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Apple Today - 3/18/2016 OPEX (AAPL)

seymour_greenz • March 18th 2016 11:29:09 AM

Good Morning,

NASDAQ Futures are up 10 with +13 Fair Value, S&P Futures are up 6 with +5 Fair Value and Dow Futures are up 46 on this action-packed week and March OPEX. Futures have seen improvement through the morning and are up strong as we head into the open.

Asian markets ended mostly up today. China gained 1.73%, Hong Kong ended up 0.82% while Japan dropped 1.25%. European markets are up today. The UK is currently up 0.39%, Germany is up 0.29% and France is up 0.32%.

Commodities are mixed this morning. Oil is up 1.82%, natural gas is down 0.98% and gold is down 1.21%. Unleaded gas is up 0.72% and heating oil is up 0.53%. Metals are down. Meat is flat. Cocoa, coffee, corn, and soybeans are up while cotton and wheat are down.

Market set to add to Fed-driven rally. Oil hits 2016 high above $42 on production and demand outlook.

Adobe Systems Incorporated (ADBE) reported Q1 earnings yesterday afternoon beating expectations and guiding higher on strong cloud results and is up nearly 7% in pre-market. On the other hand, Aeropostale, Inc. (ARO) is down nearly 46% after announcing a Q4 loss and sales talk disclosure. Shoe Carnival, Inc. (SCVL) reported a profitable Q4 and looks to open higher.

This morning, Tiffany & Co. (TIF) reported Q4 earnings with a shaky outlook and is currently down slightly in pre-market.

On Monday before the bell, watch for earnings from Carnival Corporation (CCL).

AAPL bobbed in the waters yesterday, dipping 0.16% on relatively low volume. AAPL opened under water at 105.42 on relatively high volume due to Futures and JBL's earning comment on "mobile weakness". AAPL soon put in a low of 104.96 on moderately high volume before quickly bobbing back up to green by 11am on moderate volume and then springing up out of the water line to set a new peak of 106.47 at 12:32am on fair volume. AAPL then dipped below the water line again later in the afternoon, bobbing back up once again shortly before the close and finally dipping into the close to end down 17 cents at 105.80. AAPL gained an additional 20 cents in after-hours to end at an even 106.

This morning in pre-market, AAPL picked up with yeaterday's after-hours at 106 and struggled in the upper-105 area first before blasting up near 7am on Oppenheimer's "exciting" iPhone comments, leading to a pre-market high of 106.45 at 7:26am. AAPL is currently up 54 cents at 106.34 as we approach the open.


Classic max-pain is 101. Today is OPEX. Have a good weekend with your friends and family.


Market set to add to Fed-driven rally:
http://www.reuters.com/article/usa-stocks-idUSL3N16Q3JE

Oil hits 2016 high above $42 on production and demand outlook:
http://www.reuters.com/article/us-global-oil-idUSKCN0WK03R

Adobe posts strong results on the Cloud:
http://www.bloomberg.com/news/articles/2016-03-17/adobe-surpasses-estimates-as-demand-surges-for-cloud-services

Tiffany warns:
http://fortune.com/2016/03/18/tiffany-profit-warning/

Aeropostale plunges:
http://www.bloomberg.com/news/articles/2016-03-17/aeropostale-will-explore-strategic-alternatives-as-losses-deepen

Former Porsche executives acquitted of manipulating VW stock:
http://www.nytimes.com/2016/03/19/business/international/porsche-acquitted.html

Baidu getting in on self-driving cars in the US:
http://www.newsweek.com/chinese-tech-giant-baidu-test-self-driving-cars-us-438144

JPMorgan increases stock buyback program by up to $1.88 billion:
http://in.reuters.com/article/us-jpmorgan-buyback-idINKCN0WJ317

Drone regulation for US:
http://www.wired.com/2016/03/america-regulate-drones-now-get-left-behind/

Apple engineers may resist:
http://www.nytimes.com/2016/03/18/technology/apple-encryption-engineers-if-ordered-to-unlock-iphone-might-resist.html

Is Google parting with robots?
http://www.techtimes.com/articles/142017/20160318/alphabet-plans-to-sell-humanoid-robot-maker-boston-dynamics-heres-why.htm

Has Apple has won the PC war?
http://www.computerworld.com/article/3045933/apple-mac/adobe-data-hints-apple-has-won-the-pc-wars.html

Pre-order the PlayStation VR headset:
http://time.com/4264085/playstation-vr-virtual-reality-sony-preorder-pre-sale/

Oculus Rift could have wide adoption:
http://www.newsweek.com/oculus-rift-isnt-just-coming-hardcore-gamers-its-coming-your-mom-437664

Does Galaxy S7 Edge takes on iPhone 6S Plus:
http://www.theverge.com/2016/3/18/11245680/samsung-galaxy-s7-edge-vs-iphone-6s-plus-camera-comparison

Twitter is clearing the deck:
http://www.cnet.com/au/news/twitter-to-close-the-door-on-its-windows-tweetdeck-app/

Twitter’s algorithmic timeline:
http://venturebeat.com/2016/03/17/why-im-opting-out-of-twitters-algorithmic-timeline/

EMC wins partial patent victory against Pure Storage:
http://www.nasdaq.com/article/emc-wins-partial-patent-victory-against-pure-storage-20160315-01260

$395 Michael Kors smartwatch coming this fall
http://www.pcmag.com/news/343001/395-michael-kors-smartwatch-coming-this-fall

Zuckerberg's "smog jog":
http://www.nytimes.com/2016/03/19/world/asia/mark-zuckerberg-jogging-beijing-smog.html

Pluto is more geographically diverse than many planets:
http://www.csmonitor.com/Science/2016/0317/Pluto-is-more-geographically-diverse-than-many-planets

Watch the new crew launch to Space Station live today:
http://www.space.com/32307-soyuz-space-station-crew-launch-webcast.html

Earth's magnetic field saved early life from the sun:
http://www.csmonitor.com/Science/2016/0317/Shields-up!-How-Earth-s-magnetic-field-saved-early-life-from-the-sun

Humans interbred with Hominins:
http://www.nytimes.com/2016/03/22/science/neanderthals-interbred-with-humans-denisovans.html

The future of Guantanamo:
http://www.csmonitor.com/Science/2016/0317/Guantanamo-From-detention-center-to-peace-park

CRISPR-Cas9 can monitor and target RNA for potential cancer and autism treatment:
http://www.techtimes.com/articles/142061/20160318/gene-editing-tool-crispr-cas9-can-now-monitor-and-target-rna-in-living-cells.htm

Spring soon to be sprung:
http://www.techtimes.com/articles/141821/20160317/spring-is-coming-vernal-equinox-happens-march-20-and-heres-what-you-need-to-know.htm

Hyenas join wolf packs in unusual alliance:
http://www.dailymail.co.uk/sciencetech/article-3498668/Barking-mad-Hyenas-wolves-teaming-Israel-overcome-tough-hunting-conditions.html

Fleeing a war zone makes people more likely to develop psychosis:
http://nymag.com/scienceofus/2016/03/fleeing-a-war-zone-makes-people-more-likely-to-develop-psychosis.html

Mosquitoes could spread Zika in dozens of US cities:
http://www.cbsnews.com/news/zika-virus-mosquitoes-us-cities-most-at-risk/

US FDA rejects Eagle Pharma's blood thinner:
http://www.reuters.com/article/us-eagle-pharms-fda-idUSKCN0WK18V

Scientists find a "stop eating" switch in the brain:
http://www.techtimes.com/articles/142070/20160318/goodbye-obesity-hello-weight-loss-scientists-find-stop-eating-switch-in-the-brain-of-a-mouse.htm

Healthiest counties of the US in 2016:
http://www.techtimes.com/articles/142063/20160318/2016-county-health-rankings-list-of-the-healthiest-counties-in-the-us.htm

Colonoscopy could save your life:
http://www.techtimes.com/articles/142106/20160318/colonoscopy-who-needs-it-how-its-done-and-how-it-can-save-your-life.htm

Rats linked to depressive symptoms:
http://www.techtimes.com/articles/141787/20160318/rats-linked-to-depressive-symptoms-in-low-income-neighborhoods.htm

2 breakfasts can help kids avoid being overweight or obese:
http://www.techtimes.com/articles/142060/20160318/2-breakfasts-help-kids-avoid-being-overweight-or-obese-study.htm

10 steps to a better night's rest:
http://www.abc-7.com/story/31503586/10-steps-to-a-better-nights-rest-a-world-sleep-day-special

Are standing desks really beneficial?
http://www.npr.org/sections/health-shots/2016/03/17/470713717/stand-to-work-if-you-like-but-dont-brag-about-its-benefits


Today's Economic Calendar:
10:00 Reuters/UofM Consumer Sentiment
10:00 Atlanta Fed's Business Inflation Expectations
1:00 PM Baker-Hughes Rig Count
3:00 PM Fed's Bullard: U.S. Monetary and Economic Policy


Notable earnings on Monday before the open: *CCL*, CPL, IHS

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