Tuesday, April 28, 2015

Keep Moving Forward

Good morning Folks, 
APPL crushed it but the big story yesterday was the action in the IBB over the weekend in the live video we talked about the fact that there may be some rotation out of the IBB and into other sectors and it appears that we had a bit of that yesterday. 
Gold had a nice little pop back over $1200 off of Venezuela converting some of its gold reserves into cash. Keep an eye on metals and miners. 

 China is planning more easing so the party could continue in their markets I continue to hold a small position in YANG and I am looking for it to find support to add. 

 This week is especially busy on the earnings front TWTR reports after the close and I am considering taking a small position into earnings. 

 I started a small swing position in HOTR which was on my watchlist video this week. That turned out to be ill timed as they announced a shelf offering after the close. I have no plans to sell it in a panic I removed my stop and plan to hold it a bit and see how it settles. I like what the company is doing in terms of growth through acquisitions and I recognize that growth consumes cash. They announced the signing of a letter of intent to acquire another "better" burger chain with 8 locations in the pacific northwest. I was just a small starter swing so I am comfortable looking for an area to possibly add to my position once it settles. I took the trade knowing I was planning to take it home and what I was looking for was a 3 dolla roll. I think its a hot space and I like the direction management is headed. However, In retrospect I wish I would have waited to start building my position since the market was weak and I was fighting the tape. 

 Remember we have a lot of economic data to absorb this week and the Fed starts its meeting today so this could be a wild week. 


 Stocks on my Radar Premarket
TASR and DGLY both popping off the unrest in Boston, VDSI earnings pop could go for 52 week highs, KEG nice looking daily lil pop premarket, 

 CNBC in The NEWS

IN THE NEWS TODAY
It's a busy day for earnings, with Dow stocks Merck (MRK) and Pfizer (PFE) this morning both beating on their respective top and bottom lines. But Ford(F) today reported earnings and revenue that missed expectations. Meanwhile, Twitter (TWTR) leads this afternoon's after-the-bell reports. (CNBC)
Shares of Apple (AAPL), another Dow component, were higher in premarket trading, after beating expectations with earnings and revenue late Monday; expanding its capital return program to $200 billion; and growing its cash hoard to $193.5 billion. (CNBC)
During the earnings conference call, Apple CEO Tim Cook said the Apple Watch would be available in additional countries before the end of summer, and Best Buy (BBY), a supporter of an alternative mobile pay system, wouldbegin accepting Apple Pay . (CNBC & Re/code)
Even with a few earnings beats, U.S. stock futures were lower in early trading, ahead of this morning's start of the Fed's two-day policy meeting. Wall Street finished lower Monday, led by a 4 percent decline in the recently record-setting Nasdaq. (Reuters)
The strong dollar and low inflation still have market watchers believing the Fed will hike interest rates this year, but by less than previously expected, and with a later start, according to the April CNBC Fed Survey.
Baltimore has descended into chaos with widespread rioting, arson, and looting, after the funeral of Freddie Gray, a black man who died in police custody. A state of emergency has been declared. | A powerful fire destroyed a senior center under construction in East Baltimore. (NBC News & CNBC)
GOP presidential contender Rand Paul said removing Saddam Hussein from power in Iraq was a "mistake." The senator from Kentucky also suggested Libya deteriorated because of the overthrow of Muammar Gaddafi. (NY Times)
The contentious issue of marriage for same-sex couples comes to the U.S. Supreme Court today-the first big legal showdown of its kind since laws against interracial marriage were struck down almost 50 years ago. (NBC News)


BY THE NUMBERS
The Greek Prime Minister might have reshuffled the team handling its fraught bailout negotiations, but analysts warned the move was unlikely to pave the way for a much-needed deal.
President Barack Obama and Japanese Prime Minister Shinzo Abe visited the Lincoln Memorial Monday, ahead of today's official state visit, which comes at a time when the two countries are working toward a 12-nation Trans-Pacific free-trade deal.
As the Fed begins its meeting today, investors and policymakers get three more economic reports to consider: the S&P/Case-Shiller home price indexfor February at 9 a.m. ET, consumer confidence for April, and the Richmond Fed survey of regional business activity, both out at 10 a.m. ET.
GoPro (GPRO) is among the companies releasing earnings this afternoon. But ahead of the report, a SEC filing revealed CEO Nicholas Woodman's 2014 total compensation was $77.4 million, including $74.7 million of stock awards.
BP (BP) today reported a fall in profits, as plunging oil prices continued to hit revenues for the sector. Production for the second quarter was expected to be lower, reflecting seasonal factors and maintenance activity. (CNBC)
STOCKS TO WATCH
Tyson Foods (TSN), the largest U.S. poultry producer, plans to eliminate the use of human antibiotics in its flocks by September 2017-one of the most aggressive timelines yet set by an American poultry company.
U.S. proxy advisory firm ISS recommended that DuPont (DD) shareholders vote in favor of Nelson Peltz and another Trian nominee joining the company's board, a shot in the arm for the activist investor.
In a potentially costly patent battle, a U.S. International Trade Commissionjudge has found that Microsoft (MSFT) used InterDigital (IDCC) technology in its mobile phones without permission.
Shares of Tesla (TSLA) were higher in premarket trading, after surging 6 percent Monday, just days ahead the electric automaker's newest product, astationary storage battery unit. (CNBC)
Seeking Alpha
Today's Markets:
In Asia, Japan +0.4% to 20059. Hong Kong flat at 28443. China -1.1% to 4476. India +0.8% to 27396.
In Europe, at midday, London -0.8%. Paris -1%. Frankfurt -0.7%.
Futures at 6:20: Dow -0.2%. S&P -0.2%. Nasdaq -0.1%. Crude -0.3% to $56.81. Gold -0.2% to $1200.30.
Ten-year Treasury Yield +1 bps to 1.92%
Notable earnings before today's open: AET, AGCO, AIXG, AKS, ALLY, AMG, AUDC, AUO, AXE, BMY,BP, BSX, CARB, CAS, CBR, CIT, CMI, CNC, CNX, COH, CPLA, CRY, DFRG, DORM, ECL, ENTG, ETR, F,FBC, FDP, FLWS, FMER, GAS, GLW, GPI, HMC, HSP, ICLR, IDXX, IIVI, IPGP, IPI, JBLU, JEC, LRN, LXK,MAS, MDXG, MHFI, MRGE, MRK, NCI, NEO, NOV, OFC, OSK, PAG, PFE, PH, PHG, POR, SALT, SC,SIR, SIRI, ST, SVU, TMUS, TXT, UBSI, UPS, UTHR, VDSI, VLO, WAT, WDR, WHR, WWW, WYN, XRS,YNDX
Notable earnings after today's close: ACGL, ACHC, AEGN, AFL, AHGP, AKAM, AMCC, ANIK, ARI, ARLP,AUY, AZPN, BGFV, BLDP, BMR, BOOM, BWLD, BXMT, CALX, CBL, CEB, CGI, CHE, CINF, CLF, CMRE,CNL, CRUS, DDR, DHT, EEFT, EIX, EPIQ, EPR, EQR, ESRT, ESRX, EXAC, FARO, FEIC, GNW, GPRE,GPRO, HAWK, HELE, HIW, HLIT, HURN, IACI, IGT, INAP, IPHI, KALU, KBR, KRFT, LOGM, MRCY, MSTR,MTSI, MWA, NANO, NATI, NCR, NVDQ, OHI, OI, OTEX, PEI, PNRA, RNG, RPXC, RRC, RSYS, SKT,SLCA, SWI, TAHO, TE, TPX, TSS, TWTR, ULTI, VRSK, WDC, WRI, WSH, WYNN, X, XCO, XOOM
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