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Apple Today - 2/22/2016 (AAPL)

seymour_greenz • February 22nd 2016 10:51:24 AM

Good Morning,

Welcome back. NASDAQ Futures are up 48 with +47 Fair Value, S&P Futures are up 21 with +21 Fair Value and Dow Futures are up 178 as we start the last full week of February. Futures saw a nice boost at 2am and are holding up well as the bell approaches.

Asian markets rallied today. China gained 2.35%, Hong Kong closed up 0.95% and Japan made it up 0.9%. European markets are also in rally mode today. The UK is currently up 1.28%, Germany is up 1.7% and France is up 1.66%.

Commodities are mixed this morning. Oil is up 4.05%, natural gas is down 1.88% and gold is down 1.54%. Unleaded gas is up 4.28% and heating oil is up 3.93%. Metals are down except copper. Meat is up. Cocoa, coffee, cotton, corn, wheat and soybeans are all up.

China stocks rise to highest in month amid regulator reshuffle. Miners push Europe stocks higher, FTSE 100 gains amid "Brexit". Euro zone February business growth slowed.

Allergan plc (AGN) announced earnings this morning, beating expectations by $0.09 EPS and is up nearly 2.5% in pre-market.

This afternoon after the bell, look for earnings from Motorola Solutions, Inc. (MSI) and Texas Roadhouse, Inc. (TXRH).

Tomorrow before the bell, Angie's List, Inc. (ANGI), ARIAD Pharmaceuticals, Inc. (ARIA), Cracker Barrel Old Country Store, Inc. (CBRL), Care.com, Inc. (CRCM), Home Depot, Inc. (HD), Intercept Pharmaceuticals (ICPT), Invesco Mortgage Capital Inc. (IVR), Lamar Advertising Company (LAMR), Lexmark International, Inc. (LXK), Macy's Inc. (M), Office Depot Inc. (ODP), J. M. Smucker Company (SJM), Toll Brothers Inc. (TOL) and Vitamin Shoppe, Inc. (VSI) are expected to report.

AAPL had a relatively strong week, gaining just over 2 points and 2.15% to close the week above 96, despite threatening to testing the previous week. On Tuesday, AAPL gapped up from 94 to 95 and didn't look back, keeping the pace up consistently to get within striking distance of 97 by the end of the day. On Wednesday, AAPL kept the pace up and managed to break above 98. On Thursday, however, despite hitting prices of over 99 in pre-market, AAPL sold off rapidly, losing 98 and 97 and eventually sinking towards 96. On Friday, AAPL opened at 96 to moderate volume, then quickly briefly dipped to 95.80 on fairly light volume, then spiked to 96.76 at 11:32am on moderately low volume. AAPL then basically stayed in a narrow range from low-96 to mid-96 all day on very low volume, finishing the day down 22 cents at 96.04. AAPL saw just about as much price action in after-hours as it did all day, dropping a additional 14 cents to 95.90.

This morning in pre-market, AAPL opened up strong in conjunction with Futures and broke above 97 early on low volume. After 6am, AAPL began slipping and later bounced in the lower mid-96 area. AAPL is currently up 36 cents at 96.4.


Classic max-pain is 96.


China stocks rise to highest in month amid regulator reshuffle:
http://www.bloomberg.com/news/articles/2016-02-22/china-s-stocks-extend-weekly-gain-as-new-regulator-head-picked

Miners push Europe stocks higher, FTSE 100 gains amid "Brexit":
http://www.bloomberg.com/news/articles/2016-02-22/miners-push-europe-stocks-higher-as-ftse-100-gains-with-bhp

Euro zone February business growth slowed:
http://www.reuters.com/article/us-eurozone-economy-pmi-idUSKCN0VV0Q8

Veterans say oil slump will last:
http://www.reuters.com/article/ceraweek-glut-idUSL2N1600OT

Investment bank trading revenue declined 9% in 2015:
http://in.reuters.com/article/us-banks-investment-trading-idINKCN0VV007

Aliso Canyon gas leak plugged:
http://www.latimes.com/business/la-fi-aliso-canyon-reliability-20160222-story.html

UN warns of nuclear material falling into terrorists' hands:
http://www.chicagotribune.com/news/nationworld/ct-nuclear-material-warning-20160222-story.html

Arms trade is on the rise:
http://www.bbc.co.uk/news/world-asia-35628477

Goldman cuts legal cost estimate:
http://www.reuters.com/article/us-goldman-sachs-legal-losses-idUSKCN0VV19C

Apple says FBI opposition is "absolutely not a marketing strategy":
http://www.macrumors.com/2016/02/22/apple-says-fbi-opposition-not-marketing-strategy/

Apple’s GPU designer aims to bring high-power graphics to low-cost phones:
http://www.pcworld.com/article/3036115/apple-s-gpu-designer-aims-to-bring-high-power-graphics-to-low-cost-phones.html

Facebook's plan to shake up telecoms:
http://fortune.com/2016/02/22/facebook-telco-infra-project/

Sony touts AI-powered Xperia Ear and Eye, unveils new X smartphones:
http://www.zdnet.com/article/sony-touts-ai-powered-xperia-ear-and-eye-unveils-new-x-smartphones/

Epson's latest smart glasses:
http://www.pcworld.com/article/3036092/mobile/epsons-latest-smart-glasses-pack-an-oled-display-into-a-light-package.html

Lenovo unveils new Windows 10 budget hybrid laptops:
http://www.techtimes.com/articles/135407/20160222/lenovo-unveils-new-windows-10-hybrid-laptops-for-the-budget-conscious.htm

Phone accessories are taking center stage:
http://www.theverge.com/2016/2/19/11044678/phone-accessories-future-innovation

Is 2016 the year of accessories?
http://www.cnet.com/news/samsung-lg-have-sold-you-their-little-black-dress-now-they-want-you-to-accessorize/

HP Elite x3 is a flagship Windows phone that’s unambiguously enterprisey:
http://arstechnica.com/gadgets/2016/02/hp-elite-x3-a-flagship-windows-phone-thats-unambiguously-enterprisey/

AT&T to invest $10 billion to boost global business solutions division:
http://www.techtimes.com/articles/135465/20160222/at-t-to-invest-10-billion-to-boost-global-business-solutions-division.htm

5G coming sooner than you think:
http://www.pcworld.com/article/3035716/mobile/5g-could-be-done-long-before-2020.html

Why women make less money than men selling things on Ebay:
http://www.csmonitor.com/Business/2016/0220/Why-women-make-less-money-than-men-selling-things-on-Ebay

Researchers demonstrate quantum surrealism:
http://www.techtimes.com/articles/135422/20160222/researchers-demonstrate-quantum-surrealism-heres-what-it-is-in-english.htm

Early human settlers set forests on fire 1,000 years ago in Madagascar:
http://www.natureworldnews.com/articles/20115/20160222/madagascar-early-human-settlers-set-forests-fire-1-000-years.htm

Apollo 10 astronauts heard odd "space music" on far side of moon:
http://news.discovery.com/space/history-of-space/apollo-10-astronauts-heard-odd-music-on-far-side-of-moon-160222.htm

Record 18,300 apply to become NASA astronauts, 14 to be accepted:
http://news.discovery.com/space/record-18300-apply-for-nasa-astronaut-training-160221.htm

ISS astronauts test HoloLens in space:
http://www.techtimes.com/articles/135511/20160222/iss-astronauts-test-hololens-in-space-how-augmented-reality-will-help-them.htm

Will NASA to send your artwork to asteroid Bennu?
http://www.cnn.com/2016/02/21/us/nasa-art-asteroid/

India Inc to benefit from LIGO project spin-offs:
http://timesofindia.indiatimes.com/city/ahmedabad/India-Inc-to-benefit-from-LIGO-project-spin-offs/articleshow/51086394.cms

Neuroscientists found the basis for "just following orders" excuse:
http://qz.com/621274/neuroscientists-have-found-a-basis-for-the-i-was-just-following-orders-excuse/

Lumber Liquidators revised cancer-risk report:
http://www.reuters.com/article/us-lumber-liquidate-health-stocks-idUSKCN0VV19T

700 genetic differences found between farmed and wild salmon:
http://www.techtimes.com/articles/135305/20160221/study-finds-more-than-700-genetic-differences-between-hatchery-grown-and-wild-salmons.htm

New tools to fight AIDS:
https://www.bostonglobe.com/opinion/2016/02/20/new-tools-fight-aids/qLJSeyi1vhlpLdH4iQjC1N/story.html

Air pollution increases risk for obesity, diabetes:
http://www.upi.com/Health_News/2016/02/22/Study-Air-pollution-increases-risk-for-obesity-diabetes/6451456146674/

Can coffee save your liver?
http://qz.com/621294/scientists-believe-coffee-can-help-protect-from-liver-disease/

American sleep patterns:
http://www.nytimes.com/2016/02/21/us/american-sleep-patterns-vary-by-age-race-and-place-study-finds.html


Today's Economic Calendar:
8:30 Chicago Fed National Activity Index
9:45 PMI Manufacturing Index Flash


Notable earnings after today's close: STXS, ACC, BHP, CBPX, CHGG, CHMT, CJES, DEPO, ELGX, ESRT, GEN, GLRE, HLX, HURN, IPHS, LNT, LNTH, MDR, MHLD, MIC, MMSI, MRC, *MSI*, NDSN, NLS, OKE, OKS, ONDK, PDLI, PEB, PSIX, QTS, QUAD, RAIL, RGLS, ROG, SGY, SHO, SPN, SREV, THC, TMH, *TXRH*, VECO, VVC

And tomorrow before the open: ACPW, AER, AIXG, ALQA, *ANGI*, ANIP, *ARIA*, ASR, ASTE, BCRX, BMO, *CBRL*, CEQP, CPS, *CRCM*, CRZO, CTB, CTG, DAKT, DNOW, DRH, ECL, EXLS, FDP, FELE, FTR, GKNCF, GLDD, HCLP, *HD*, HEP, HSII, *ICPT*, IHG, INSY, ISLE, *IVR*, JAKK, KOF, *LAMR*, LECO, *LXK*, LXP, *M*, MDXG, NCLH, NM, NTIOF, *ODP*, PRTK, SAH, *SJM*, SNH, SNI, SOHO, STAY, STOR, SUI, TNC, *TOL*, TREX, *VSI*, WDGJF, WLK, WLKP, WTR, WWW, XHR

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