Wednesday, January 28, 2015

Apple to the rescue!



Good morning folks, 

AAPL and YHOO delivered some good news after the close and this morning BA has crushed their earnings setting the tone for some green on the open this morning. 

Yesterday was an interesting day as some of the blue chips got whacked from negative earnings out of a few big multinational companies. Small caps actually held up fairly well the IWM and IBB both held their ground. There wasn't a huge spike in volatility indicating a rise in fear. Gold had a decent bounce and oil was down but it seems like it is trying to build a base in this range.

Remember that today is Fed day and while the market may react to whatever the announcement is > earnings will be what drive the markets. We have some more big name reports coming out this week. 



Stocks on my Radar

X earnings beat AKS continuation in sympathy, PLUG and FCEL possible continuation, APRI patent news I would not chase it but worth watchin, PSTI gappin not sure why, ADXS pr possible continuation, USAT continuation, GERN like the daily, JRJC active premarket this one can pop and flop so be careful, ABMD huge premarket move 

USO TVIX IBB IWM NDAQ TZA SPY UUP NUGT JDST for Sentiment 


CNBC in the News

IN THE NEWS TODAY
U.S. stock futures were volatile in early trading, following Apple's (AAPL) blockbuster earnings and Tuesday's 291-point Dow decline on troubling quarterly results from some other of the nation's biggest corporations. (CNBC)
Following disappointing earnings and subsequent declines Tuesday from Dow stocks Caterpillar (CAT),Procter & Gamble (PG), and Microsoft (MSFT), another Dow component Boeing (BA) reports this morning. Meanwhile, Facebook (FB) leads today's after-the-bell earnings list. (CNBC)

Apple's biggest ever quarterly profit blew past expectations, with revenue also swamping forecasts on strong sales, particularly in China, of the new iPhone 6 and iPhone 6 Plus during the holiday season. Meanwhile, the tech giant's cash pile rose to almost $178 billion. (CNBC)

Apple plans to begin shipping its new smartwatch sometime in April, CEO Tim Cook said on Tuesday's earnings call-insisting the timeline was not later than expected, as some analysts suggested. (CNBC)

Yahoo (YHOO) said it'll spin off its 15 percent stake inAlibaba (BABA) into a separate company in a tax-free transaction . Meanwhile, Yahoo reported better-than-expected earnings, with revenue roughly matching estimates. (CNBC)

Marissa Mayer likely extended her time as Yahoo's CEO by announcing that spin-off the company's stake in Alibaba, large shareholders in the Internet company told CNBC, but they added that she's still on the clock. (CNBC)

The Fed ends its two-day meeting today and policymakers are expected to signal that they remain on track to begin raising interest rates later this year, despite low inflation and rising risk abroad. (Reuters)

Greek stocks continued to tumble today, following the victory of the far-left in Sunday's national elections and new signals the party does not plan to back down from its anti-austerity pledges. (Reuters)

The Obama administration has decided to scrap a plan to tax 529 college savings plan withdrawals-calling the proposed change a "distraction" and saying there are plenty of other ways to raise revenue as part of their budget. (CNBC)

Republican Sen. John McCain from Arizona joins CNBC's "Squawk Box" at 8:30 a.m. ET to talk everything politics from the 2016 presidential election to the U.S. standing on the world stage.

A strong majority of Americans would want authorities to restore often-significant financial aid given to Obamacare customers in much of the United States if the Supreme Court rules that such assistance is illegal, a new survey showed. (CNBC)

The monster winter storm that spared the New York City-area Tuesday, ended up burying parts of Massachusetts with as much as three feet of snow, bringing ferocious winds and coastal flooding. (Boston Globe)



BY THE NUMBERS
There are no government economic reports out today ahead of the Fed statement, which will be released at 2 p.m. ET. There is no post-decision news conference this time around. Fed chair Janet Yellen's next news conference is set to follow the central bank's March meeting.
With oil dropping once again this morning, traders will be keeping a close watch on the weekly inventory reportfrom the Energy Department-set for release at 10:30 a.m. ET.

STOCKS TO WATCH
Arm Holdings (ARMH) is seeing its shares rise in the premarket this morning, along with other companies that supply parts to Apple. Arm is a provider of graphics processing chips.
Dow component AT&T (T) late Tuesday issued better-than-expected adjusted earnings and revenue, as mobile device deals attracted more customers but existing users also switched to other networks at a higher rate.

Sony (SNE) is planning to cut around 1,000 additional jobs in its struggling smartphone division as it tries to bring its electronics business back into the black.

Electronic Arts (EA) saw its quarterly profit come in 30 cents above estimates, with the video game maker's revenue beating forecasts. The company also raised its full year guidance.


Amgen (AMGN) beat estimates by 11 cents with adjusted earnings, with revenue also above consensus. The drugmaker's results were helped by strong salesof its Enbrel treatment for rheumatoid arthritis.


Seeking Alpha
Today's Markets:
In Asia, Japan +0.2% to 17796. Hong Kong +0.2% to 24862. China -1.4% to 3307. India flat at 29559.
In Europe, at midday, London -0.2%. Paris -0.4%. Frankfurt -0.2%.
Futures at 6:20: Dow -0.2%. S&P +0.1%. Nasdaq +0.8%. Crude -1.7% to $45.44. Gold -0.1% to $1290.60.
Ten-year Treasury Yield flat at 1.83%
Notable earnings before today's open: ABCABMDACATADTAEP,AHGPAMEANTMARLPBABABYBAHBOKFCFRCRSCVLT,EATENREVERFCAUGDGIBGNTXHCBKHESHTCHIPKLIC,KNXMDCMDPMKCMKTXMTORPCHPGRPXRDWRRESROK,ROLRYAMSEICSPILSTJSTMTELTROWTUPTXT
Notable earnings after today's close: AFALBALGTAMPATKAVB,AZPNCACICAVMCBTCGICLBCMOCPTCRUSCSIICTXSDHT,DREESIOEXTRFBFLEXFTNTGGPGHLHOLXIBKCIEXISIL,JECKEXLRCXLVSMEOHMKSIMLNXMURNOWPRXLPTC,QCOMQGENSGISHORSLGSTLDSWFTTERTGITSCOTTEK,UMPQVARVRTX

Best of Success!