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Apple Today - 2/25/2016 (AAPL)

seymour_greenz • February 25th 2016 11:03:11 AM

Good Morning,

NASDAQ Futures are up 4 with +14 Fair Value, S&P Futures are up 3 with +6 Fair Value and Dow Futures are up 28 on a this Thursday busy with earnings and economic data. Futures were treading water and took a dip at 1am, then fought back to green by 6am and have been hovering in positive territory mid-morning. This is despite a major drop in China today of over 6%.

Asian markets were mostly down today. China dropped 6.41%, Hong Kong closed down 1.65% and Japan gained 1.41%. On the other hand, European markets are rallying today. The UK is currently leading the gainers, up 2.43%, Germany is up 1.71% and France is up 2.23%.

Commodities are mostly down this morning. Oil is down 0.72%, natural gas is up 1.85% and gold is down 0.07%. Unleaded gas is down 0.19% and heating oil is down 1.09%. Metals are down except copper. Meat is up. Cocoa, cotton, corn, wheat and soybeans are up while coffee is down.

US durable goods orders rebound strongly in January. China's equities plunge by 6.41% as volatility reignites:.

Salesforce.com, inc. (CRM) reported earnings yesterday beating expectations and is up over 10% in pre-market. On the other hand, HP Inc. (HPQ) reported falling earnings amid PC weakness yesterday afternoon and is currently down over 5%.

Best Buy Co. (BBY), announced earnings this morning, beating Q4 profit forecasts and is up over 1%. Kohl's Corporation (KSS) is up over 3% after reporting earnings topping Q4 earnings. On the other hand, Wayfair (W) is down over 1% on reports of a narrowing loss. ReWalk Robotics (RWLK) also fell over 9% after announcing earnings this morning.

This afternoon after the bell, look for earnings from Autodesk, Inc. (ADSK), Aspen Aerogels, Inc. (ASPN), Baidu, Inc. (BIDU), Chicago Bridge & Iron Company (CBI), The Gap, Inc. (GPS), Herbalife Ltd. (HLF), Ingram Micro Inc. (IM), Intuit Inc. (INTU), The Kraft Heinz Company (KHC), Kindred Healthcare, Inc. (KND), Monster Beverage Corp. (MNST), Noodles & Company (NDLS), Nutrisystem Inc (NTRI), Universal Display Corporation (OLED), Palo Alto Networks (PANW), RE/MAX Holdings, Inc. (RMAX), Stamps.com Inc. (STMP) and Weight Watchers International, Inc. (WTW).

Tomorrow before the bell, Sotheby's (BID), Foot Locker, Inc. (FL), Hilton Worldwide Holdings (HLT), J.C. Penney Company Inc. (JCP) and Revlon, Inc. (REV) are expected to report.

AAPL saw signs of a "turnaround" yesterday, swinging from a greater than 1% loss to a 1.49% gain. AAPL opened at 93.98 to moderately high volume, struggled with mid-94 and nervously dipped to an intra-day 93.32 on relatively high volume before bouncing back over the course of the morning to recover 95 shortly after 1pm. AAPL continued to drive upwards throughout the afternoon and peaked at 96.38 on moderate volume at 3:42pm before settling slightly to close up 1.41 at 96.1. AAPL gained an additional 18 cents in after-hours to end at 96.28.

This morning in pre-market, AAPL opened lower in conjunction with Futures, but regained yesterday's close while maintaining a fairly narrow range. AAPL is currently even at 96.1 as we approach the open.


Classic max-pain is 95.


US durable goods orders rebound strongly in January:
http://www.reuters.com/article/us-usa-economy-durable-idUSKCN0VY1RQ

Jobless claims rise in US holiday Week From 3-Month Low
http://www.bloomberg.com/news/articles/2016-02-25/jobless-claims-in-u-s-rise-in-holiday-week-from-three-month-low

China's equities plunge by 6.41% as volatility reignites:
http://www.bloomberg.com/news/articles/2016-02-25/china-s-stocks-fall-as-technology-industrial-companies-retreat

Best Buy forecast misses expectations:
http://www.reuters.com/article/us-best-buy-results-idUSKCN0VY1JJ

Sears posts $580 million quarterly loss:
http://www.bloomberg.com/news/articles/2016-02-25/sears-posts-580-million-fourth-quarter-loss-as-retailer-shrinks

Kohl's warns:
http://www.reuters.com/article/us-kohls-results-idUSKCN0VY1JN

Restoration Hardware CEO blames stock-market rout for weak sales:
http://www.bloomberg.com/news/articles/2016-02-25/restoration-hardware-ceo-blames-stock-market-rout-for-weak-sales

Wayfair is closer to profitability after Q4:
http://bostinno.streetwise.co/2016/02/25/wayfair-w-q4-earnings-results-latest-stock-price/

Foxconn hesitates on $5.5 billion bid for Sharp:
http://www.nytimes.com/2016/02/26/business/foxconn-sharp.html

Tim Cook says unlocking iPhone would be bad for America:
http://www.cnet.com/news/tim-cook-apple-fbi-unlocking-iphone-would-be-bad-for-america/

Apple vs the FBI:
http://www.cnet.com/news/apple-vs-the-fbi-is-the-big-story-no-ones-talking-about-at-mobile-world-congress/

Apple is working to make iPhones even tougher to hack into:
https://www.washingtonpost.com/news/the-switch/wp/2016/02/24/apple-is-working-to-make-iphones-even-tougher-to-hack-into/

Google Docs adds voice commands:
http://www.cnet.com/au/how-to/use-voice-commands-to-write-and-format-text-with-google-docs/

Google Fiber comes to San Francisco:
http://www.zdnet.com/article/google-fiber-comes-to-san-francisco/

Google wants to save news sites from cyberattacks:
http://www.wired.com/2016/02/google-wants-save-news-sites-cyberattacks-free/

Microsoft is buying mobile tool vendor Xamarin:
http://www.zdnet.com/article/microsoft-is-buying-mobile-tool-vendor-xamarin/

Microsoft's budget Lumia 650 impresses:
http://www.engadget.com/2016/02/25/microsoft-lumia-650-hands-on/

Threats against Zuckerberg and Dorsey:
http://www.cnet.com/news/isis-supporters-threaten-zuckerberg-twitters-dorsey/

People feel mixed about Facebook emojis:
http://nypost.com/2016/02/25/people-have-mixed-emojis-over-facebooks-new-likes/

Samsung's 256GB flash chips could super-size future phone storage:
http://www.pcworld.com/article/3038034/mobile/samsungs-256gb-flash-chips-point-to-super-sized-storage-for-future-phones.html

Beijing now has more billionaires than New York City:
http://www.csmonitor.com/Business/2016/0224/Beijing-now-has-more-billionaires-than-New-York-City-study-says-video

America's most hated retailer is...
http://money.cnn.com/2016/02/24/pf/worst-retailers-customer-satisfaction/

Tesla battles GM over right to sell cars in Indiana:
http://www.bloomberg.com/news/articles/2016-02-24/tesla-battles-general-motors-over-right-to-sell-cars-in-indiana

Nissan hacked:
http://www.wired.co.uk/news/archive/2016-02/24/nissan-car-hacked

Xiaomi plans to enter US market by end of 2017:
http://www.techtimes.com/articles/136354/20160225/hugo-barra-says-xiaomi-plans-to-take-on-us-market-by-storm-but-not-until-end-of-2017.htm

Is your PC ready for VR?
http://www.cnet.com/au/news/valve-steam-vr-performance-test-benchmark/

See who's rolling around your place when you step out:
http://www.techtimes.com/articles/136252/20160225/lg-rolling-bot-could-be-a-cat-persons-best-friend-heres-the-deal.htm

Believable?
http://www.sfchronicle.com/news/article/Pennsylvania-man-sues-over-Missouri-hotel-room-6853518.php

We found it:
http://www.cnet.com/uk/news/space-radio-signal-solves-the-mystery-of-the-missing-matter/

Incredible new view of the Milky Way:
http://www.cnet.com/uk/news/space-radio-signal-solves-the-mystery-of-the-missing-matter/

Scott Kelly on nearly 1 year in space:
http://www.cnn.com/2016/02/25/us/astronaut-scott-kelly-one-year-mission-ending/

Finding #9:
http://www.space.com/32037-saturn-probe-cassini-planet-nine-search.html

Inspiration from beetle bumps:
http://www.bbc.com/news/science-environment-35650518

Mysterious ocean hum:
http://news.discovery.com/animals/mystery-ocean-hum-may-be-migration-signal-or-fish-farting-160224.htm

Is global warming slowing down?
http://www.techtimes.com/articles/136399/20160225/is-global-warming-hiatus-real-paper-claims-of-warming-slowdown-in-2000s.htm

Rise of the robots:
https://www.theguardian.com/science/the-lay-scientist/2016/feb/25/how-real-is-that-atlas-robot-boston-dynamics-video

New technique to use skin cells to kill cancer:
http://www.universityherald.com/articles/28825/20160225/researchers-develop-technique-to-use-skin-cells-to-kill-cancer.htm

NYC vs sodium:
http://www.theatlantic.com/health/archive/2016/02/new-york-sodium-salt/470955/

Check sippy cups for mold:
http://www.huffingtonpost.com/entry/parents-beware-those-sippy-cup-valves-could-be-growing-mold_us_56cddfc0e4b0ec6725e4a873

Huh?
http://www.ajc.com/news/news/national/passengers-applaud-boy-mom-and-terminally-ill-fath/nqXbZ/

Is HIV solved?
http://www.thenation.com/article/hiv-mystery-solved/

VA nurse downed beers, assisted in surgery:
https://www.washingtonpost.com/news/morning-mix/wp/2016/02/25/rick-are-you-drunk-or-something-police-say-va-nurse-downed-beers-assisted-in-surgery/

The IVF "squeeze test":
http://www.dailymail.co.uk/health/article-3462306/The-simple-squeeze-test-make-IVF-success-squishier-embryo-likely-baby.html


Today's Economic Calendar:
8:30 Durable Goods
8:30 Initial Jobless Claims
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $28B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet


Notable earnings after today's close: ACTG, *ADSK*, AGO, AHP, AHT, AIRM, AL, ALEX, AMH, AMSWA, ARP, *ASPN*, AT, ATLS, AVHI, AXLL, BANX, BCHEY, BGS, *BIDU*, BIO, BLFS, BLOX, BMRN, BVN, *CBI*, CBPO, CLVS, COWN, CSU, CVT, CWSRF, DAIO, DGI, DK, DKL, DLR, EBS, ENV, EOC, EOG, ERA, ERIE, EVC, EXETF, GERN, GG, GIFI, *GPS*, GSAT, HASI, HEI, HERO, HK, *HLF*, HPP, HTGC, HWAY, IART, IILG, *IM*, IMMR, INOV, *INTU*, *KHC*, *KND*, KW, KWR, LYV, MACK, MAIN, MDVN, MELI, MGRC, MHK, MITT, *MNST*, MOCO, MORE, MTZ, NATR, NCMI, *NDLS*, NEWP, NSU, *NTRI*, *OLED*, ONVI, OUT, OVAS, *PANW*, PBA, PEGA, PFMT, PGTI, PODD, PRAA, RARE, RBA, RLH, RLOC, *RMAX*, RPTP, RRC, RRMS, RTRX, SBAC, SEM, SEMG, SGMS, SPLK, SPNC, SPXC, SSRI, STAG, *STMP*, STRZA, SWN, TORM, TPRE, TSRO, TWOU, TXMD, UACL, UHS, VICR, WIFI, WMAR, *WTW*, XNPT, ZOES

And tomorrow before the open: ABR, ACW, AMT, ARREF, BASFY, BBEP, *BID*, BLERF, BWEN, CLNY, CNP, DRAD, E, EBKOF, ECC, *FL*, FOLD, GPT, GTN, HBP, *HLT*, HMSY, HSC, HUSKF, *JCP*, KBR, LMCA, LMCK, LVNTA, MEG, MGA, NRF, NSAM, NWHM, NWN, OGE, ONEXF, OREX, PMC, PNM, PTLA, QVCA, RDC, *REV*, RHP, SGAZF, SHEN, SMLP, SRE, SSP, TEF, TPH, TSQ, TV, VNR, WPG

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