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Apple Today - 2/23/2016 (AAPL)

seymour_greenz • February 23rd 2016 11:03:39 AM

Good Morning,

Welcome back. NASDAQ Futures are down 8 with -23 Fair Value, S&P Futures are down 1 with -7 Fair Value and Dow Futures are up 2 on this Tuesday busy with economic data. Futures hit a low at 3:15am and have been clawing back throughout the morning and are still down but in better shape.

Asian markets declined today. China led the drop down 0.81%, Hong Kong closed down 0.25% and Japan lost 0.37%. European markets are also down today. The UK is currently down 0.52%, Germany is down 0.78% and France is down 0.45%.

Commodities are mixed this morning. Oil is down 0.9%, natural gas is up 0.88% and gold is up 1.01%. Unleaded gas is down 0.02% and heating oil is up 0.64%. Metals are up except copper. Meat is mostly up. Cocoa and wheat are up while coffee, cotton, corn and soybeans are down.

Oil prices slip on doubts potential output cap will erode glut. US home prices rose at a steady clip in December with help from job market and low interest rates.

Motorola Solutions, Inc. (MSI) reported yesterday and is up over 6% on a Q4 profit beat. Texas Roadhouse, Inc. (TXRH) is also up over 5% after announcing earnings beating Q4 forecast.

Home Depot, Inc. (HD) announced a 7% bottom line increase this morning and is up nearly 4% in pre-market. Macy's Inc. (M) also announced earnings this morning and is up over 5% on a Q4 earnings beat. On the other hand, Intercept Pharmaceuticals (ICPT) is down over 5% after reporting a Q4 loss. .

This afternoon after the bell, look for earnings from Avis Budget Group, Inc. (CAR), Copart, Inc. (CPRT), Caesars Entertainment (CZR), Dreamworks Animation SKG Inc (DWA), Etsy, Inc. (ETSY), Extra Space Storage, Inc. (EXR), First Solar, Inc. (FSLR), Blackhawk Network Holdings, Inc. (HAWK), Jazz Pharmaceuticals, Inc. (JAZZ), Popeyes Louisiana Kitchen, Inc. (PLKI), CafePress (PRSS), Papa John's International, Inc. (PZZA) and WebMD Health Corp (WBMD).

Tomorrow before the bell, Chesapeake Energy Corporation (CHK), Gildan Activewear Inc. (GIL), Lowe's Companies, Inc. (LOW), Mobileye (MBLY), EchoStar Corporation (SATS), Shutterstock (SSTK), Target Corporation (TGT) and TJX Companies Inc. (TJX) are expected to report.

AAPL saw some strength yesterday afternoon amid low volume, motoring ahead 0.87% for the day. AAPL opened at 96.25 to moderate volume, quickly dipped to a low of 95.92 at 9:39am on relatively row volume before bouncing up to 96.59 within 10 minutes. AAPL then settled in the the low-96 area for most of the afternoon before upshifting gears and touching the intra-day high of 96.90 within moments of a relatively high volume close. AAPL ended the day up 84 cents at 96.88. AAPL dropped 27 cents in after-hours to end at 96.61.

This morning in pre-market, AAPL is lower in conjunction with Futures, moving around a range of 96.25 to 96.6. AAPL is currently down 53 cents at 96.34 as we approach the open.


Classic max-pain is 96.


Oil prices slip on doubts potential output cap will erode glut:
http://www.reuters.com/article/us-global-oil-idUSKCN0VW03S

US home prices rose at a steady clip in December with help from job market, low interest rates:
http://www.usnews.com/news/business/articles/2016-02-23/us-home-prices-rise-in-december

US to push for greater fiscal spending at G20:
http://in.reuters.com/article/us-g20-china-usa-idINKCN0VV259

Home Depot results:
http://www.reuters.com/article/us-homedepot-results-idUSKCN0VW130

Macy's sees sales boost in late winter:
http://www.bloomberg.com/news/articles/2016-02-23/macy-s-tops-estimates-as-holiday-sales-fall-less-than-predicted

In debate over Apple-FBI dispute, Gates and Zuckerberg disagree:
http://www.npr.org/sections/thetwo-way/2016/02/23/467785093/in-debate-over-apple-fbi-dispute-gates-and-zuckerberg-don-t-agree

Painful progress for Google Fiber:
http://www.zdnet.com/article/mutiny-in-texas-thanks-google-fiber/

Tango with Google:
http://www.theverge.com/2016/2/23/11094020/google-lenovo-project-tango-indoor-navigation

Facebook AI maps population:
http://www.csmonitor.com/Technology/2016/0222/How-Facebook-s-machine-learning-creates-highly-detailed-population-maps

Bill Gates clean-energy innovation agenda:
http://dotearth.blogs.nytimes.com/2016/02/23/bill-gates-the-impatient-optimist-lays-out-his-clean-energy-innovation-agenda/

UN bans lithium-ion batteries on passenger aircraft:
http://in.reuters.com/article/un-lithium-batteries-idINKCN0VV2KO

Mastercard rolls out selfie ID checks:
http://www.bbc.com/news/technology-35631456

Will Time save Marissa?
http://www.bloomberg.com/news/articles/2016-02-23/time-inc-said-to-be-interested-in-joining-fray-of-yahoo-suitors

LG G5 positioned to upstage Galaxy S7:
http://www.zdnet.com/article/lg-pits-g5-vs-samsungs-galaxy-s7-to-woo-tech-buyers/

Zuckerberg undecided when to let his daughter online:
http://www.cnet.com/uk/news/mark-zuckerberg-internet-free-basics-mobile-world-congress-2016/

Does Sony have a big lead in VR?
http://www.pcmag.com/article2/0,2817,2499778,00.asp

Sony previews futuristic smart gadgets:
http://www.pcmag.com/article2/0,2817,2499818,00.asp

Oppo claims new battery tech full charges in 15 minutes:
http://www.cnet.com/au/news/oppos-new-battery-tech-charges-a-phone-from-flat-to-full-in-15-minutes/

Scientists turn a laser cutter into a cheap 3D printer:
http://gizmodo.com/intrepid-scientists-turn-a-laser-cutter-into-a-super-ch-1760580087

Meet Glyptodonts, car-sized armadillos:
http://www.csmonitor.com/Science/2016/0222/This-is-what-you-get-when-you-cross-a-Volkswagen-with-an-armadillo

Sea levels rose faster in 20th century than in previous 2,700 years:
http://www.cnn.com/2016/02/23/world/climate-change-sea-levels-study/

Road to the discovery of gravitational waves was riddled with doubt:
http://www.latimes.com/science/sciencenow/la-sci-sn-gravitational-waves-ligo-history-20160222-story.html

NASA laser tech could send you to Mars for the weekend:
http://www.indiatimes.com/news/world/nasa-s-brand-new-laser-technology-can-land-humans-on-mars-in-just-three-days-251047.html

Ebola nurse returns to London hospital:
http://www.bbc.com/news/uk-scotland-35639748

HIV drug during pregnancy may affect social-emotional and language development:
http://www.techtimes.com/articles/135838/20160223/use-of-hiv-drug-during-pregnancy-may-affect-unborn-baby-s-social-emotional-and-language-development.htm

Charlie Sheen’s HIV disclosure may have helped raise HIV awareness:
http://www.newsweek.com/new-study-shows-charlie-sheens-recent-disclosure-may-have-helped-raise-hiv-429270

Eating chocolate improves brain function:
http://www.telegraph.co.uk/news/newstopics/howaboutthat/12167289/Eating-chocolate-improves-brain-function-study.html

Zika awakens Latin America abortion debate:
http://www.scientificamerican.com/article/zika-awakens-debate-over-legal-and-safe-abortion-in-latin-america/

Lose just 5% weight to lower your diabetes risk:
http://timesofindia.indiatimes.com/life-style/health-fitness/health-news/Lose-just-5-percent-weight-to-lower-diabetes-risk/articleshow/51105411.cms


Today's Economic Calendar:
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
10:00 Existing Home Sales
1:00 PM Results of $26B, 2-Year Note Auction
8:30 PM Stanley Fischer


Notable earnings after today's close: ABCO, AESYY, ALDR, ARC, ASMI, ATRC, BBRG, BNFT, *CAR*, *CPRT*, CVG, *CZR*, *DWA*, DXCM, DY, EHTH, EIFZF, EIX, ENPH, *ETSY*, EXAM, *EXR*, FCE.A, FIVN, FIX, FMI, FPLSF, *FSLR*, GNMK, *HAWK*, HCKT, HF, HLS, INFI, *JAZZ*, JBT, KRA, LAND, LUCRF, MASI, MATX, MSA, NATL, NYMT, ORA, PEI, PGRE, PLAB, *PLKI*, PRA, *PRSS*, *PZZA*, ROIC, RP, RPT, RUBI, SF, SLCA, SM, STLY, TGB, TROX, TTPH, TX, UCTT, VRSK, *WBMD*, WMGI, XENT, XXIA, Y

And tomorrow before the open: ADPT, AES, ARCC, AVA, BIN, BRG, CFWFF, *CHK*, CLDT, CLH, CNK, CNV, CONE, CPHR, CPSS, CRK, CVEO, CYD, DIN, DXYN, ECA, EE, EV, EXAS, FMS, FMX, *GIL*, GSS, HFC, HPT, HSNI, IBDRY, IBDSF, INOD, ITRN, LAD, LBY, *LOW*, LSG, LSGGF, *MBLY*, MCS, MEMP, MRD, NRZ, OPHT, OPTH, PARN, PRYMF, RLGY, RY, SAGE, *SATS*, SBGI, SCL, SHLX, SHOO, SQBG, SRC, *SSTK*, *TGT*, *TJX*, TSEM, VER, WOLTF

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