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Apple Today - 2/29/2016 (AAPL)

seymour_greenz • February 29th 2016 11:01:02 AM

Good Morning,

Happy leap day! NASDAQ Futures are up 2 with -3 Fair Value, S&P Futures are up 3 with flat Fair Value and Dow Futures are up 20 on this final bonus day of February. Futures were green last night and dipped in early morning, hitting a low after 1am and then began a bounce back at 5am that is bringing the potential of recovery to the open.

Asian markets closed down today. China led the selloff, down 2.86%, Hong Kong dropped 1.3% and Japan lost 1%. European markets are down today. The UK is currently down 0.14%, Germany is down 0.86% and France is down 0.01%.

Commodities are mixed this morning. Oil is up 0.34%, natural gas is down 5.08% and gold is up 0.66%. Unleaded gas is down 0.36% and heating oil is up 0.83%. Metals are up except copper. Meat is down. Cocoa, corn and wheat are up while coffee, cotton and soybeans are down.

G20 disappoints. Oil gains on potential supply tightening.

ACADIA Pharmaceuticals Inc. (ACAD) reported this morning and is down over 1% after missing expectations. NRG Energy, Inc. (NRG) also announced earnings this morning and is down over 7%.

This afternoon after the bell, look for earnings from Crocs, Inc. (CROX) and Workday (WDAY).

Tomorrow before the bell, AutoZone, Inc (AZO), Dollar Tree, Inc. (DLTR), JinkoSolar Holding Co., Ltd. (JKS), Kate Spade & Company (KATE) and Medtronic plc (MDT) are expected to report.

AAPL had a quite a swing of a week, ending up 0.66% for the low volume week. AAPL opened above 96 on Monday and spent the day battling to stay above 96 and striving for 97. Tuesday AAPL began a slide that ended the day below 95. On Wednesday AAPL gapped even lower, and dipped into 93 before the big turnaround that brought AAPL back up above 96. On Thursday AAPL managed to claw back to the mid-96 area by the end of the day. To finish the week out, AAPL opened up at 97.2 on moderate volume, made a dash for 98, reaching a height of 98.02 at 11:08am on relatively high volume, followed by a dip to 96.58 and landing on the OPEX 97 heli-pad by the end of the day. AAPL ended the day up 15 cents at 96.91, a daily gain of 0.16%. AAPL dropped 6 cents in after-hours, closing at 96.85.

This morning in pre-market, AAPL opened lower near 96.5 in conjunction with Futures, tagged 96 just before 5am and then steadily recovered along with Futures. AAPL is currently up 23 cents at 97.14 as we approach the open.


Classic max-pain is 96.


G20 disappoints:
http://www.reuters.com/article/us-global-markets-idUSKCN0W201I

Bullish oil bets rise:
http://www.bloomberg.com/news/articles/2016-02-29/bullish-oil-bets-rise-as-hedge-funds-see-crude-supply-tightening

China central bank cuts reserve requirement ratio:
http://www.reuters.com/article/us-china-economy-rrr-instantview-idUSKCN0W21A0

5 things to know about India's economy:
http://www.globalpost.com/article/6739698/2016/02/29/indias-economy-five-things-you-need-know

Lumber Liquidators 4Q losses much greater than expected:
http://www.nytimes.com/aponline/2016/02/29/business/ap-us-earns-lumber-liquidators-holdings.html?_r=0

Tribune Media considers sale:
http://www.bloomberg.com/news/articles/2016-02-29/tribune-media-will-explore-strategic-options-for-broadcaster

Warren fires back at "politicians":
http://www.bloomberg.com/politics/articles/2016-02-28/buffett-fires-lucky-to-be-american-letter-at-gloomy-politicians

Icahn's fund dropped by 18% in 2015:
http://www.forbes.com/sites/nathanvardi/2016/02/29/carl-icahns-investment-fund-plunged-by-18-in-2015/#754f94b15e6f

Apple event coming week of March 21:
http://appleinsider.com/articles/16/02/27/apple-press-event-coming-week-of-march-21-with-new-ipad-new-4-inch-iphone-se-said-to-lack-3d-touch---reports

Apple’s new iPhone SE:
http://bgr.com/2016/02/29/iphone-se-iphone-5s-price/

Microsoft says Windows 10 PCs "Do More" than Macs in latest ads:
http://www.macrumors.com/2016/02/29/microsoft-windows-10-pc-vs-mac-ads/

HoloLens is now available for preorder:
http://www.cnet.com/uk/news/microsofts-hololens-is-now-available-for-pre-order/

Google's new inbox can snooze plus more:
http://www.techtimes.com/articles/137140/20160227/googles-new-inbox-has-so-much-more-than-simple-snooze.htm

Google PlaNet AI:
http://www.csmonitor.com/Technology/2016/0227/PlaNet-Google-s-latest-AI-has-amazing-accuracy-with-photo-locations

German court fines Facebook $109,000:
http://www.reuters.com/article/facebook-germany-idUSL8N16833U

WhatsApp drops support for BlackBerry and Nokia:
http://www.zdnet.com/article/whatsapp-drops-support-for-blackberry-and-nokia-oses/

Is PlayStation TV dying?
http://www.techtimes.com/articles/137236/20160229/playstation-tv-is-dying-a-slow-death-sony-quietly-halts-shipments-of-the-microconsole-in-japan.htm

Sony files patent for VR gloves:
http://www.techtimes.com/articles/137214/20160229/sony-files-patents-for-virtual-gloves-to-help-you-move-things-around-in-virtual-reality.htm

Amazon storms UK grocery market:
http://in.reuters.com/article/us-morrison-supermk-amazon-com-idINKCN0W20NO

1st Starbucks in Italy:
http://time.com/4241023/starbucks-to-open-first-store-in-italy/

Snapchat duped:
http://www.zdnet.com/article/snapchat-falls-foul-of-ceo-impersonation-hands-over-employee-pay-data/

EMC goes all-in on Flash storage:
http://www.zdnet.com/article/emc-goes-all-in-on-flash-storage-launches-dssd-d5-rack-system/

Low-cost Chinese smartphone brand Xiaomi goes after the wealthy:
http://www.forbes.com/sites/ywang/2016/02/29/low-cost-chinese-smartphone-brand-xiaomi-goes-after-the-wealthy/#2036aaed2cf9

Top 5 things from Mobile World Congress 2016:
http://www.cnet.com/videos/top-5-most-interesting-things-from-mobile-world-congress-2016/

Supercharged Raspberry Pi 3 still costs $35:
http://www.pcworld.com/article/3038992/hardware/faster-raspberry-pi-3-available-for-35-with-64-bit-processor-wi-fi.html

Sweden's 1st unmanned grocery store:
http://abcnews.go.com/Technology/wireStory/swedens-1st-unmanned-food-store-phone-37279033

Musk's SpaceX rocket launch canceled at final countdown:
http://in.reuters.com/article/us-space-spacex-idINKCN0W203E

Hubble telescope captures image of cosmic blue bubble:
http://www.csmonitor.com/Science/2016/0228/Hubble-telescope-captures-image-of-cosmic-blue-bubble

Super thin solar cell breakthrough:
http://www.csmonitor.com/Technology/2016/0229/How-a-MIT-team-made-solar-cells-as-thin-as-soap-bubbles

1st supercomputer modeled after biology:
http://microcapmagazine.com/2016-02-29-mcgill-researchers-makes-first-ever-energy-efficient-small-biological-supercomputer

The "tetraquark" may have just been discovered:
http://www.scientificamerican.com/article/physicists-may-have-discovered-a-new-tetraquark-particle/

Climate change shifting natural resources, wealth:
http://www.newsweek.com/climate-change-will-shift-natural-resources-creating-430910

Prehistoric wisdom teeth and human evolution:
http://www.csmonitor.com/Science/2016/0226/What-prehistoric-wisdom-teeth-tell-us-about-human-evolution

The granddaddy of all sea sponges:
http://www.csmonitor.com/Science/2016/0226/Did-all-animal-life-on-Earth-begin-with-a-sea-sponge

7-month old infant gets heart transplant:
http://www.techtimes.com/articles/137153/20160228/7-month-old-infant-gets-heart-transplant-after-going-into-cardiac-arrest.htm

Scottish nurse, who suffered from Ebola, discharged from hospital:
http://www.reuters.com/article/us-health-ebola-britain-nurse-idUSKCN0W10QN

How a small team of doctors convinced the world to stop ignoring Zika:
http://www.newsweek.com/zika-microcephaly-connection-brazil-doctors-431427

HIV risk chart:
https://www.washingtonpost.com/news/to-your-health/wp/2016/02/29/your-lifetime-risk-of-hiv-by-race-state-and-sexual-preference-in-four-simple-charts/

Butt implants on the "rise":
http://www.techtimes.com/articles/137201/20160229/rising-number-of-americans-opting-for-butt-implants-man-boob-reduction.htm


Today's Economic Calendar:
9:45 Chicago PMI
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey
3:00 Farm Prices


Notable earnings after today's close: BRX, ACTA, ACUR, AEGN, ANAC, APEI, ARESF, ARNA, ASCMA, AXGN, BCEI, CECO, CKEC, CO, CODI, CRC, *CROX*, DPLO, DRRX, EXEL, FGEN, FOXF, GB, HALO, JPEP, JUNO, KAMN, KITE, LXRX, MBI, MCEP, MGNX, NLST, NMFC, NSTG, NTK, NVGS, NVRO, OA, OCN, OFIX, OMAB, OPK, OPWR, PACD, PTCT, RMTI, RNET, RSO, SBLK, SNHY, SP, SYKE, TNET, TPC, TUBE, VGR, *WDAY*, XON, ZLTQ

And tomorrow before the open: ACRE, *AZO*, BNS, CNCE, DCI, DCIX, DFRG, *DLTR*, EVGN, FSIC, FSTR, GGB, GLCNF, GLF, GSL, JASN, JD, *JKS*, *KATE*, LXU, *MDT*, MLFNF, NEO, OSGB, OXFD, PRGX, SRI, STKL, TESO, WJXFF, WMC, XIN

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