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Apple Today - 3/22/2016 (AAPL)

seymour_greenz • March 22nd 2016 11:48:29 AM

Good Morning,

NASDAQ Futures are down 20 with -19 Fair Value, S&P Futures are down 8 with -7 Fair Value and Dow Futures are down 47 after explosions in Brussels shocked the markets. Futures were in better shape early this morning and began a dive after 2am that bottomed near 4:30am and has bounced but struggled to fully recover all morning as as we head into the open.

Asian markets were mixed today. China ended down 0.64%, Hong Kong lost 0.08% while Japan gained 1.94%. European markets are down today, likely affected by the situation in Brussels. The UK is currently down 0.53%, Germany is down 0.46% and France is leading the decline, down 1.02%.

Commodities are mixed this morning. Oil is down 1.3%, natural gas is up 1.53% and gold is up 0.85%. Unleaded gas is down 0.21% and heating oil is down 0.53%. Metals are up except copper. Meat is down. Coffee, corn, wheat and soybeans are up while cocoa and cotton are down.

Explosions at airport and subway kill at least 26 in Brussels. Market set to open lower after Brussels explosions. Oil trades near $41 as OPEC sees moderate gains amid output drop. Asian shares wobble as Fed rate talk revives.

NQ Mobile Inc. (NQ) reported earnings yesterday afternoon and is up over 9% in pre-market.

On the other hand, G-III Apparel Group, LTD. (GIII) announced a Q4 earnings miss and lowered guidance this morning and is down nearly 25%.

This afternoon after the bell, look for earnings from Cintas Corporation (CTAS), Krispy Kreme Doughnuts, Inc. (KKD), Nike Inc. (NKE) and Red Hat, Inc. (RHT).

Tomorrow, General Mills, Inc. (GIS) is expected to report.

AAPL had a relatively solid market reaction to the yesterday's event, dropping a single penny or 0.01%. AAPL opened up at 106 to moderately high volume and immediately jumped up to the upper-106 area where it remained for hours on low volume with an exception of a curious "odd print" of 110.56 that was later "revised" to 107.65. The event began at 1pm and AAPL struggled in the low-106 area on moderate to light volume. Apple showcased a new 4-inch iPhone, a new smaller iPad Pro and updated Apple Watch. Just before winding down at 2pm AAPL dipped on a fairly predictable but weakened "sell on the news" type action with high volume but quickly recovered and rapidly reached the low-106 area again.


Classic max-pain is 104.


Market set to open lower after Brussels explosions:
http://www.reuters.com/article/us-usa-stocks-idUSKCN0WO18U

Explosions at airport and subway kill at least 26 in Brussels:
http://www.nytimes.com/2016/03/23/world/europe/brussels-airport-explosions.html

Oil trades near $41 as OPEC sees moderate gains amid output drop:
http://www.bloomberg.com/news/articles/2016-03-21/oil-in-new-york-holds-gains-amid-speculation-oversupply-to-ease

Asian shares wobble as Fed rate talk revives:
http://www.reuters.com/article/global-markets-idUSL3N16U01G

German investor optimism rebounds as ECB stimulus calms markets:
http://www.bloomberg.com/news/articles/2016-03-22/german-investor-optimism-rebounds-as-ecb-stimulus-calms-markets

Why was the Apple FBI case delayed?
http://www.npr.org/sections/alltechconsidered/2016/03/22/470635439/the-delay-in-the-fbis-clash-with-apple-what-does-it-mean

FBI says attacker's phone may be accessible without Apple's help:
http://www.chicagotribune.com/bluesky/technology/ct-apple-fbi-encryption-debate-20160321-story.html

Apple bets new 4-inch iPhone to draw big-screen converts in China, India:
http://www.reuters.com/article/us-apple-products-emerging-idUSKCN0WO019

Apple event roundup:
http://fortune.com/2016/03/22/apple-loop-event-analysts/

Amazon is now selling Comcast TV, Internet and phone services:
http://www.pcmag.com/news/343087/amazon-now-selling-comcast-tv-internet-phone-service

The retirement crisis is getting worse for average Americans:
http://time.com/money/4266111/retirement-crisis-worse-average-americans/

The 1st home problem:
http://time.com/money/4265750/homeowners-trade-bigger-houses/

Can Apple's 9.7-inch iPad Pro replace 600 million old PCs?
http://www.zdnet.com/article/can-apples-9-7-inch-ipad-pro-replace-600-million-old-pcs-without-mouse-support/

Apple’s CareKit is the best argument yet for strong encryption:
http://www.wired.com/2016/03/apples-carekit-best-argument-strong-encryption-yet/

Apple in talks to take over PowerVR chip partner:
http://appleinsider.com/articles/16/03/22/apple-seeking-to-take-over-long-time-graphics-chip-partner-imagination-technologies

Apple delivers a significant update with iOS 9.3:
http://www.computerworld.com/article/3046632/apple-ios/apple-delivers-a-significant-update-with-ios-9-3.html

Have you met Liam?
http://appleinsider.com/articles/16/03/22/apples-liam-video-sparks-theories-of-new-iphone-6s-like-model-without-camera-bump

Vizio's midpriced P-series TVs include Android tablet remote:
http://www.cnet.com/products/vizio-p-series-2016/

Can the Micro Bit inspire a million?
Apple’s CareKit Is the Best Argument Yet for Strong Encryption

Amazon closes customer's account:
http://www.inquisitr.com/2906906/amazon-customer-account-closed-for-returning-faulty-goods/

Do urban birds have a leg up?
https://www.washingtonpost.com/news/speaking-of-science/wp/2016/03/22/urban-birds-may-be-smarter-than-their-country-cousins-new-study-suggests/

"Dinosaurs Among Us" exhibit opens:
http://www.techtimes.com/articles/142603/20160321/new-museum-of-natural-history-exhibit-explores-bird-and-dinosaur-link.htm

Our CO2 emissions outstrip even those of 56 million years ago:
http://www.csmonitor.com/Science/2016/0321/Humanity-s-CO2-emissions-outstrip-even-those-of-56-million-years-ago

China's forest conservation program shows success:
http://www.csmonitor.com/Science/2016/0319/China-s-forest-conservation-program-shows-proof-of-success

See colorful Zebrafish skin cells heal:
http://www.popsci.com/skin-cells-on-transgenic-fish-look-like-sprinkles

Shockwave of an exploding star seen for the 1st time:
http://www.cnn.com/2016/03/21/world/exploding-star-nasa-kepler/

New Mars gravity map:
http://www.techtimes.com/articles/143021/20160322/new-gravity-map-illuminates-interior-of-mars.htm

Bangladesh confirms first case of Zika:
http://www.reuters.com/article/us-health-zika-bangladesh-idUSKCN0WO0VJ

Wearable patch uses sweat to monitor blood glucose levels:
http://www.popsci.com/this-wearable-patch-uses-sweet-to-monitor-blood-glucose-levels

Most US adults lead unhealthy lifestyles:
http://www.upi.com/Health_News/2016/03/21/Most-US-adults-lead-unhealthy-lifestyle-study-says/4781458588581/

US heart disease deaths migrating south:
http://health.usnews.com/health-news/articles/2016-03-21/us-heart-disease-deaths-shifting-south

Education may not cut obese women's risk of depression:
http://timesofindia.indiatimes.com/life-style/health-fitness/health-news/Education-may-not-cut-obese-womens-risk-of-depression/articleshow/51510413.cms

Rosacea linked to increased Parkinson's risk:
http://www.techtimes.com/articles/143020/20160322/rosacea-linked-to-increased-risk-for-parkinsons-disease.htm


Today's Economic Calendar:
8:55 Redbook Chain Store Sales
9:00 FHFA House Price Index
9:45 PMI Manufacturing Index Flash
10:00 Richmond Fed Mfg.
12:30 PM Fed's Evans speech
6:30 PM Fed's Harker speech


Notable earnings after today's close: BCYP, *CTAS*, FIVE, HQY, IGXT, INVE, *KKD*, LUNA, *NKE*, *RHT*, SCS, XONE

And tomorrow before the open: AGFMF, ASUR, CTIB, DIRI, DPRX, ELTK, EVLV, FRAN, FRED, *GIS*, GLRI, IACAF, KGFHF, LFC, LIQT, NEOG, OTIV, PIRS, REX, SCON, WOR

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