Tuesday, September 9, 2014

TUESDAY 9/9/14; BKS; AAPL New Products Release; PANW; KKD

The dollar/yen is running strongly higher above 106 gaining one full point over the last 24 hours as the dollar drives higher. The US dollar, USD, is above 84.4 continuing to run parabolic up from 79.7 to 84.4, +6.4%, in only two months time a phenomenal move for a currency. The euro weakness drives the dollar higher. The euro shorts remain at over two-year highs while traders trip over each other to play the dollar long. You know what happens over the short te






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14 points lower, -1.2%, to 1159. WB is up +7%. THC gains +3.4% in a down tape.

After the close, KKD delivers stale doughnuts dropping -5.5% in AH trading on disappointing earnings. Internet security stock and long trader darling PANW reports earnings in line with estimates and is rewarded up +4%. Science, engineering and defense company SAIC beats on earnings and gains +3.1%. AAPL trades -0.3% lower.

Activist investor Carl Icahn boosts his stake in Gannett to 8.5% which sends GCI up +1%.  The Enterovirus D-68 continues to spread in America affecting young children and teenagers. Kids with allergies and asthma are most affected by the respiratory virus. Although the symptoms mimic a cold and resolve over time, 15% of the children afflicted end up in intensive care. Hospitals and healthcare facilities in numerous States especially in the Midwest are treating a steady flow of patients.

The Whitehouse says President Obama’s speech tomorrow outlining a plan to handle the ISIS threat in Iraq and Syria is scheduled for prime time 9 PM EST interrupting regular programming. A night time speech dramatically raises expectations.

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