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Apple Today - 1/20/2016 (AAPL)

seymour_greenz • January 20th 2016 10:26:50 AM

Good Morning,

Uh oh. NASDAQ Futures are down 80 with -73 Fair Value, Dow Futures are down 286. Futures have been weakening under pressure all morning.

Asian markets closed substantially lower today. China closed down 1.03%, Japan dropped 3.71% and Hong Kong led the decline, down 3.82%. European markets are also sharply lower. The UK is currently down 3.02%, Germany is down 2.47% and France is leading the decline, down 3.26%.

Commodities are mostly down this morning. Oil is currently down sharply, falling 2.95%, natural gas is up 0.33% and gold is up 1.12%. Unleaded gas is down 0.95% and heating oil is down 3.16%. Metals are mixed with gold and silver up, platinum and copper down. Meat is up. Cocoa, coffee, cotton, corn, soybeans and wheat are down.

China shares slip as oil slides to 12-year low while US consumer prices fall on lower energy prices. US housing starts slip in December, but annual gains remain solid.

Netflix (NFLX) is currently up 1.54% after reporting positive earnings yesterday afternoon and reaching prices near 120. On the other hand, AMD is currently down nearly 7% after reporting reasonable earnings but a concerning outlook. IBM is also down 5-6% after reporting an earnings beat but falling sales yesterday afternoon, the beat was due primarily to cloud sales. Cree (CREE) also reported and looks to be up this morning, though it's a tough day on the market. Goldman Sachs (GS) reported a 72% drop in Q4 profit this morning and is down 1-2%. TD Ameritrade (AMTD) also reported earnings this morning, beating by .03, and is up by 1-2% in pre-market.

As earnings season heats up, look for earnings from Briggs & Stratton (BGG), F5 Networks (FFIV), Kinder Morgan (KMI), Logitech International (LOGI) and PTC (PTC) this afternoon after the bell.

Tomorrow morning before the bell, Alaska Air (ALK), The Bank of New York Mellon (BK), Southwest Airlines (LUV), The Travelers Companies (TRV), United Continental Holdings (UAL), Union Pacific Corporation (UNP) and Verizon (VZ) are expected to report.

In pre-market yesterday, AAPL appeared to be in "recovery" mode, reaching as high as 99.25 but that's as high as AAPL saw all day, ending the day down 0.48%. AAPL opened at 98.38 and quickly hit an intra-day high of 98.65 on high volume. Within an hour AAPL struggled to hold 98 and dropped to red 30 minutes later by 10:54am on relatively high volume. AAPL continued to decline into the afternoon and hit a low of 95.5 after 2pm on high volume. AAPL bounced in late afternoon trading but failed to turn green despite a reasonable attempt during the last hour. AAPL ended the intra-day session down 47 cents at 96.66.

This morning in pre-market, AAPL opened up lower in conjunction with Futures, quickly reaching a 94 on high volume and stunning low of 93.67 at 4:18am. Throughout pre-market AAPL slowly recovered back to 95 and is improving as we approach the open. AAPL is currently down 1.3 at 95.36.


Classic max-pain is 98.


China shares slip as oil slides:
http://in.reuters.com/article/us-china-markets-idINKCN0UY05W

Oil extends drop from 12-year low on US supply:
http://www.bloomberg.com/news/articles/2016-01-19/oil-trades-near-12-year-low-as-u-s-supplies-seen-expanding-glut

US consumer prices fall on lower energy prices
http://www.reuters.com/article/us-usa-economy-inflation-idUSKCN0UY1LH

US housing starts slip in December, annual gains solid:
https://www.washingtonpost.com/business/us-housing-starts-slip-in-december-but-annual-gains-solid/2016/01/20/448db70e-bf7b-11e5-98c8-7fab78677d51_story.html

Ruble tumbles to record on oil slump:
http://www.bloomberg.com/news/articles/2016-01-20/ruble-trades-at-record-low-as-oil-impact-worse-than-sanctions

Goldman Sachs profit and revenue fall in Q4:
http://www.nytimes.com/2016/01/21/business/dealbook/goldman-sachs-earnings.html

Will Netflix slow?
http://www.nytimes.com/2016/01/20/business/media/netflix-faces-a-us-slowdown-despite-global-growth.html

J&J to cut 3k jobs:
http://www.reuters.com/article/us-johnson-johnson-redundancies-idUSKCN0UX1EI

Shell expects profit plunge as oil continues to drop:
http://www.nytimes.com/2016/01/21/business/energy-environment/shell-q4-earnings-oil-prices.html

Apple eyes launching stores in India:
http://www.forbes.com/sites/meghabahree/2016/01/20/apple-eyes-launching-stores-in-india/#2715e4857a0b218d6fe21362

More on Apple Li-Fi:
http://www.newsweek.com/apple-tests-ultra-fast-lifi-technology-future-iphones-417710

Apple slowly pushes towards diversity:
http://www.cnet.com/uk/news/apple-pushes-workforce-diversity-but-progress-is-slow/

Microsoft's billion dollar cloud donation:
http://www.zdnet.com/article/microsoft-wants-to-help-solve-the-worlds-unsolvable-problems-with-1bn-cloud-donation/

Microsoft recalls Surface Pro power cables on overheating concern:
http://www.theverge.com/2016/1/20/10796888/microsoft-surface-power-cords-recall

Galaxy S7 specs leaked:
http://bgr.com/2016/01/20/samsung-galaxy-s7-specs-leak-antutu/

More on Amazon Dash:
http://www.bloomberg.com/news/articles/2016-01-19/amazon-wants-you-to-never-run-out-of-home-essentials-again

Why WhatsApp is now free:
http://fortune.com/2016/01/19/whatsapp-facebook-free-subscriptions/

HP "Sprouts" for education:
http://www.zdnet.com/article/hp-aims-sprout-at-enterprise-education/

Intel adds security features to 6th generation processors:
http://www.forbes.com/sites/patrickmoorhead/2016/01/19/intel-adds-authenticate-multi-factor-security-feature-to-new-6th-generation-core-vpro-processors/

Groups want US to adopt strong broadband privacy rules:
http://in.reuters.com/article/us-broadband-internet-privacy-idINKCN0UY0CM

Prepare for rise of the robots... is your job safe?
http://www.reuters.com/article/us-davos-meeting-robots-idUSKCN0UY1L5

Ticket prices up despite cheap oil:
http://money.cnn.com/2016/01/20/news/economy/airfare-christmas-prices-oil/

VW stands by CEO Mueller after US trip missteps:
http://www.chicagotribune.com/business/ct-vw-ceo-mueller-20160120-story.html

Deezer raises $109 million:
http://www.bloomberg.com/news/articles/2016-01-20/deezer-raises-109-million-in-music-race-with-spotify-apple

Nestle's battle over KitKat's delicious shape:
http://www.bbc.com/news/business-35363263

Don't use these:
http://fortune.com/2016/01/20/passwords-worst-123456/

Woman faces jail after tagging ex-sister-in-law on Facebook:
http://www.accessatlanta.com/news/news/crime-law/woman-faces-jail-after-tagging-ex-sister-law-faceb/np7Gb/

Humanity's heat output is affecting our oceans:
http://www.csmonitor.com/Science/2016/0119/Temperatures-rising-How-humanity-s-heat-output-affecting-our-oceans

Global fisheries depleting faster than expected?
http://www.csmonitor.com/Environment/2016/0120/Global-fisheries-depleting-faster-than-we-thought-What-can-be-done

Scanning Egyptian pyramids:
http://news.discovery.com/history/archaeology/egyptian-pyramid-scans-reveal-new-anomalies-160119.htm

Largest known prime number discovered in Missouri:
http://www.bbc.com/news/technology-35361090

MIT drones dance around obstacles:
http://www.popsci.com/mit-drones-plot-course-through-obstacles

Hawking's warning:
http://www.huffingtonpost.com/entry/stephen-hawking-technology-disaster_us_569e6503e4b00f3e9862e7f9

See 5 planets align:
http://www.csmonitor.com/Science/2016/0119/Cosmic-quintet-How-to-see-five-planets-align-in-rare-celestial-treat-video

Watch a stunning NASA sun video:
http://www.huffingtonpost.com/entry/solar-filament-collapse-nasa_us_569dd1d8e4b0cd99679b37bf?utm_hp_ref=mostpopular

Florida, Illinois officials report travel-related Zika virus cases:
https://www.washingtonpost.com/news/to-your-health/wp/2016/01/19/cdc-issues-guidelines-for-pregnant-women-returning-from-zika-affected-countries/

$5m Ebola vaccine deal announced:
http://www.bbc.com/news/health-35360273

Frozen man resurrected from dead:
https://www.washingtonpost.com/news/morning-mix/wp/2016/01/20/being-frozen-to-death-saved-this-mans-life-it-could-save-others-too/

Don't be swayed by independent restaurants when trying to cut calories:
http://www.cnn.com/2016/01/20/health/non-chain-restaurants-calories-fast-food/

Irregular heartbeat a risk for women:
http://www.bbc.com/news/health-35347559

Some Foods may lower the risk of erectile dysfunction:
http://well.blogs.nytimes.com/2016/01/18/certain-foods-may-lower-the-risk-of-erectile-dysfunction/


Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:30 Consumer Price Index
8:30 Housing Starts
8:55 Redbook Chain Store Sales


Notable earnings after today's close: *BGG*, CATY, CNS, CUBI, CVBF, EGBN, *FFIV*, GSBC, *KMI*, *LOGI*, NVEC, OSBC, PCBK, PLXS, *PTC*, SLM, TCBI, XLNX

And tomorrow before the open: *ALK*, BBT, *BK*, BKU, CBU, CP, FITB, FNB, GMT, HBAN, HOMB, IIIN, INDB, KEY, KPELF, *LUV*, MTG, NJ, PPG, PVTB, SASR, SFNC, *TRV*, *UAL*, UFI, *UNP*, VZ, WABC, WBS

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