microsoft-puts-quantum-computing-higher-on-its-hardware-priority-list.html
x86 emulation rumoured to be coming to Windows for ARM in late 2017:
http://arstechnica.co.uk/information-technology/2016/11/x86-emulation-windows-for-arm-late-2017/
Netflix 4K streaming comes to the PC with Kaby Lake CPU:
http://arstechnica.com/gadgets/2016/11/netflix-4k-streaming-pc-kaby-lake-cpu-windows-10-edge-browser/
HTC 10 Evo announced with water resistance and adaptive earbuds:
http://www.zdnet.com/article/htc-10-evo-announced-with-water-resistance-and-adaptive-earbuds/
Why everyone is obsessed with NES Classic:
http://www.usatoday.com/story/tech/gaming/2016/11/21/why-everyone-obsessed-nes-classic/93954308/
Find hot Black Friday deals online -- same as stores:
http://www.usatoday.com/story/money/business/2016/11/22/94259722/
NASA team claims "impossible" space engine works:
http://news.nationalgeographic.com/2016/11/nasa-impossible-emdrive-physics-peer-review-space-science/
Is the moon's gravity lopsided?
http://www.csmonitor.com/Science/2016/1121/Is-the-moon-s-gravity-lopsided
Space fire!
http://www.space.com/34789-nasa-space-fire-experiment-saffire.html
Extraordinarily hot Arctic temperatures alarm scientists:
https://www.theguardian.com/environment/2016/nov/22/extraordinarily-hot-arctic-temperatures-alarm-scientists
Most students can't tell the difference between sponsored content and real news:
http://www.theverge.com/2016/11/22/13712996/fake-news-facebook-google-sponsored-content-study
Dementia rates show signs of falling:
http://www.bbc.com/news/health-38026696
Chipotle's 300-calorie burrito left customer too full, and he's suing:
http://www.usatoday.com/story/money/business/2016/11/21/customers-suing-chipotle-over-300-calorie-burrito/94211910/
Today's Economic Calendar:
8:55 Redbook Chain Store Sales
10:00 Existing Home Sales
10:00 Richmond Fed Mfg.
11:30 Results of $13B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction
Notable earnings this afternoon after the bell: PFLT, HRG, RSGUF, *HPQ*, VEEV, NMBL, *URBN*, QADA, BORN, CAL, *GME*, *HPE*, BNIKF
And tomorrow before the open: *DE*, ABLYF, *TSL*, ALOT, UUGRY, *IFNNF*, TCKGF, ICL