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Apple Today - 3/02/2016 (AAPL)

seymour_greenz • March 2nd 2016 10:54:18 AM

Good Morning,

NASDAQ Futures are down 5 with +1 Fair Value, S&P Futures are down 4 with -2 Fair Value and Dow Futures are down 29 as we hit mid-week of our first week of March. Futures started out in the green but took a tumble after 2am, hitting a low just before 6:30am and remaining red as we approach the open.

Asian markets followed the US market rally lead. China led the advance, up 4.26%, Hong Kong gained 3.07% and Japan closed up 4.11%. However, European markets are mixed today. The UK is currently down 0.36%, Germany is up 0.32% and France is up 0.11%.

Commodities are mostly up this morning. Oil is down 1.28%, natural gas is down 2.01% and gold is up 0.38%. Unleaded gas is up 0.87% and heating oil is up 0.46%. Metals are mostly up, except platinum. Meat is mixed. Cotton, corn and soybeans are up while cocoa, coffee and wheat are down.

Private-sector job growth accelerates to 214,000. Moody's cuts China outlook.

Ross Stores, Inc. (ROST) reported solid Q4 earnings yesterday and is currently up over 2%. Progressive Corporation (PGR) also announced earnings and is currently flat.

Abercrombie & Fitch (ANF) announced Q4 earnings this morning that topped expectations and is up 8%. On the other hand, Luxottica Group S.p.A. (LUX) is down nearly 2% after announcing earnings this morning.

This afternoon after the bell, look for earnings from American Eagle Outfitters, Inc. (AEO), Skullcandy (SKUL) and Weibo Corporation (WB).

Tomorrow before the bell, Adidas AG ADR (ADDYY), Barnes & Noble Inc (BKS), Burlington Stores, Inc (BURL), Ciena Corporation (CIEN), Costco Wholesale Corporation (COST), Stratasys, Inc. (SSYS) and Trina Solar Limited (TSL) are expected to report.

AAPL ran through "fields of green" yesterday, living up to Super Tuesday and ending up 3.97% for the day on just above average volume. AAPL opened at 97.65 to moderate volume, briefly hit the low of the day at 97.42 on moderate volume and then began an epic 2-hour climb to reach 100 by 12pm, later continuing on to peak at 3:02pm the afternoon at 100.77 on average volume before settling back to 100.53 by the end of the day, a gain of 3.84. AAPL gained 12 cents in after-hours to wind up at 100.65.

This morning in pre-market, AAPL opened up higher and tagged 101.2 on low volume at 4:17am before settling back to the mid-100 area with a low of 100.42 at 9:06am. AAPL is currently down 3 cents at 100.5 as we approach the open.


Classic max-pain is 98.


Private-sector job growth accelerates to 214,000:
http://www.latimes.com/business/la-fi-jobs-adp-20160302-story.html

Moody's cuts China outlook:
http://in.reuters.com/article/us-moody-s-china-idINKCN0W407W

Sports Authority said to be planning imminent bankruptcy filing:
http://www.bloomberg.com/news/articles/2016-03-01/sports-authority-said-to-plan-bankruptcy-as-soon-as-this-week

Exxon Mobil sees production up slightly as spending stalls:
http://www.reuters.com/article/exxon-mobil-outlook-idUSL2N16A0PP

Ex-head of Chesapeake Energy charged with conspiracy:
http://www.nytimes.com/2016/03/02/business/aubrey-mcclendon-is-charged-with-conspiracy-in-oil-and-natural-gas-bidding.html

US fines Qualcomm millions over China corruption allegations:
http://www.pcworld.com/article/3040157/tech-events-dupe/qualcomm-fined-in-the-us-over-china-corruption-allegations.html

FBI error locked San Bernardino attacker’s iPhone:
http://www.nytimes.com/2016/03/02/technology/apple-and-fbi-face-off-before-house-judiciary-committee.html

Microsoft stands with Apple in iPhone Cracking Case:
http://www.pcmag.com/article2/0,2817,2500210,00.asp

Microsoft wraps up SwiftKey purchase:
http://www.zdnet.com/article/microsoft-wraps-up-swiftkey-purchase-in-move-on-android-ios/

Hidden HoloLens details:
http://www.pcworld.com/article/3039822/consumer-electronics/we-found-7-critical-hololens-details-that-microsoft-hid-inside-its-developer-docs.html

Facebook executive jailed in Brazil as court seeks WhatsApp data:
http://www.reuters.com/article/us-facebook-brazil-idUSKCN0W34WF

Facebook encroaching on YouTube:
http://www.techtimes.com/articles/137821/20160302/facebook-willing-to-spend-to-hire-hollywood-celebrities-who-can-help-boost-live-video-service.htm

Huawei P9 photo leaks dual cameras:
http://www.techtimes.com/articles/137931/20160302/huawei-p9-live-photos-leak-dual-cameras-usb-type-c-and-everything-we-know-so-far.htm

Smart watches:
http://www.cnet.com/au/news/smartwatches-arent-that-dumb/

Pebble cuts prices:
http://www.techtimes.com/articles/137865/20160302/pebble-drops-prices-of-smartwatches-pebble-time-now-sells-for-150-time-round-for-200.htm

GameFly and LG team to stream cloud-based console games to TVs:
http://www.slashgear.com/gamefly-and-lg-team-to-stream-cloud-based-console-games-to-tvs-02429988/

Thousands of popular sites at risk of encryption hack attacks:
http://www.bbc.com/news/technology-35706730

How it works:
http://www.pcworld.com/article/3039369/new-tls-decryption-attack-affects-one-in-three-servers-due-to-legacy-sslv2-support.html

CEO Pincus loss is Zynga's gain:
http://www.usatoday.com/story/tech/news/2016/03/02/tech-five-zynga-shares-surge-off-ceo-switch/81200292/

New 2016 billionare list:
http://www.forbes.com/sites/katiasavchuk/2016/03/01/new-billionaires-2016/#7fe94e0719ac

Skateboarding world record!
http://time.com/4244461/electric-skateboard-world-record/

Living, breathing supercomputers are coming:
http://www.i4u.com/2016/03/106464/living-breathing-supercomputers-are-coming

More on Google's robot dog:
http://www.cnet.com/news/google-robot-dog-military-boston-dynamics/

Researchers find exquisite 515-million-year-old fossilized nervous system:
http://www.csmonitor.com/Science/2016/0301/Researchers-find-exquisite-515-million-year-old-fossilized-nervous-system

Tiny tech revolutionizes how we study wildlife:
http://www.csmonitor.com/Technology/2016/0229/From-grizzlies-to-condors-Tiny-tech-revolutionizes-how-to-study-wildlife

Slovenia eagerly awaits hatching of "dragon" eggs:
http://www.csmonitor.com/Science/2016/0301/Slovenia-eagerly-awaits-hatching-of-dragon-eggs

What happens to the human body in space?
http://www.smithsonianmag.com/ist/?next=/science-nature/what-happens-human-body-space-180958259/

A smarter way to search:
http://www.csmonitor.com/Science/2016/0301/Understanding-others-A-smarter-way-to-search-for-aliens

Asteroid near-Earth flyby next week:
http://www.space.com/32113-asteroid-2013-tx68-earth-flyby-uncertainty.html

Brazil says microcephaly cases linked to Zika rise to 4,863:
http://in.reuters.com/article/health-zika-brazil-idINKCN0W35YN

Cuba reports first case of Zika in Venezuelan doctor:
http://www.reuters.com/article/us-health-zika-cuba-idUSKCN0W40VL

Gray hair gene identified:
http://www.npr.org/sections/health-shots/2016/03/01/468699482/this-gene-could-turn-your-hair-gray

The Matrix is coming for you:
http://www.popularmechanics.com/technology/news/a19661/hrl-laboratories-brain-teaching/

Let your boss track your fitness, get an Apple Watch:
https://www.washingtonpost.com/lifestyle/wellness/share-your-fitness-data-for-an-apple-watch--or-cash/2016/03/02/35c32cd4-e04d-11e5-8c00-8aa03741dced_story.html

8 professions that could hurt your heart and waist:
http://www.cnn.com/2016/03/01/health/work-making-you-fat/index.html

See a puppy in braces:
http://www.nydailynews.com/news/national/adorable-puppy-shows-mouth-full-braces-article-1.2549040


Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Gallup U.S. Job Creation Index
10:00 Fed's Williams: Economic Outlook
10:30 EIA Petroleum Inventories
2:00 PM Fed's Beige Book


Notable earnings after today's close: BIOS, *AEO*, ALIM, ALOG, AP, ASM, BREW, CDI, CPE, CVU, CZZ, DTSI, EAC, ECR, ECYT, EEYUF, ELEEF, GARS, GNCMA, GRP.U, GSIG, HABT, HDSN, HRTG, IDSY, INTT, ISIG, JOBS, KIN, LHCG, MJDLF, MYRG, NOG, NWLTF, OTCM, PCOM, PKIUF, PLPM, PQ, RVNC, RWC, SAWLF, SINA, *SKUL*, SMTC, SQNM, STAA, SUPN, TDGCF, TRLPF, TSE, *WB*, WEYS

And tomorrow before the open: GEGYF, ABCD, *ADDYY*, AGEN, AHONY, ALSK, AMIGF, AMRC, ARGKF, BDIMF, *BKS*, BTE, *BURL*, CGG, *CIEN*, CIO, CIX, CMLEF, CNQ, *COST*, CTTAY, DSGX, EGL, ERJ, FOMX, GSBD, GTT, GTXI, HSKA, HSON, JOY, KR, MEI, NC, PRFT, SFE, SHLO, SNCAF, SSH, SSI, *SSYS*, TAST, TECD, TRIB, TRXC, *TSL*, TVPKF, TWMC, USCR, USPH, WHF

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