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Apple Today - 1/26/2016 Earnings (AAPL)

seymour_greenz • January 26th 2016 10:35:17 AM

Good Morning,

NASDAQ Futures are up 9 with +9 Fair Value, Dow Futures are up 38 on this big day of earnings season filled with economic data, complete with a 2016 FOMC meeting kick-off. Futures were down substantially lower at 3am and have made a strong recovery as we approach the open.

Asian markets closed sharply lower today. Hong Kong closed down 2.48%, Japan dropped 2.35% and China led the decline down a whopping 6.42%. European markets are basically flat today. The UK is currently down 0.17%, Germany is up 0.09% and France is down 0.15%

Commodities are mixed this morning. Oil is down 0.69%, natural gas is up 1.39% and gold is up 0.72%. Unleaded gas is down 1.59% and heating oil is down 0.55%. Metals are up. Meat is down. Cocoa, coffee, cotton, corn, soybeans and wheat are all down.

Chinese stocks took a big hit today. The Shanghai Composite index dropped 6.4%. Head of China's statistics bureau under investigation. Futures and oil reverse earlier declines as China concern calms. After the close, Apple reports earnings.

Sprint (S) is up nearly 20% this morning on improved outlook. Rambus (RMBS) reported Q4 earnings yesterday afternoon and is up 8% in pre-market. Coach (COH) reported this morning and is up nearly 5%, Johnson & Johnson (JNJ) is up under 1% after reporting this morning. Other earnings reports include Lockheed Martin (LMT) which is down over 3% and 3M (MMM) which is up in pre-market.

This afternoon after the bell, look for earnings from Apple (AAPL), Black Box (BBOX), CA (CA), Ethan Allen (ETH), AT&T (T), VMware (VMW) and United States Steel Corporation (X)

Tomorrow before the open, The Boeing Company (BA), Capital One (COF), Cliffs Natural Resources (CLF), EMC Corporation (EMC), General Dynamics Corporation (GD), Hess Corporation (HES), Novartis (NVS) and Tupperware Brands (TUP) are expected to report.

AAPL bears came out yesterday, cooling off the stellar rally that dazzled us on Friday and dropping 1.95%. AAPL showed some promise in pre-market yesterday with an eye on the 102 prize and opened at 101.44 on moderate volume. Unfortunately, AAPL was only able to get 9 cents higher to 101.53 before struggling with 101 and "battling" in the mid-100 area for most of the day on moderate volume. AAPL "held on" to the mid-100 area until 3pm when it dropped towards 100 on moderate volume and broke with little resistance. AAPL found some footing near the mid-99 area after bottoming at 99.21 and ended the day down 1.98 at 99.44. AAPL gained an additional cent in after-hours to 99.45.

This morning in pre-market, AAPL opened down at 98.5 in conjunction with the sour Futures. As Futures improved, AAPL worked back up to 100 on moderate volume and AAPL is currently up 74 cents at 100.18 as we approach the open.


Classic max-pain is 100.


Futures and oil reverse earlier declines as China concern calms:
http://www.bloomberg.com/news/articles/2016-01-25/asian-stock-futures-signal-retreat-amid-resumption-of-oil-slump

Oil trades near $30 on US crude supplies:
http://www.bloomberg.com/news/articles/2016-01-25/oil-extends-slide-below-30-as-u-s-supplies-seen-expanding-glut

Head of China's statistics bureau under investigation:
http://in.reuters.com/article/china-corruption-statsbureau-idINKCN0V41A1

Sprint sprints ahead:
http://www.bloomberg.com/news/articles/2016-01-26/sprint-has-fifth-straight-user-gain-smaller-loss-than-estimated

P&G Q2 profit beats:
http://www.reuters.com/article/us-procter-gamble-results-idUSKCN0V41EV

Lockheed results:
http://www.reuters.com/article/us-leidos-holdgs-m-a-lockheed-idUSKCN0V41G4

DuPont doubles down on cost cuts:
http://www.reuters.com/article/us-dupont-results-idUSKCN0V41B8

Podcast app comes to new Apple TV:
http://www.cnet.com/au/news/apple-tv-software-update-adds-podcasts-app-fixes-bugs/

Will Apple really release a "free" iPhone?
http://www.forbes.com/sites/ewanspence/2016/01/26/iphone-5se-leaked-storage-options/

MIcrosoft new open-source brain, outdoes Google :
http://www.wired.com/2016/01/microsoft-tries-to-one-up-google-in-the-open-source-ai-race/

Meet Microsoft Cortana, AI companion for Windows 10:
http://www.technewstoday.com/28292-microsoft-cortana-your-ai-companion-for-windows-10/

Microsoft’s new iPhone keyboard:
http://www.theverge.com/2016/1/25/10829594/microsoft-iphone-keyboard-word-flow-features

Google to challenge Samsung and Oculus in VR?
http://www.theverge.com/2016/1/25/10827948/google-virtual-reality-hardware-job-listings-samsung-oculus

Google Play adds player analytics:
http://www.androidheadlines.com/2016/01/google-play-games-rolls-player-analytics.html

How does Elon do it?
http://qz.com/599503/how-elon-musk-thrives-with-a-100-hour-work-week/

Snapchat working on a new chat interface?
http://www.theverge.com/2016/1/25/10826734/snapchat-new-chat-interface-leaked-screenshots

Zuckerberg's closet:
http://www.today.com/style/mark-zuckerberg-shares-what-s-his-closet-t-shirts-hoodies-t69071

GoPro partners with Twitter:
http://www.cnet.com/uk/news/gopro-partners-with-periscope-to-take-the-live-stream-extreme/

This URL will crash your iPhone:
http://www.huffingtonpost.com/entry/crashsafari-iphone-website-url_us_56a65ea0e4b0404eb8f2588c

Uber taps smartphone sensors to track speeding and reviews:
http://www.zdnet.com/article/uber-taps-smartphone-sensors-to-track-speeding-and-weed-out-wrong-reviewsuber-taps-smartphone/

The importance of breakfast:
http://www.nydailynews.com/news/national/mcdonald-u-s-sales-jump-5-7-all-day-breakfast-article-1.2509692

Guy builds igloo in Brooklyn backyard and lists it on Airbnb:
http://www.nydailynews.com/new-york/brooklyn/brooklyn-man-builds-igloo-backyard-lists-airbnb-article-1.2508879

Gulf of Mexico marine life may have evolved to coexist with oil:
http://www.csmonitor.com/Environment/2016/0126/Gulf-of-Mexico-marine-life-may-have-evolved-to-coexist-with-oil

Using the power of sound to move cells and build:
http://www.scienceworldreport.com/articles/36356/20160126/acoustic-tweezers-move-cells-three-dimensions-create-new-structures.htm

Self-shoveling concrete:
http://news.nationalgeographic.com/energy/2016/01/16016-conductive-concrete-could-melt-mounds-of-snow/

RIP Marvin Minsky:
http://www.cnn.com/2016/01/26/us/marvin-minsky-obit-feat/

Scientists to announce new time on "Doomsday Clock":
http://www.chicagotribune.com/news/nationworld/ct-doomsday-clock-20160126-story.html

Hubble successor on track for 2018:
http://www.bbc.com/news/science-environment-35403361

Are aliens extinct?
http://www.csmonitor.com/Science/2016/0124/Are-aliens-hard-to-find-because-they-re-extinct

Halting the spread of Zika into the US:
http://www.cnn.com/2016/01/26/health/halting-spread-of-zika-united-states/

Child Obesity is a global crisis:
http://fortune.com/2016/01/25/child-obesity-global-crisis/

Diabetes update:
http://www.npr.org/sections/health-shots/2016/01/25/463733310/whats-your-type-with-diabetes-it-can-be-far-from-clear

Monkeys with autism-like behaviors may help humans:
http://www.nytimes.com/2016/01/26/health/autism-genetically-engineered-monkeys.html

Is at-home screening test for colon cancer a good alternative?
http://www.cbsnews.com/news/fit-at-home-screening-test-for-colon-cancer-good-alternative/


Today's Economic Calendar:
FOMC meeting begins
8:55 Redbook Chain Store Sales
9:00 FHFA House Price Index
9:00 S&P Case-Shiller Home Price Index
9:45 PMI Services Index Flash
10:00 Richmond Fed Mfg.
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
1:00 PM Results of $26B, 2-Year Note Auction


Notable earnings after today's close: *AAPL*, *BBOX*, *CA*, CB, CNI, COF, CSFL, *ETH*, FMBI, HA, KTCC, LTXB, MRCY, MTSI, NAVI, PLCM, SYK, *T*, TRMK, TSS, UBNK, UCFC, UMBF, *VMW*, WASH, WSBC, *X*, ZHNE

And tomorrow before the open: AGFMF, ANTM, *BA*, BABY, BAH, BIIB, BOKF, BSBR, CAJ, CFR, *CLF*, *COF*, CLV, CVLT, *EMC*, ERIC, EVER, FCAU, FCF, *GD*, GIB, GWB, *HES*, ITW, LPL, MDP, MKTX, MPX, NAP, NRBAY, NSC, *NVS*, NYCB, OIIM, OSIS, PB, RCI, RES, ROK, ROL, SAN, SC, SEIC, SILC, SMED, STBZ, STJ, STM, STT, *TUP*, TXT, UMC, USAP, UTX, VLY, XRS

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