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Apple Today - 2/11/2016 (AAPL)

seymour_greenz • February 11th 2016 10:06:57 AM

Good Morning,

NASDAQ Futures are down 72 with -66 Fair Value (rare), S&P Futures are down 31 with -32 Fair Value (rare) and Dow Futures are down 263 on the 2nd day of Janet Yellen's Fed testimony and more clues on the future of interest rates. Futures took a huge hit after 3am and have remained depressed, though select stocks are seeing a bit of relief as we approach the open.

Japan and China are closed for the holiday, Hong Kong is down 3.85%. European markets are down significantly today. The UK is currently down 2.14%, Germany is down 2.50% and France is leading the decline, down 3.65%.

Commodities are mixed this morning. Oil is down 3.1%, natural gas is up 0.44% and gold is up 3.72%. Unleaded gas is down 1.23% and heating oil is down 1.03%. Metals are up except copper. Meat is mostly up. Corn, wheat and soybeans and up while cocoa, cotton and coffee are down.

Yellen says Fed not likely to reverse course on rates, despite risks. Oil falls on US supply record and weak demand outlook. Jobless claims in US decline to lowest level in 7 weeks.

Tesla Motors (TSLA) announced earnings yesterday and is up nearly 6% in pre-market. Cisco Systems, Inc. (CSCO) reported yesterday and is up nearly 7%. Also reporting yesterday, Expedia, Inc. (EXPE) is up over 11%. On the other hand, Twitter, Inc. (TWTR) announced a loss of users yesterday and is down 7%. Whole Foods Market, Inc. (WFM) is about flat after reporting yesterday and Zynga (ZNGA) is down over 13% after earnings yesterday.

Nokia Corporation (NOK) is up nearly 3% after reporting this morning, PepsiCo Inc. (PEP) is down nearly 1% this morning and TripAdvisor Inc. (TRIP) is up over 10%.

This afternoon after the bell, look out for earnings from American International Group Inc (AIG), Activision Blizzard, Inc (ATVI), CBS Corporation (CBS), Columbia Sportswear Company (COLM), Cray Inc (CRAY), Dun & Bradstreet Corp. (DNB), FireEye, Inc. (FEYE), Groupon, Inc. (GRPN), MoneyGram International, Inc. (MGI), Nu Skin Enterprises Inc. (NUS), Pandora Media (P), Rovi Corporation (ROVI), VeriSign, Inc. (VRSN), Web.com Group, Inc (WEB) and Zillow Group, Inc. (Z).

Tomorrow before the bell, Red Robin Gourmet Burgers, Inc. (RRGB) and Ruth's Hospitality Group, Inc. (RUTH) are expected to report.

AAPL had a strong initial showing but "compressed" down all day, ending down 0.76%. AAPL opened at 95.91 to moderate volume, battled at the 96-line and then hit a peak of 96.35 at 10:34am on relatively high volume. After hitting that intra-day high, AAPL sold off towards 95 and spent most of the afternoon in the mid to low 95 area on relatively low volume. After 3pm, AAPL sold off again on moderate volume and threatened to break into the 93-area before bouncing slightly to end the intra-day down 72 cents at 94.27. AAPL lost the change in after-hours bringing it down to an even 94.

This morning in pre-market, AAPL opened up a point lower in conjunction with sour Futures and saw a shocking low of 92.02 at 4:56am. Since, AAPL has relatively improved significantly and has not only recovered 93 but is clawing back mid-93 territory. AAPL is currently down 94 cents at 93.33 as we approach the open.


Classic max-pain is 91.


Yellen says Fed not likely to reverse course on rates, despite risks:
http://www.reuters.com/article/usa-fed-rates-idUSKCN0VJ1Z2

Jobless claims in US decline to lowest level in 7 weeks:
http://www.bloomberg.com/news/articles/2016-02-11/jobless-claims-in-u-s-decline-to-lowest-level-in-seven-weeks

Oil falls on US supply record, weak demand outlook:
http://in.reuters.com/article/global-oil-demand-idINKCN0VK025

Dollar, global stocks trampled:
http://www.reuters.com/article/us-global-markets-idUSKCN0VK01Z

Gold's sees buying as world markets slide:
http://www.bloomberg.com/news/articles/2016-02-11/gold-s-biggest-consumers-seen-buying-more-as-world-markets-slide

Europe bank selloff deepens:
http://www.bloomberg.com/news/articles/2016-02-11/it-s-worse-than-2008-crisis-for-europe-banks-in-no-man-s-land

PepsiCo forecasts 2% profit gain as dollar weighs:
http://www.bloomberg.com/news/articles/2016-02-11/pepsico-forecasts-2-profit-gain-as-strong-dollar-hurts-revenue

iPhone controlled 40% of US smartphone market in 2015:
http://appleinsider.com/articles/16/02/10/iphone-controlled-40-of-us-smartphone-market-in-2015-data-shows

Li-Fi could change the Apple ecosystem:
http://www.macworld.com/article/3032119/ios/let-there-be-light-how-li-fi-could-change-the-apple-ecosystem.html

Apple invention, Apple Watch 2 may adjust iPhone volume:
http://appleinsider.com/articles/16/02/11/apple-invention-uses-apple-watch-to-adjust-iphone-alert-volume

Google defends UK tax deal:
http://www.bloomberg.com/news/articles/2016-02-11/google-defends-u-k-tax-settlement-as-lawmakers-go-on-the-attack

Google getting its driver's license?
http://www.reuters.com/article/us-alphabet-autos-selfdriving-exclusive-idUSKCN0VJ00H

No more Flash ads:
http://www.zdnet.com/article/google-to-reject-all-flash-animated-ads-in-new-html5-push/

Android root malware widespread in 3rd-party app stores:
http://www.pcworld.com/article/3032296/security/android-root-malware-widespread-in-third-party-app-stores.html

Marc puts Mark in a spo from bad to worset:
http://fortune.com/2016/02/11/facebook-colonialism/

Marc Andreessen "apologizes":
http://www.nytimes.com/2016/02/11/technology/facebook-rejects-marc-andreessen-comments-on-india-and-he-apologizes.html?_r=0

Facebook adds auto-captions to video ads:
http://www.wired.com/2016/02/the-best-sound-for-video-ads-on-facebook-is-silence/

A peek at Galaxy S7:
http://www.pcmag.com/article2/0,2817,2499105,00.asp

Qualcomm's new Wear platform:
http://www.pcworld.com/article/3032344/wearables/qualcomm-bringing-lte-connectivity-to-wearables-with-new-wear-platform.html

Burger King has a new best friend:
http://in.reuters.com/article/us-rstrnt-brnd-menu-burger-king-idINKCN0VJ269

Sounds fishy... man blames drunk driving on fish:
http://www.huffingtonpost.com/entry/mans-blames-10th-owi-charge-on-beer-battered-fish_us_56ba5619e4b0b40245c47315

LIGO, making Einstein proud:
http://www.npr.org/sections/13.7/2016/02/11/466372736/growing-old-with-einstein-the-long-wait-for-detection-of-gravitational-waves

Get immersed in Curiosity's 360 degree Mars dunes:
http://news.discovery.com/space/get-immersed-in-curiositys-360-degree-mars-dune-160210.htm

"Granny" bird hatches a chick:
http://www.npr.org/sections/thetwo-way/2016/02/10/466269485/an-old-bird-can-hatch-a-new-chick-even-at-age-65

Who walked the roads to Rome?
http://www.csmonitor.com/Science/2016/0211/Who-walked-the-roads-to-Rome-Isotopes-provide-clues

Hikers, a drone may rescue you someday:
http://www.zdnet.com/article/watch-in-search-of-lost-people-drones-recognize-and-follow-forest-trails/

Or maybe it will be robo-roaches that save you?
http://www.csmonitor.com/Science/2016/0208/Robo-roach-to-the-rescue-Creepy-bugs-inspire-lifesaving-technology.-video

Shape-shifting "superhero" material:
http://www.cnet.com/uk/news/shape-shifting-superhero-material-can-lift-1000-times-its-weight/

Education may cut dementia risk:
http://www.nytimes.com/2016/02/11/health/education-may-cut-dementia-risk-study-finds.html

10-ounce miracle baby heads home:
http://abcnews.go.com/Health/miracle-baby-born-10-ounces-finally-home/story?id=36837460

Exposure to air pollution during pregnancy ups asthma risk in babies:
http://www.techtimes.com/articles/132254/20160210/exposure-to-air-pollution-during-pregnancy-ups-asthma-risk-in-babies.htm

Brazil and University of Texas reach deal on Zika vaccine:
http://www.nytimes.com/aponline/2016/02/11/world/americas/ap-lt-zika-virus-brazil.html

It's smart to excercise:
http://time.com/4215695/fitness-brain-size/


Today's Economic Calendar:
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Yellen delivers semi-annual monetary policy testimony
10:30 EIA Natural Gas Inventory
1:00 PM Results of $15B, 30-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet


Notable earnings after today's close: *AIG*, AMBR, *ATVI*, BCOR, BCOV, BLIN, BSQR, *CBS*, CCORF, COBZ, COHU, *COLM*, *CRAY*, CTRE, CXP, CYBR, DDR, *DNB*, DRUNF, DVA, DYSL, EGN, ELLI, ELON, *FEYE*, FFG, *GRPN*, GUID, GWLIF, HE, INFN, IPWR, ITI, KN, KNL, LOGM, LPLA, LXFT, MERC, *MGI*, NR, *NUS*, NUVA, *P*, PDFS, QLIK, RCKY, *ROVI*, RSG, SANW, SCSS, SMT, SOFO, SSNC, SYMX, SZMK, TFIFF, TMXGF, TRUP, VCRA, VRNS, *VRSN*, *WEB*, WFTBF, XPLR, *Z*

And tomorrow before the open: AKKVF, AXL, BAM, BBGI, BPL, CPN, CRZBF, EMCI, ESNT, FET, IEC, IGIFF, IPG, IPGP, ITT, LPNT, NSP, OFC, POR, RNWEF, *RRGB*, *RUTH*, USAT, VTR, XRAY, ZAYO

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