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Apple Today - 3/03/2016 (AAPL)

seymour_greenz • March 3rd 2016 11:07:44 AM

Good Morning,

NASDAQ Futures are down 1 with -5 Fair Value, S&P Futures are down 2 with -3 Fair Value and Dow Futures are down 13 on this March Thursday busy with economic data. Futures have been flipping back and forth from green to red all morning.

Asian markets closed mixed. China gained 0.35%, Hong Kong dropped 0.31% and Japan fared the best, up 1.28%. European markets are down today. The UK is currently down 0.13%, Germany is down 0.28% and France is down 0.45%.

Commodities are mixed this morning. Oil is down 0.29%, natural gas is down 1.37% and gold is up 0.2%. Unleaded gas is down 0.74% and heating oil is up 0.23%. Metals are up, except silver. Meat is down. Cocoa, coffee, cotton, corn, wheat and soybeans are all up.

Applications for US jobless benefits rose last week to 278,000. Signs still point to firming labor market.

American Eagle Outfitters, Inc. (AEO) announced Q4 earnings exceeding estimates and a revenue miss and was initially up sharply but is now down nearly 1% in pre-market. On the other hand, Weibo Corporation (WB) reported an earnings beat of 2 cents and guided Q1 in-line and is currently up over 1%.

This morning, Stratasys, Inc. (SSYS) announced an 11 cent Q4 beats and guided FY16 above consensus and is up over 11%. On the other hand, Costco Wholesale Corporation (COST) reported earnings this morning that missed estimates and is down nearly 3%. Barnes & Noble Inc (BKS) is down over 1% on disappointing sales and Nook results.

This afternoon after the bell, look for earnings from Ambarella (AMBA), Broadcom Limited (AVGO), H&R Block Inc. (HRB), Jones Soda Co. (JSDA), Planet Fitness (PLNT) and XO Group Inc. (XOXO).

Tomorrow before the bell, Big Lots Inc (BIG) and Staples Inc (SPLS) are expected to report.

AAPL floated near the 100 line yesterday, dipping below 100 mid-day and bobbing back up to a 0.22% gain by day's end on a relatively low volume day. AAPL opened at 100.51 to moderately high volume before briefly spiking up to the upper-100 area on moderate volume, then sunk into the red and tread water around 100 for most of the day with periodic dips and pops. At 12:06pm AAPL hit a low of 99.64 on moderate volume and after 2pm began a recover back from sub-100 to striking distance of 101 before settling back down slightly. AAPL ended the day up 22 cents at 100.75. AAPL lost 5 cents after trading in a narrow range in after-hours trading.

This morning in pre-market, AAPL picked up from yesterday's close and made another attempt towards 101 on low volume but eventually dropped towards mid-100 later in the morning. AAPL is currently down 18 cents at 100.57 as we approach the open.


Classic max-pain is 98.


Applications for US jobless benefits rose last week to 278,000:
http://www.bloomberg.com/news/articles/2016-03-03/applications-for-u-s-jobless-benefits-rose-last-week-to-278-000

US jobless claims rise, labor market firming:
http://www.reuters.com/article/us-usa-economy-productivity-idUSKCN0W51KV

US Q4 productivity revised:
http://in.reuters.com/article/usa-economy-productivity-idINL2N16A1E9

Is house flipping peaking?
http://www.reuters.com/article/us-usa-housing-realtytrac-idUSKCN0W50CT

Target targets supply chain and online growth:
http://www.reuters.com/article/us-target-outlook-idUSKCN0W42Q3

Apple’s iPhone fight explained:
http://www.nytimes.com/interactive/2016/03/03/technology/apple-iphone-fbi-fight-explained.html

iPhone 7 features unveiled?
http://www.cnet.com/news/iphone-7-may-sport-stereo-speakers-flush-rear-camera/

Apple rolls out @AppleSupport:
http://appleinsider.com/articles/16/03/03/apple-rolls-out-applesupport-account-to-offer-tech-tips-on-twitter

Should Apple really make a car?
http://www.techtimes.com/articles/138298/20160303/apple-car-plans-are-an-illness-says-sergio-marchionne-just-leave-car-making-to-the-big-boys.htm

Google tests voice-enabled payments:
http://www.usatoday.com/story/tech/news/2016/03/03/tech-five-google-testing-voice-enabled-payments-system/81258840/

Google Cardboard VR Viewer now available for purchase:
http://www.pcmag.com/article2/0,2817,2500185,00.asp

Will Google's self-driving cars be great for seniors?
http://www.bloomberg.com/news/articles/2016-03-02/google-thinks-self-driving-cars-will-be-great-for-stranded-seniors

Amazon's Alexa adds 2:
http://www.cnet.com/uk/news/amazons-alexa-gets-comfy-in-our-homes/

Facebook exec released from Brazilian jail:
http://www.cnet.com/au/news/facebook-exec-released-from-brazilian-jail-after-whatsapp-dustup/

More live video coming to Facebook:
http://time.com/4243416/facebook-live-video/

Samsung shows off huge SSD:
http://www.zdnet.com/article/samsung-introduces-biggest-ever-ssd-for-the-enterprise/

Herbalife falls after overstating growth of new members:
http://www.bloomberg.com/news/articles/2016-03-03/herbalife-says-active-new-member-data-for-2015-had-errors

Angie's List to replace subscription model:
http://www.usatoday.com/story/tech/news/2016/03/03/angies-list-replace-subscription-model-tiered-plans/81251508/

Is Adidas making a comeback?
http://in.reuters.com/article/adidas-results-idINKCN0W50JX

"In space, no one can hear your muscles and bones wasting away":
http://news.nationalpost.com/full-comment/matt-gurney-in-space-no-one-can-hear-your-muscles-and-bones-wasting-away

Radio burst source discovery may be flawed:
http://www.space.com/32134-fast-radio-burst-source-discovery-flawed.html

"Cracking paint" theory may help explain celestial bodies size range:
http://www.techtimes.com/articles/138004/20160303/researchers-use-cracking-paint-to-explain-why-celestial-bodies-range-in-size.htm

Fossilized fungi is world’s oldest land fossil:
http://www.newsweek.com/fossilized-fungi-worlds-oldest-land-fossil-432797

Dragonfly takes record for long-distance insect migration:
http://www.csmonitor.com/Science/2016/0303/Dragonfly-smashes-record-for-long-distance-insect-migration

Joy can be dangerous for your heart:
http://www.bbc.co.uk/news/health-35710232

Zika getting mapped by Google:
http://www.reuters.com/article/us-health-zika-alphabet-idUSKCN0W50OR

Are you at risk of Alzheimer's?
http://www.dailymail.co.uk/sciencetech/article-3473243/Test-reveal-risk-Alzheimer-s-YEARS-develops-Key-proteins-seen-brain-scans-early-indicator-disease.html

Skimping on sleep may activate the "munchies":
http://www.reuters.com/article/us-health-sleep-hunger-endocannabinoids-idUSKCN0W51XB

Better get this setup:
http://www.zdnet.com/article/this-iphone-apple-watch-app-and-ibm-watson-might-help-you-finally-get-a-good-nights-sleep/

Best-selling blood pressure app gives inaccurate results:
http://www.techtimes.com/articles/138226/20160303/best-selling-blood-pressure-app-often-gives-inaccurate-results-study.htm

The roots of gray hair:
http://time.com/4242120/gray-hair-causes/

Free ice cream if you put down that phone:
http://www.cnet.com/uk/news/chick-fil-a-offers-free-ice-cream-if-you-put-down-your-phone/

Watch this monkey mind-control a wheelchair:
http://time.com/4246245/monkey-mind-control-wheelchair/


Today's Economic Calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
8:30 Productivity and Costs
8:30 Gallup Good Jobs Rate
9:45 PMI Services Index
9:45 Bloomberg Consumer Comfort Index
10:00 Factory Orders
10:00 ISM Non-Manufacturing Index
10:30 EIA Natural Gas Inventory
10:45 Fed's Kaplan: Monetary Policy
4:30 Money Supply
4:30 Fed Balance Sheet


Notable earnings after today's close: TORM, TRXC, AAV, ADC, ALG, *AMBA*, AREX, *AVGO*, BLDR, CDXS, CGNT, CLIR, CLNE, COO, CPIX, CYSVF, CYTX, DVCR, ENT, ERII, FATE, FDUS, GPL, HCI, HELI, HIIQ, *HRB*, IDT, IRG, IRIX, ISNS, *JSDA*, KOPN, KTWO, LADR, LOV, MENT, MRETF, NBY, NMBL, OEC, *PLNT*, PLSDF, SCM, SNAK, SNMX, STV, SWHC, TACT, TREC, UNXL, VTAE, *XOXO*

And tomorrow before the open: BIG, JVA, TAX

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