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Apple Today - 2/26/2016 OPEX (AAPL)

seymour_greenz • February 26th 2016 11:05:07 AM

Good Morning,

NASDAQ Futures are up 24 with +28 Fair Value, S&P Futures are up 8 with +10 Fair Value and Dow Futures are up 75 on this final OPEX Friday in February. Futures were looking flat today until 2am when a 3 hour rally began, peaking at 5am and partially sliding back down but remaining green.

Asian markets closed up today. China gained 0.95%, Japan gained 0.3% and Hong Kong led the advance up 2.52%. European markets are up strong again today. The UK is currently up 1.18%, Germany is up 1.64% and France is up 1.5%.

Commodities are mostly up this morning. Oil is up 1.66%, natural gas is down 0.22% and gold is down 0.31%. Unleaded gas is up 0.82% and heating oil is up 1.27%. Metals are down except copper. Meat is mostly up. Cocoa, coffee, corn, wheat and soybeans are up while cotton is down.

Futures rise as G20 meeting in focus. US economy grew at 1% rate in Q4.

Baidu, Inc. (BIDU) is up over 11% this morning after reporting earnings yesterday afternoon with a Q4 beat and a Q1 guidance miss. Herbalife Ltd. (HLF) also announced earnings yesterday and is in resolution discussion with FTC and is up nearly 12%. On the other hand, Weight Watchers International, Inc. (WTW) is down over 28% on an earnings miss.

J.C. Penney Company Inc. (JCP) reported increased revenue, beating Q4 expectations and is up nearly 15%. Foot Locker, Inc. (FL) also announced earnings with a 12% increase in profits and is up nearly 2%.

On Monday before the bell, ACADIA Pharmaceuticals Inc. (ACAD), Hertz Global Holdings, Inc. (HTZ), NRG Energy, Inc. (NRG) and Tribune Media Company (TRCO) are expected to report.

AAPL's turnaround continued yesterday, showing a foundation of strength and ending the day up 0.69% on very low overall volume. AAPL opened at 96.16 to moderate volume and quickly dipped to a low of 95.25 on moderate volume before bouncing back to peak in the green at 10:54am on lower volume. AAPL then settled in the upper-95 area in early afternoon before turning green again and turning up to peak at 96.76 at the close, up 66 cents for the day. AAPL dropped 14 cents in after-hours trading to 96.62.

This morning in pre-market, AAPL opened higher in conjunction with Futures and crossed the 97.5 line early to peak at 97.63 at 5:04am. Soon after, AAPL settled back down towards 97 and is bouncing into the lower-97 area. AAPL is currently up 51 cents at 97.27 as we approach the open.


Classic max-pain is 96. Today is OPEX. Have a good weekend with your friends and family.


Futures rise as G20 meeting in focus:
http://www.businessinsider.com/r-futures-rise-ahead-of-gdp-data-g20-meeting-in-focus-2016-2

Higher open after GDP data:
http://in.reuters.com/article/us-usa-stocks-idINKCN0VZ1LY

US economy grew at 1% rate in Q4:
http://www.nytimes.com/aponline/2016/02/26/us/politics/ap-us-economy-gdp.html

US test-fires ICBMs to stress its power to Russia, North Korea:
http://www.reuters.com/article/us-usa-defense-nuclear-idUSKCN0VZ02R

Foxconn in talks with Sharp to get deal rolling again:
http://www.reuters.com/article/sharp-restructuring-idUSL3N1650EQ

J.C. Penney results bright spot amid retail gloom:
http://www.reuters.com/article/us-jc-penney-results-idUSKCN0VZ0BC

Baidu beats estimates:
http://www.bloomberg.com/news/articles/2016-02-25/baidu-sales-beat-analysts-estimates-as-it-grows-beyond-search

Nintendo cuts annual outlook:
http://in.reuters.com/article/us-nintendo-outlook-idINKCN0VZ0OH

UBS faces money laundering and fraud inquiry in Belgium:
http://www.nytimes.com/2016/02/27/business/dealbook/ubs-faces-money-laundering-and-fraud-inquiry-in-belgium.html

The 5 biggest reveals from Apple's motion to dismiss the FBI's court order:
http://www.macworld.com/article/3038355/security/the-5-biggest-reveals-from-apples-motion-to-dismiss-the-fbis-court-order.html

Apple's upcoming spring collection:
http://www.computerworld.com/article/3038421/apple-ios/what-we-think-we-know-about-apples-spring-collection.html

Siri coming to Mac?
http://www.cnet.com/au/news/siri-may-wend-her-way-to-the-mac-this-year/

Apple hires key dev behind Snowden's secure messaging app:
http://www.zdnet.com/article/apple-hires-key-dev-behind-snowdens-signal-pet-secure-messaging-app/

Google AI can tell where a photo was taken:
http://www.zdnet.com/article/google-ai-can-pinpoint-where-any-snap-was-taken-just-by-looking-at-pixels/

YouTube now lets you blur anything:
http://www.pcmag.com/article2/0,2817,2499987,00.asp

Microsoft adds security enhancements:
http://www.pcworld.com/article/3038043/microsoft-adds-new-security-enhancements-to-its-cloud-offerings.html

Microsoft Android-Windows 10 bridge is dead but iOS and Win32 remain:
http://www.zdnet.com/article/microsoft-our-android-windows-10-bridge-is-dead-but-ios-win32-ones-moving-ahead/

The evolution of ads on Facebook:
http://www.wired.com/2016/02/might-not-actually-mind-facebooks-overhauled-ads/

Zuckerberg scolds employees:
http://www.pcmag.com/article2/0,2817,2500002,00.asp

Google, Microsoft, Apple... where the money comes from:
http://www.zdnet.com/article/google-microsoft-apple-where-does-the-money-come-from/

Xiaomi Mi5 review:
http://www.anandtech.com/show/10088/xiaomi-mi5-hands-on

Revlon CEO stepping down:
http://fortune.com/2016/02/26/revlons-ceo-is-stepping-down/

Sears CEO speaks out:
http://www.bloomberg.com/gadfly/articles/2016-02-26/eddie-lampert-s-sears-promises-lack-results

Indiana allows Tesla to keep selling for now:
http://www.techtimes.com/articles/136850/20160226/indiana-allows-tesla-keep-selling-cars-state.htm

Companies experiment with build-your-own smartphone programs:
http://www.chicagotribune.com/bluesky/technology/ct-build-your-own-smartphone-20160226-story.html

Did global warming slow down in the 2000s, or not?
http://www.scientificamerican.com/article/did-global-warming-slow-down-in-the-2000s-or-not/

Decline of species that pollinate poses a threat to global food supply:
http://www.nytimes.com/2016/02/27/science/decline-of-species-that-pollinate-poses-a-threat-to-global-food-supply-report-warns.html

What's so special about the new Atlas robot?
https://www.washingtonpost.com/news/innovations/wp/2016/02/25/why-roboticists-are-raving-about-googles-new-robot/

Scientists use pulsars to find low-frequency gravitational waves:
http://www.techtimes.com/articles/136711/20160226/scientists-use-pulsars-to-find-low-frequency-gravitational-waves.htm

Avoiding the perfect storm:
http://www.popsci.com/now-ships-can-get-advance-warning-monster-rogue-waves

Quantum dots breakthrough:
http://www.csmonitor.com/Science/2016/0225/Quantum-dots-finally-take-a-giant-leap-forward

1st successful uterus transplant in US:
http://www.nytimes.com/2016/02/26/health/uterus-transplant-cleveland-clinic.html

Obesity linked to worse memory:
http://www.bbc.co.uk/news/health-35658652

Keeping mentally active and Alzheimer's disease:
https://www.washingtonpost.com/news/to-your-health/wp/2016/02/26/keeping-mentally-active-doesnt-stave-off-alzheimers-disease-only-its-symptoms/

Zika infection may cause stillbirth or loss of brain tissue:
http://in.reuters.com/article/health-zika-stillbirth-idINKCN0VY2X1

Would you volunteer?
http://www.npr.org/sections/health-shots/2016/02/25/468120804/why-scientists-hope-to-inject-some-people-with-zika-virus

Doctors remove 35-pound tumor Peruvian woman:
http://www.techtimes.com/articles/136705/20160226/doctors-remove-giant-tumor-from-the-abdomen-of-peruvian-woman.htm


Today's Economic Calendar:
8:30 GDP Q4
8:30 International trade in goods
8:30 Personal Income and Outlays
10:00 Reuters/UofM Consumer Sentiment
10:15 Fed's Powell and Williams: "Fed Communication Away from the Zero Lower Bound"
11:30 Results of $28B, 7-Year Note Auction
1:00 PM Baker-Hughes Rig Count
1:30 PM Fed's Reserve Gov. Lael Brainard speech


Notable earnings on Monday before the open: BOARF, FUR, AAMC, *ACAD*, ARHVF, ARQL, BSFT, CMRX, CRIS, DOC, EBIX, ENDP, FDML, FRO, *HTZ*, HYH, HZNP, IPI, MEET, MGLN, MRRTY, NLNK, *NRG*, PARR, RESI, SALT, SFL, STNG, SYNL, TCPC, TOUR, *TRCO*

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