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Apple Today - 3/28/2016 (AAPL)

seymour_greenz • March 28th 2016 09:31:07 AM

Good Morning,

Welcome back from the long holiday weekend. NASDAQ Futures are up 11 with +14 Fair Value, S&P Futures are up 4 with +6 Fair Value and Dow Futures are up 25. Futures have been up all morning, peaking at 4am and have since settled from the highs.

Asian markets were mixed today. China dropped 0.73%, Hong Kong is closed and Japan gained 0.77%. European markets are closed today.

Commodities are mixed this morning. Oil is up 0.56%, natural gas is down 1.99% and gold is up 0.2%. Unleaded gas is up 0.55% and heating oil is down 0.15%. Metals are up. Meat is mixed. Cocoa and wheat are up and coffee, cotton, corn and soybeans are down.

US Futures rise as oil prices edge higher. US consumer spending edges up, inflation retreats.

GameStop Corp. (GME) announced Q4 earnings beating expectations but lowered Q1 guidance and is currently down over 6.5% in pre-market.

This afternoon after the bell, look for earnings from Vertex Energy, Inc. (VTNR).

Tomorrow morning, McCormick & Company, Inc. (MKC) is expected to report.

Despite the event and excitement AAPL had a flat week with very low volume, dropping just 0.24% for the week. On Monday, AAPL spent the better part of the day above 106 but dipped below in the afternoon after the event in a highly muted "sell the news" reaction. AAPL quickly recovered above 107 on Tuesday, hanging on to the upper-106 area into the close. On Wednesday, AAPL struggled to hold 107 and eventually declined towards 106 into the close. On Friday, the "presses" ran on and AAPL opened at down at 105.59 on moderate volume and made a quick early pop within minutes to 106.25 by 9:38am followed by a selloff to below 105 on relatively low volume, hitting a low of 104.89 exactly an hour after the morning high. AAPL then fairly quickly recovered the mid-105 area and remained most of the afternoon until after 2pm when AAPL pressed on to the upper-105 area. AAPL closed the day down 46 cents at 105.67. AAPL traded in a narrow range in after-hours and gained an additional 2 cents to 105.69.

This morning in pre-market, AAPL picked up with Thursday's close and gravitated towards 106, peaking at 106.28 later in the morning. AAPL is currently up 31 cents at 105.98 as we approach the open.


Classic max-pain is 104.


US Futures rise as oil rebounds:
http://www.bloomberg.com/news/articles/2016-03-28/dollar-gains-for-seventh-day-against-yen-while-japan-shares-rise

US consumer spending edges up, inflation retreats:
http://www.reuters.com/article/us-usa-economy-idUSKCN0WU0Z4

Oil prices edge higher in thin holiday trading:
http://in.reuters.com/article/global-oil-idINKCN0WU0A2

Japan’s NTT to buy Dell Systems for $3.055 billion:
http://www.bloomberg.com/news/articles/2016-03-28/japan-s-ntt-to-buy-dell-systems-for-3-055-billion

9.7-inch iPad Pro review:
http://arstechnica.com/apple/2016/03/the-9-7-inch-ipad-pro-review-what-makes-something-pro-anyway/

Microsoft apologizes for Tay:
http://www.inferse.com/40802/microsoft-deeply-sorry-tay-ai-chatbot-remarks/

Microsoft reveals dazzling "Holoportation" so we will forget about Tay:
http://www.theverge.com/2016/3/26/11309624/microsoft-hololens-holoportation-star-wars

What to expect from Microsoft's Build 2016 conference:
http://www.theverge.com/2016/3/28/11316932/microsoft-build-2016-developer-conference-preview

Here comes VR:
http://www.latimes.com/entertainment/herocomplex/la-et-hc-virtual-reality-era-begins-20160328-story.html

Samsung app confirms Galaxy S7 Active:
http://www.zdnet.com/article/samsung-app-confirms-galaxy-s7-active-is-in-the-works/

2016 Toyota Prius Prime gets 120 MPG:
http://www.csmonitor.com/Business/In-Gear/2016/0326/2016-Toyota-Prius-Prime-details-on-120-MPGe-plug-in-hybrid-all-electric-mode


Today's Economic Calendar:
8:30 International trade in goods
8:30 Personal Income and Outlays
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey
1:00 PM Results of $26B, 2-Year Note Auction


Notable earnings after today's close: AJXGF, ALXA, CCM, ECIG, EHIC, ICON, KGJI, SID, SNX, TGEN, VRAY, *VTNR*

And tomorrow before the open: ADGE, CONN, CSPKF, DEST, EMIS, ENSV, GTWCF, HH, LEN, MAGS, *MKC*, NPD, PFIN, SAIC, SFD, TGLS, VBLT, XPLT

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