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Apple Today - 3/29/2016 (AAPL)

seymour_greenz • March 29th 2016 11:38:07 AM

Good Morning,

NASDAQ Futures are down 7 with -5 Fair Value, S&P Futures are down 5 with -5 Fair Value and Dow Futures are down 53 as we wait for Yellen at 11:30am. Futures were up earlier this morning and took a dive at 5:30am and are currently near the morning lows as we await the open.

Asian markets were mixed today. China dropped 1.28%, Hong Kong gained 0.1% and Japan lost 0.18%. European markets are mixed today. The UK is currently down 0.1%, Germany is down 0.04% and France is up 0.69%.

Commodities are mostly down this morning. Oil is down 2.08%, natural gas is down 0.57% and gold is down 0.12%. Unleaded gas is down 1.83% and heating oil is down 1.76%. Metals are mostly down except platinum. Meat is mixed. Cocoa, wheat and soybeans are up while coffee, cotton, corn are down.

Market awaits Yellen at 11:30am. US home prices up in January, but below expectations. Pending home sales rise 3.5% in February. Government drops case against Apple.

McCormick & Company, Inc. (MKC) announced Q1 earnings this morning with 5 cent beat and maintains guidance and is up over 1% in pre-market.

This afternoon after the bell, look for earnings from Dave & Buster's Entertainment Inc (PLAY), Qihoo 360 Technology Co Ltd (QIHU), Restoration Hardware Holdings Inc (RH) and Sonic Corp (SONC).

Tomorrow morning, Aldeyra Therapeutics Inc (ALDX), Carnival Corp (CCL) and Lululemon Athletica Inc (LULU) are expected to report.

AAPL showed promise in pre-market yesterday but ultimately rolled down 0.45% yesterday on extremely low volume. AAPL opened at 106 on moderate volume and immediately put in the high of the day at 106.19 on moderate volume before quickly heading to the mid-105 area. AAPL thrashed around 105.5 for the rest of the morning and struggled into the afternoon when AAPL slipped in late afternoon trading setting a low of 105.06 shortly before close. AAPL ended the day down 48 cents at 105.19. AAPL dropped an additional 9 cents in after-hours to 105.1.

This morning in premarket, AAPL opened up higher to 105.5 on news of the government dropping the iPhone case against Apple. Later, however, AAPL dipped down into the upper-104 area before bouncing back. AAPL is currently down 14 cents at 105.05 as we approach the open.


Classic max-pain is 105.


Europe shares fade, dollar slips as investors look to Yellen:
http://www.reuters.com/article/us-global-markets-idUSKCN0WU00R

US home prices up in January, but below expectations:
http://www.reuters.com/article/us-usa-economy-homes-index-idUSKCN0WV1I9

Pending home sales rise 3.5% in February:
http://www.forbes.com/sites/erincarlyle/2016/03/28/pending-home-sales-rise-3-5-first-notable-increase-since-last-april/#612bb35659ba

Emerging-market currencies pare gains as markets await Yellen:
http://www.bloomberg.com/news/articles/2016-03-29/ringgit-leads-emerging-currencies-advance-as-china-raises-fixing

Bank of England warns:
http://www.bloomberg.com/news/articles/2016-03-29/bank-of-england-raises-buffer-rate-as-brexit-referendum-looms

Fitch cuts Chicago credit rating in wake of pension ruling:
http://www.reuters.com/article/chicago-ratings-outlook-idUSL2N170121

You have 2 weeks to bid on Yahoo:
http://www.cnet.com/uk/news/yahoo-suitors-said-to-have-two-weeks-to-submit-preliminary-bids/

SunEdison at risk of bankruptcy:
http://www.reuters.com/article/us-sunedison-inc-terraform-global-risk-idUSKCN0WV160

US hacks iPhone, ending legal battle:
http://www.chicagotribune.com/bluesky/technology/ct-apple-iphone-fbi-legal-questions-20160329-story.html

Apple iPhone SE review:
http://www.wired.com/2016/03/review-apple-iphone-se/

A history of Sharp:
http://www.bloomberg.com/news/articles/2016-03-29/sharp-s-104-years-from-pencils-and-displays-into-foxconn-s-arms

Samsung Pay review:
http://www.cnet.com/uk/news/samsung-pay-versus-apple-pay-google-pay/

PlayStation 4K to be announced just before PS VR launch:
http://arstechnica.com/gaming/2016/03/playstation-4k-4-5-announced-october/

Megatron would be proud:
http://www.nydailynews.com/news/national/smartphone-shaped-gun-helps-owners-carry-occasion-article-1.2580536

The state of AI:
http://fortune.com/2016/03/22/artificial-intelligence-nvidia/

Facebook may partner with Apple Pay to offer in-store purchases with Messenger:
http://appleinsider.com/articles/16/03/28/facebook-plans-to-use-messenger-for-retail-point-of-sale-service-could-integrate-apple-pay

Facebook's Safety Check malfunctions after Pakistan bombing:
http://www.cnet.com/uk/news/facebooks-safety-check-malfunctions-after-pakistan-bombing/

Microsoft builds custom Windows 10 for China:
http://www.techtimes.com/articles/144880/20160328/microsoft-reportedly-builds-custom-windows-10-government-edition-for-china.htm

Is Google late to the cloud party?
http://www.nasdaq.com/article/googles-foray-into-cloud-computing-late-for-the-party-or-just-in-time-cm598196

Will Amazon open Echo to developers?
http://fortune.com/2016/03/28/amazon-echo-app-store/

Netflix admits to throttling:
http://www.businessinsider.com/netflix-throttles-streaming-video-quality-on-verizon-att-2016-3

The Fredkin gate is a quantum leap:
http://www.csmonitor.com/Technology/2016/0326/Could-a-Fredkin-gate-be-the-next-quantum-leap-forward-for-computing

Japanese space agency loses track of $265 million satellite:
http://www.csmonitor.com/Science/2016/0328/Japanese-space-agency-loses-track-of-265-million-satellite

"Hot Jupiter" heats up fast as it approaches its star:
http://www.cnet.com/au/news/huge-hot-jupiter-heats-up-fast-as-it-passes-close-enough-to-high-five-its-star/

Frozen nitrogen lake discovered on Pluto:
http://www.cnet.com/au/news/frozen-lake-on-pluto-not-good-for-ice-skating/

What lies beneath Titan's highest mountains?
http://news.discovery.com/space/these-are-titans-highest-mountains-what-lies-beneath-160325.htm

The near-miss comet:
http://news.discovery.com/space/asteroids-meteors-meteorites/flyby-comet-was-way-bigger-than-thought-160328.htm

"Outrageously luminous" galaxies:
http://www.redorbit.com/news/space/1113413243/bright-galaxies-032316/

Evidence that our moon's axis tilted:
http://www.csmonitor.com/Science/2016/0324/Icy-spots-on-our-moon-Evidence-that-its-axis-has-tilted

Our ancestors actually saw "unicorns":
http://www.syracuse.com/us-news/index.ssf/2016/03/siberian_unicorn_real_new_fossil_discovered.html

Arctic winter sees sluggish sea-ice growth:
http://www.bbc.com/news/science-environment-35918082

Arctic sea ice at near record lows, NASA says:
http://www.livescience.com/54191-arctic-sea-ice-cover-2016.html

This fish can walk:
http://www.csmonitor.com/Science/2016/0327/This-fish-can-walk.-What-can-it-teach-us-about-terrestrial-evolution

Massive supervolcano eruptions once rocked Yellowstone:
http://www.csmonitor.com/Science/2016/0326/Massive-supervolcano-eruptions-once-rocked-Yellowstone

Washington-area hospital chain paralyzed by hacker virus:
http://www.chicagotribune.com/business/ct-medstar-hack-20160329-story.html

Good posture could get you a date:
http://www.cnn.com/2016/03/28/health/power-postures-online-dating/index.html

New blood test for concussions:
http://www.techtimes.com/articles/145181/20160329/new-blood-test-for-concussion-may-help-reduce-need-for-radiation-exposing-scans.htm

Let's explore diabetes:
http://www.theguardian.com/teacher-network/2016/mar/29/how-to-teach-diabetes

The opioid epidemic:
https://www.bostonglobe.com/magazine/2016/03/29/how-did-opioid-epidemic-get-bad/qkb8DnUzwYLjWSQsZgGpqJ/story.html

Science vs religion "showdown" in the brain:
http://news.discovery.com/human/life/how-science-religion-square-off-in-the-brain-160323.htm

US senior population forecasted to 88 million by 2050:
http://www.techtimes.com/articles/145207/20160329/us-senior-population-forecasted-to-number-88-million-by-2050.htm

Breastfeeding, new vaccines tied to reduced infant ear infections:
http://www.techtimes.com/articles/145108/20160329/breastfeeding-new-vaccines-tied-to-reduced-infant-ear-infections.htm

Meet a 10 year old hero:
http://abcnews.go.com/US/10-year-boy-grabs-steering-wheel-save-elderly/story?id=37981379


Today's Economic Calendar:
5:15 John Williams Speaks
8:55 Redbook
9:00 S&P Case-Shiller HPI
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
11:30 Janet Yellen Speaks
11:30 4-Week Bill Auction
11:30 52-Week Bill Auction
1:00 PM Rob Kaplan Speaks
1:00 PM 5-Yr Note Auction
4:00 PM Rob Kaplan Speaks


Notable earnings after today's close: ARGS, *PLAY*, DANG, EACO, EVSNF, GEVO, IZEA, LNDC, MBLX, PSUN, PPSI, PSTR, *QIHU*, *RH*, *SONC*, SWSH, TRTC, UPLD, VRNT, VNCE, WPT, YOKU

And tomorrow before the open: *ALDX*, AETI, ASUR, AZUR, BRFH, BKYI, *CCL*, CAAS, CDTI, HNR, HERO, IOC, *LULU*, PAR, TSSI, UNF, VSCP, YGE, YOD, YGYI

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