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Apple Today - 1/29/2016 OPEX (AAPL)

seymour_greenz • January 29th 2016 10:30:49 AM

Good Morning,

NASDAQ Futures are up 16 with -7 Fair Value (rare to see such a difference), Dow Futures are up 102 and S&P Futures are up 11 on the last OPEX and trading day of January. Futures are up and have been holding up in the green pretty well all morning. Key economic data is expected throughout the day.

Asian markets rallied today, due in no small part to Japan's negative interest rate surprise. China closed up 3.09%, Hong Kong gained 2.66% and Japan ended up 2.8%. European markets are up today. The UK is currently up 1.07%, Germany is up 0.47% and France is up 0.53%.

Commodities are mostly up this morning. Oil is up 1.48%, natural gas is up 3.71% and gold is up 0.10%. Unleaded gas is flat and heating oil is up 1.29%. Metals are up. Meat is down. Cocoa, coffee, cotton, corn, soybeans are up and wheat is flat.

Surprise! The Bank of Japan is cutting interest rates below zero. US economic growth rate slows to 0.7 percent in fourth quarter as American consumers temper spending.

Amazon.com (AMZN) reported weak Q4 earnings yesterday afternoon and crashed down 15% and is currently down over 10% this morning in pre-market. Microsoft (MSFT) also reported yesterday and initially rallied 8% on strong cloud results, MSFT is currenly up over 4% in pre-market. Skyworks Solutions (SWKS) also beat expectations yesterday and is up 6%-7%. On the other hand, Visa (V) is flat after a Q1 earnings beat.

This morning, Chevron (CVX) reported Q4 earnings and is down nearly 2%. Seagate Technology (STX) also reported this morning and is up 5%. MasterCard (MA) is down 1% on mixed earnings.

On Monday before the open, a handful of companies including Cardinal Health (CAH) and Sun Bancorp (SNBC) are expected to report.

AAPL seemed more "on track" yesterday, trading in a fairly narrow range at above average volume, gaining 0.72% for the day. AAPL opened at 93.88 on high volume, struggled with 94 and took a sharp dip to 92.39 at 10:34am on very high volume before bouncing back. AAPL fought hard to recover green at 11am and dipped into red again on moderate volume at 11:50am. AAPL spent the rest of the day moving up on moderate volume, peaking at 2:34pm at 94.52 on moderate volume. AAPL closed the day above 94 and up 67 cents at 94.09. AAPL dropped 44 cents in after-hours to wind up at 93.65.

This morning in pre-market, AAPL gravitated up towards 94.5 in conjunction with Futures and spent most of the morning in a relatively narrow range around 94.5 with periodic peaks into upper-94 and dips into lower-94. AAPL is currently up 51 cents at 94.60 as we approach the open.


Classic max-pain is 96. Today is OPEX.


Japan adopts negative interest rate in surprise move:
http://www.bbc.com/news/business-35436187
http://www.reuters.com/article/us-japan-economy-boj-move-idUSKCN0V71OF

US economic growth rate slows to 0.7 percent in fourth quarter:
http://in.reuters.com/article/us-usa-economy-idINKCN0V71L1

Economic growth cools as American consumers temper spending:
http://www.bloomberg.com/news/articles/2016-01-29/economic-growth-cools-as-american-consumers-temper-spending

Amazon shares plunge as record profits miss estimates:
http://in.reuters.com/article/us-amazon-results-idINKCN0V62U6

Xerox to split, adds a seat for Icahn:
http://in.reuters.com/article/us-xerox-icahn-idINKCN0V71B2

Chevron posts 1st loss since 2002:
http://www.bloomberg.com/news/articles/2016-01-29/chevron-posts-first-loss-since-2002-in-global-oil-market-rout

American Airlines beats Q4 profit forecasts:
http://dfw.cbslocal.com/2016/01/29/american-airlines-beats-4th-quarter-profit-forecasts/

Will Apple add wireless charging to iPhone?
http://www.cnet.com/au/news/apple-may-switch-up-iphone-charging-with-wireless-tech/

Apple acquires big-data educational tracker startup LearnSprout:
http://www.bloomberg.com/news/articles/2016-01-28/apple-acquires-education-tech-startup-learnsprout

Apple recalls shocking international AC adapters:
http://www.pcmag.com/article2/0,2817,2498564,00.asp

Google reveals how much it paid the man who briefly owned Google.com:
http://www.independent.co.uk/life-style/gadgets-and-tech/news/sanmay-ved-google-domain-owner-reward-amount-a6841091.html

The free Windows 10 upgrade clock is ticking:
http://www.zdnet.com/article/what-happens-free-windows-10-upgrades-after-july-29-2016/

HP teams up with designer Isaac Mizrahi on fancy smartwatch:
http://arstechnica.com/gadgets/2016/01/hp-teams-up-with-designer-isaac-mizrahi-to-make-a-flashy-womens-smartwatch/

Smartphone shipments hit record 1.4B units in 2015:
http://www.pcmag.com/article2/0,2817,2498552,00.asp

Yet Sony braces for smartphone slowdown?
http://in.reuters.com/article/sony-results-idINKCN0V70G7

NASA developing humanoid robots for future deep space missions:
http://www.techtimes.com/articles/128776/20160128/nasa-is-developing-humanoid-robots-for-future-deep-space-missions.htm

SpaceX's hyperloop student contest:
http://www.latimes.com/business/technology/la-fi-tn-hyperloop-spacex-competition-20160129-story.html

Gigantic gas cloud headed our way:
http://news.discovery.com/space/astronomy/gigantic-gas-cloud-on-collision-course-with-our-galaxy-160129.htm

Could fungi survive on Mars?
http://www.space.com/31772-fungi-survive-mars-conditions-space-station.html

Opportunity turns 90 days into 12 years and counting:
http://news.discovery.com/space/powered-up-veteran-rover-soldiers-through-mars-winter-160126.htm

Astronomy in Ancient Babylon:
http://www.nytimes.com/2016/01/29/science/babylonians-clay-tablets-geometry-astronomy-jupiter.html?_r=0

Octopuses "talk" to each other with color:
http://news.discovery.com/animals/octopuses-actually-are-social-shift-colors-during-fights-160129.htm

Computer masters "most complex game devised by humans" in AI breakthrough:
http://www.csmonitor.com/Science/2016/0128/Computer-bests-most-complex-game-devised-by-humans-in-AI-breakthrough

Ancient mammoth bones discovered under Oregon State’s stadium:
http://www.pbs.org/newshour/rundown/ancient-mammoth-bones-discovered-under-oregon-states-stadium/

Dire Zika warnings:
http://www.nytimes.com/roomfordebate/2016/01/29/how-to-stop-the-spread-of-zika/why-the-warnings-for-women-in-areas-with-zika-are-so-dire

Could GM mosquitos save us from Zika virus?
https://www.washingtonpost.com/news/to-your-health/wp/2016/01/29/heres-how-gm-mosquitos-with-self-destruct-genes-could-save-us-from-zika-virus/

Hawaii Biotech joins race to develop Zika vaccine:
http://www.reuters.com/article/us-health-zika-idUSKCN0V71OV

Breastfeeding rates in the UK are the lowest in the world:
http://www.bbc.com/news/health-35438049

Researchers find causes for higher death rates among middle-aged whites:
http://www.latimes.com/science/la-na-death-rates-20160129-story.html

A camera's flash helps identify rare cancer in baby:
http://www.nydailynews.com/life-style/health/ariz-mom-glow-baby-eye-helps-docs-beat-cancer-article-1.2513204



Today's Economic Calendar:
8:30 GDP Q4
8:30 International trade in goods
8:30 Employment Cost Index
9:45 Chicago PMI
10:00 Reuters/UofM Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
3:00 PM Farm Prices


Notable earnings on Monday before the open: *CAH*, HRC, KRC, NTP, OFG, RYAM, *SNBC*

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