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Apple Today - 1/13/2016 (AAPL)

seymour_greenz • January 13th 2016 10:03:11 AM

Good Morning,

NASDAQ Futures are up 31 with +19 Fair Value, Dow Futures are up 103. Futures are solidly in the green this morning, a Wednesday busy with economic data.

Asian markets ended mostly higher today. China being the exception was down 2.42% while Hong Kong gained 1.13% and Japan closed up 2.88%. European markets are up sharply. The UK is up 1.05%, Germany is up 1% and France is the leader of the pack, up by 1.31%.

Commodities are mostly up this morning. Oil is currently rallying 2.3% along with natural gas, which is up 2.04%, while gold is down 0.33%. Unleaded gas is up slightly and the rest of energy is up sharply. Metals are up (except gold), meat is mixed. Cocoa, coffee and soybeans are up, corn and cotton are flat, wheat is down.

Oil rises for 1st time in 8 sessions on positive Chinese trade data and an unexpected draw in weekly US crude oil inventories. CSX Q4 profit falls on lower freight volumes.

Transportation company CSX Corporation (CSX) is currently down nearly 2% in pre-market after announcing a beat on Q4 earnings yesterday but light revenue. Wholesale distributor SUPERVALU (SVU) is also down 2.5% after announcing quarterly results yesterday afternoon. This afternoon, look for earnings from CLARCOR (CLC), DragonWave (DRWI) and Volt Information Sciences (VISI). Tomorrow morning, First Republic Bank (FRC), Taiwan Semiconductor Manufacturing Company (TSM) and WNS (WNS) are expected to report.

AAPL had another day of recovery, up 1.45% and though it teetered below 100, proudly remained a "green apple" all the day. AAPL opened up strong at 100.49 on good volume, hit an intra-day peak of 100.69 and then struggled to hold 100. By 10:38am AAPL conceded 100 and gravitated towards 99 on moderate volume where it danced around from the upper-99 area to the lower-99 area several times on moderate to light volume before hitting a low of 98.84 at 2:16pm on moderate volume. After this 2pm dip, AAPL reversed and regained 100 within minutes of the intra-day close and slid in the last seconds to close up 1.43 at 99.96. AAPL continued rising in after-hours and gained an additional 30 cents to end up at 100.26

This morning in pre-market, AAPL gapped up strong to open at 101 in conjunction with Futures and has drifted into the mid-100 area through the morning, gradually sinking back towards 100 as we approach the open with some accelerating decline after 9am, yet still remaining above the 100 line. AAPL is currently up 22 cents at 100.18.


Classic max-pain is 105.71.


China trade surprise appears to bring relief for stocks and oil:
http://www.reuters.com/article/us-global-markets-idUSKCN0UR02320160113

Oil rises for 1st time in 8 sessions on China and US draw:
http://www.reuters.com/article/us-global-oil-idUSKCN0UR02O20160113

China recovery?
http://www.bloomberg.com/news/articles/2016-01-13/surging-china-trade-with-hong-kong-raises-doubts-over-recovery

Iran nuclear deal, reactor "not yet decommissioned":
http://www.bbc.com/news/world-middle-east-35302628

"Frankenschock" year in review:
http://www.reuters.com/article/us-swiss-snb-franc-idUSKCN0UR1AA20160113

Analyst advises to "sell everything":
http://fortune.com/2016/01/12/sell-everything/

CSX Q4 profit falls on lower freight volumes:
http://www.reuters.com/article/us-csx-results-idUSKCN0UQ2JI20160113

GM raises 2016 forecast:
http://www.bloomberg.com/news/articles/2016-01-13/gm-increases-2016-profit-forecast-boosts-buyback-by-4-billion

PC shipments fell in 2015:
http://www.cnet.com/news/pcs-continue-sliding-in-2015/

Apple Watch dominates smartwatch market:
http://www.forbes.com/sites/aarontilley/2016/01/12/apple-watch-smartwatch-market/#2715e4857a0bcfc9d1a76242

Apple Watch 2 and fitness:
http://www.bidnessetc.com/61155-apples-ramps-up-medical-team-ahead-of-apple-watch-2/

Apple reveals over 100 car models that support CarPlay:
http://www.computerworld.com/article/3021428/car-tech/apple-reveals-more-than-100-car-models-that-support-carplay.html

VLC Media Player now on Apple TV:
http://www.pcmag.com/article2/0,2817,2497839,00.asp

Google creates VR division:
http://www.reuters.com/article/us-alphabet-virtualreality-idUSKCN0UR0FY20160113

Google I/O 2016 announced:
http://www.techtimes.com/articles/123932/20160113/google-i-o-2016-date-and-venue-announced-here-s-what-to-expect.htm

Google's self-driving report card:
http://www.wired.com/2016/01/google-autonomous-vehicles-human-intervention/

Amazon sweetens Prime for video gamers:
http://time.com/4177260/amazon-video-game-discount/

Upgrade to IE11 even if you don't use it:
http://www.computerworld.com/article/3021824/web-browsers/microsoft-upgrade-to-ie11-even-if-you-dump-our-browser.html

Netflix announces $100 million fund for education:
http://fortune.com/2016/01/13/reed-hastings-100-million-education/

American Apparel Dov Charney wants his empire back:
http://www.independent.co.uk/news/business/analysis-and-features/american-apparel-never-mind-the-sex-scandal-dov-charney-wants-his-empire-back-a6808471.html

Toyota plans big data pipe in cars:
http://www.forbes.com/sites/lianeyvkoff/2016/01/12/toyota-satellite-broadband-is-coming/#2715e4857a0b56ae3d837876

Now you can go ahead and order a million LEGOs, no questions asked:
http://www.cnn.com/2016/01/13/arts/lego-changes-guidelines-for-bulk-orders/

Watch epic rocket landing in SpaceX video:
http://www.space.com/31596-awesome-spacex-rocket-landing-video.html

More on the new NASA Planetary Defense Office:
http://www.cnn.com/2016/01/13/world/nasa-planetary-defense/

A very cold alien slug?
http://www.techtimes.com/articles/123296/20160111/mysterious-snail-like-object-spotted-on-high-res-photo-of-pluto-what-could-it-be.htm

Did they find gravitational waves?
http://www.wired.com/2016/01/astrophysicists-may-have-found-gravitational-waves-or-not/

New battery design could lead to safer "hoverboards":
http://www.csmonitor.com/Science/2016/0111/Scientists-develop-lithium-ion-battery-that-won-t-burst-into-flames

MIT just saved the incandescent lightbulb, Edison cheers, Tesla indifferent:
http://www.csmonitor.com/Technology/2016/0112/Did-MIT-researchers-just-save-the-incandescent-lightbulb

Bronze Age "Pompeii" discovered:
https://www.washingtonpost.com/news/morning-mix/wp/2016/01/13/a-bronze-age-fire-yields-unparalleled-artifacts-preserved-for-3000-years/

SharkCam:
http://www.cnet.com/au/news/sharkcam-provides-viral-video-groundbreaking-information/

CRISPR is a game changer:
http://www.technologyreview.com/news/545366/big-pharma-doubles-down-on-crispr-for-new-drugs/

Children's cough syrup recalled due to overdose risk:
http://www.nbcnewyork.com/news/national-international/Perrigo-Recall-of-Childrens-Cough-Medicine-Overdose-Risk-Cup-365004401.html

Potatoes before pregnancy?
http://www.cbsnews.com/news/potatoes-pregnancy-gestational-diabetes-risk/

Diseases from mosquitoes:
http://time.com/4177122/mosquitoes-diseases-zika-virus/

Hookahs more toxic than cigarettes:
http://philadelphia.cbslocal.com/2016/01/13/study-hookahs-more-toxic-than-cigarettes/

Kids overexposed to cigarettes in video games?
http://www.cnn.com/2016/01/13/health/kids-cigarettes-video-games/


Today's Economic Calendar:
7:00 MBA Mortgage Applications
10:00 Atlanta Fed's Business Inflation Expectations
10:30 EIA Petroleum Inventories
1:00 PM Results of $21B, 10-Year Note Auction
1:00 PM Fed's Evans speech
2:00 PM Fed's Beige Book
2:00 PM Treasury Budget


Notable earnings after today's close: *CLC*, *DRWI*, FUL, SAR, *VISI*

And tomorrow before the open: ASOMF, *FRC*, INFY, PSG, RMCF, SHLO, SJR, *TSM*, *WNS*

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