Now taking Goalio membership applications!

Mortgage blues? Try the supreme All Mortgage Calculator!

Apple Today - 3/30/2016 (AAPL)

seymour_greenz • March 30th 2016 09:29:07 AM

Good Morning,

NASDAQ Futures are up 31 with +32 Fair Value, S&P Futures are up 11 with +12 Fair Value and Dow Futures are up 96. Futures took off early this morning and reached a peak near 6:30am but are not far off the highs as we await the open.

Asian markets closed mixed today. China gained 2.77%, Hong Kong ended up 2.15% and Japan dropped 1.31%. European markets are rallying today. The UK is currently up 1.69%, Germany is up 1.72% and France is leading the advance, up 1.88%.

Commodities are mostly up this morning. Oil is up 1.54%, natural gas is up 1.41% and gold is up 0.07%. Unleaded gas is down 0.05% and heating oil is up 1.69%. Metals are mostly up except copper. Meat is mixed. Cocoa, coffee and cotton are up while corn, wheat and soybeans are down.

Yellen spurs global market rally as oil rebounds and dollar tumbles. US private sector adds 200,000 jobs in March.

Sonic Corp (SONC) announced a Q2 earnings beat yesterday afternoon along with a raise in outlook and is currently up over 5%. On the other hand, Restoration Hardware Holdings Inc (RH) announced Q4 earnings in line and guides lower and is down over 2%. Dave & Buster's Entertainment Inc (PLAY) also reported Q4 earnings yesterday afternoon, topping expectations and is currently flat in pre-market.

Lululemon Athletica Inc (LULU) reported Q4 earnings this morning beating expectations on strong holiday sales and is up nearly 6%. Carnival Corp (CCL) also announced Q1 earnings this morning and is up over 1%.

This afternoon after the bell, look for earnings from Micron Technology Inc. (MU).

Tomorrow morning, Movado Group, Inc. (MOV) is expected to report.

It was big green AAPL yesterday up 2.37% on mild volume after the Fed apparently tipped the market scales in favor of in the bulls yesterday. AAPL opened at 105 to moderate volume, quickly put in the day's low of 104.88 and began an epic big green apple that lasted all day. AAPL peaked at 107.79 in late afternoon and closed the day up 1.17 at 107.68, right near the high of the day. AAPL gained an additional 7 cents in after-hours to 107.75.

This morning in pre-market, AAPL opened up higher above 108 in conjunction with cheerful Futures and later headed to 109 as Futures improved and with "upgrades" from Cowen and Longbow, setting a pre-market peak of 109.43. AAPL is currently up 1.31 at 108.99 as we approach the open.


Classic max-pain is 105.


Yellen spurs global market rally as oil rebounds and dollar tumbles:
http://www.bloomberg.com/news/articles/2016-03-29/dollar-weaker-on-cautious-yellen-as-asian-index-futures-diverge

US private sector adds 200,000 jobs in March:
http://www.reuters.com/article/us-usa-economy-adp-idUSKCN0WW1DC

Home prices rise a steady 5.4% in January:
http://www.forbes.com/sites/erincarlyle/2016/03/29/home-prices-rise-a-steady-5-4-in-january-spcase-shiller-says/#6eb6808460e9

Foxconn bets $3.5 billion on Sharp screens (for Apple):
http://www.nytimes.com/2016/03/31/business/dealbook/foxconn-sharp.html

Boeing to trim 4,000 jobs:
http://www.bloomberg.com/news/articles/2016-03-30/boeing-to-trim-4-000-jobs-amid-makeover-of-commercial-jet-unit

Are you ready for retirement?
http://www.usatoday.com/story/money/columnist/powell/2016/03/30/4-ways-tell-if-youre-financially-ready-retirement/78662234/

10-second tax return?
http://www.theatlantic.com/business/archive/2016/03/the-10-second-tax-return/475899/

Nest chief Tony Fadell attacked by Dropcam's founder:
http://www.bbc.com/news/technology-35925139

Tay 2.0?
http://www.bloomberg.com/features/2016-microsoft-future-ai-chatbots/

Helpful hackers:
http://www.nytimes.com/roomfordebate/2016/03/30/should-hackers-help-the-fbi/its-how-hackers-help-that-matters

First Oculus Rift reviews:
http://dfw.cbslocal.com/2016/03/29/oculus-rift-begins-shipping-but-reviews-suggest-waiting/

Amazon threatens USB-C cable sellers over quality:
http://www.cnet.com/news/amazon-threatens-to-banish-anyone-selling-dodgy-usb-c-cables/

Google revives landline phones:
http://www.cnet.com/news/google-fiber-phone-broadband-service-bundle-home-phone-landline/

Razer Ripsaw is a game streaming box:
http://www.pcmag.com/news/343298/razer-ripsaw-brings-game-streaming-to-the-living-room

Big mystery object strikes Jupiter:
http://www.techtimes.com/articles/145490/20160330/big-mystery-object-slams-into-jupiter-what-could-it-be.htm

Our path to Mars?
http://www.npr.org/sections/13.7/2016/03/29/472238871/stuck-on-earth-the-u-s-innovation-deficit

Saturn moon's icy plumes:
http://www.space.com/32412-saturn-moon-enceladus-geysers-mystery-mechanism.html

Restoring the world's fisheries:
http://www.csmonitor.com/Science/2016/0329/Scientists-highlight-path-to-restoring-world-s-fisheries

Creepy fossil shows dawn of spiders:
http://news.nationalgeographic.com/2016/03/160329-creepy-new-fossil-origins-spiders/

The "not face":
http://qz.com/650057/scientists-have-identified-a-facial-expression-made-around-the-world-the-not-face/

What do you really know about Zika?
http://www.cbsnews.com/news/many-americans-are-dangerously-wrong-about-zika-virus/

Obama addresses the prescription opioid and heroin epidemic:
https://www.whitehouse.gov/the-press-office/2016/03/29/fact-sheet-obama-administration-announces-additional-actions-address

This gramma has got it:
http://nypost.com/2016/03/29/this-78-year-old-grandma-can-lift-more-than-you/


Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
10:30 EIA Petroleum Inventories
1:00 PM Results of $28B, 7-Year Note Auction
3:00 Farm Prices


Notable earnings after today's close: HERO, PVCT, ANY, APHB, ATEA, ATOS, AUXO, BRFH, CVV, DGSE, EORBF, HPTO, IMUC, IPDN, LIME, MARA, MARK, MBII, *MU*, NAUH, PFSCF, PRGS, PRKR, RIBT, RXII, SBSA, SKYS, SNWV, SPP, USEL, USELD, VUZI

And tomorrow before the open: ACTS, CGR, DGRLY, ETAK, GZT, IVFH, LNN, *MOV*, NDRM, SORL, THERF

Go Back