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Apple Today - 2/19/2016 OPEX (AAPL)

seymour_greenz • February 19th 2016 10:53:05 AM

Good Morning,

Happy Friday. NASDAQ Futures are down 14 with -8 Fair Value, S&P Futures are down 6 with -4 Fair Value and Dow Futures are down 51 on this February monthly OPEX. Futures were green early this morning but took a serious dip after 4am until 7am and have bounced but are still very far down as we await the open.

Asian markets dropped today. China dropped 0.1%, Hong Kong lost 0.41% and Japan led the decline, down 1.42%. European markets are down today. The UK is currently down 0.49%, Germany is down 0.68% and France is down 0.71%.

Commodities are mixed this morning. Oil is down 1.88%, natural gas is down 1.84% and gold is up 0.2%. Unleaded gas is up 0.26% and heating oil is down 1.43%. Metals are mostly up except platinum. Meat is mostly up. Cotton is up while cocoa, coffee, corn, wheat and soybeans are down.

Stocks stung as oil rally founders. Firming US inflation keeps Fed rate hike on the table. Oil prices fall as glut overshadows talk of production cap.

Applied Materials, Inc. (AMAT) reported strong earnings yesterday afternoon, topping Q1 forecasts and is currently up over 8% in pre-market. On the other hand, Boston Beer Co. (SAM) also reported yesterday and is down nearly 5% under fierce competition. Nordstrom Inc. (JWN) is also down over 8% after reporting a 24% decline in Q4 income.

Deere & Company (DE) announced earnings this morning, beating Q1 earnings but lagging on revenue and is currently down nearly 4% before the bell.

On Monday before the open, Allergan plc (AGN) is expected to report.

AAPL had a rough Thursday and saw a "smack down" from the latest rally, dropping a painful 1.90% for the day. AAPL saw "99 fireworks" in pre-market and opened at 98.75 to high volume before making a fleeting high of 98.89 and rapidly dropping a couple of points on moderate volume. AAPL struggled in the upper-96 area in the afternoon on low volume and eventually drifted below mid-96 heading towards 96. Towards the close, AAPL hit a low of 96.09 on relatively high volume. AAPL ended intra-day trading down 1.86 at 96.26 and dropped an additional 4 cents in after-hours to 96.22.

This morning in pre-market, AAPL opened near 96 and made a brief attempt to get above 96.5 but the worsening Futures dragged AAPL down below 96 to a low of 95.62. AAPL is currently down 19 cents at 96.07.


Classic max-pain is 100. Today is OPEX. Have a good weekend with your friends and family.


Stocks stung as oil rally founders:
http://www.reuters.com/article/us-global-markets-idUSKCN0VS03O

Firming US inflation keeps Fed rate hike on the table:
http://www.reuters.com/article/us-usa-economy-idUSKCN0VS1PQ

Oil prices fall as glut overshadows talk of production cap:
http://www.reuters.com/article/us-global-oil-idUSKCN0VS00Z

Fed seeing more cause for pause on rates:
http://www.nasdaq.com/article/fed-seeing-more-cause-for-pause-on-rates--update-20160217-01287

Deere's Q1 results top street, but cuts full-year outlook:
http://www.nytimes.com/aponline/2016/02/19/business/ap-us-earns-deere.html

Higher interest rates boost Fannie Mae profit:
http://www.nytimes.com/aponline/2016/02/19/business/ap-us-earns-fannie-mae.html?_r=0

Legendary iPhone hacker weighs in on Apple’s war with the FBI:
http://bgr.com/2016/02/18/apple-fbi-backdoor-will-strafach-opinion/

John McAfee offers to unlock killer's iPhone for FBI:
http://www.bbc.com/news/technology-35611763

Apple vs. FBI, Here's One Fact the Press Got Totally Wrong
http://fortune.com/2016/02/19/apple-fbi-70-iphones/

Overwhelming demand for Apple Pay in China launch:
http://appleinsider.com/articles/16/02/19/overwhelming-demand-for-apple-pays-china-launch-causes-sign-up-hiccups

Apple iPhone Trade Up plan could be for you:
http://www.cnet.com/uk/news/apple-old-iphone-new-trade-up-with-installments-plan/

Google takes another step away from Google+:
http://www.techtimes.com/articles/134934/20160219/google-play-games-now-feature-gamer-id-you-no-longer-have-to-sign-in-with-google-plus.htm

Microsoft's Translator apps get more features:
http://www.cnet.com/uk/news/microsoft-translator-app-google-translate-optical-character-recognition-ocr-offline/

Facebook ads could be popping up in your chats soon:
http://www.zdnet.com/article/facebook-messenger-why-ads-could-soon-be-popping-up-in-your-chats/

California hospital paid $17,000 in bitcoins ransom:
http://www.reuters.com/article/us-california-hospital-cyberattack-idUSKCN0VS05M

Citigroup to exit retail banking in Brazil, Argentina:
http://in.reuters.com/article/citigroup-restructuring-idINL3N15Y415

Citigroup raises chief executive’s pay 27%:
http://www.nytimes.com/2016/02/19/business/dealbook/citigroup-raises-chief-executives-pay-27.html

Yahoo for sale! Yahoo for sale!
http://www.bloomberg.com/news/articles/2016-02-19/yahoo-hires-advisers-forms-committee-to-explore-options

Garmin adds heart-rate tracking:
http://www.cnet.com/products/garmin-vivoactive-hr/

LG G5’s "magic" battery slot revealed:
http://www.theverge.com/2016/2/19/11059066/lg-g5-magic-slot-removable-battery-leak-rumor

Franchisees "had doubts" ahead of McDonald’s breakfast launch:
https://www.washingtonpost.com/business/mcdonalds-franchisees-had-doubts-ahead-of-breakfast-launch/2016/02/18/3ce571a0-d69f-11e5-a65b-587e721fb231_story.html

Consequences for the US Paris climate deal is quit:
http://www.bbc.com/news/science-environment-35605916

NASA's biggest telescope ever prepares for million-mile journey:
http://www.csmonitor.com/Science/2016/0219/NASA-s-biggest-telescope-ever-prepares-for-million-mile-journey

Virgin Galactic to unveil new passenger spaceship today:
http://www.space.com/31977-virgin-galactic-new-spaceshiptwo-rollout-today.html

Can we grow flowers on Mars?
http://www.wired.com/2016/02/want-to-go-to-mars-get-flowers-to-bloom-on-the-iss/

Following orders "distances us" from our own actions:
http://www.bbc.com/news/science-environment-35582986

This selfie went too far:
http://www.csmonitor.com/Environment/When-selfies-go-too-far-Rare-dolphin-dies-after-beach-photos

Meet an incredible "flying" snail:
http://news.discovery.com/animals/sea-snail-flies-underwater-like-an-insect-160218.htm

Get more sleep:
http://www.cnn.com/2016/02/18/health/one-third-americans-dont-sleep-enough/

NHS trusts' overspend tops £2.2bn:
http://www.bbc.co.uk/news/health-35608992

Could the right bacteria help save children from malnutrition?
https://www.washingtonpost.com/news/speaking-of-science/wp/2016/02/18/could-the-right-gut-microbes-help-fight-childhood-malnutrition/

Foods high in cholesterol don't raise heart risks:
http://well.blogs.nytimes.com/2016/02/17/foods-high-in-cholesterol-dont-raise-heart-risks/

Could you have an eating disorder?
http://health.usnews.com/health-news/health-wellness/articles/2016-02-19/could-you-unknowingly-have-an-eating-disorder

Study advises mothers to give newborns vitamin D supplements:
http://abcnews.go.com/Health/study-advises-mothers-give-newborns-vitamin-supplements/story?id=37036367

Porn industry rejects "goggles":
http://nypost.com/2016/02/19/porn-stars-dodge-goggle-requirement/


Today's Economic Calendar:
8:00 Fed's Mester: Economic Outlook
8:30 Consumer Price Index
1:00 PM Baker-Hughes Rig Count


Notable earnings on Monday before the open: SBRA, *AGN*, AWI, CETV, CIE, EDR, EVHC, FPO, ICLR, IPXL, KOS, LTC, PDCE, STXS, SWC

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