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Apple Today - 4/13/2016 (AAPL)

seymour_greenz • April 13th 2016 02:03:56 PM

Good Morning,

NASDAQ Futures are up 31 with +33 Fair Value, S&P Futures are up 10 with +11 Fair Value and Dow Futures are up 85 as we hit mid-week. Futures saw a touch of weakness at 3am but are up strong since then on optimistic Chinese trade data and are near the highs as we await the open.

Asian markets closed up strong today. China went up 1.42%, Japan gained 2.84% and Hong Kong led the advance, up 1.13%. European markets are rallying today. The UK is currently up 1.5%, Germany is up 2.25% and France is leading the advance, up 2.63%.

Commodities are mixed this morning. Oil is down 1.4%, natural gas is up 1.55% and gold is down 1.28%. Unleaded gas is down 1.26% and heating oil is down 0.49%. Metals are mostly down except copper. Meat is down. Cotton, corn, wheat and soybeans are up, while cocoa and coffee are down.

Stocks jump on China trade surprise, buoyant banks. US retail sales unexpectedly fall as consumers "penny pinch". US producer prices fall on weak services costs. OPEC cuts 2016 oil demand growth forecast, warns of more. US banking agencies reject "living wills" from 5 big banks.

CSX Corporation (CSX) reported Q1 earnings yesterday afternoon beating profit forecasts and is currently up nearly 0.5%.

JPMorgan Chase & Co. (JPM) announced Q1 earnings this morning with income falling 6.7% but beating estimates and is up nearly 2.5% in pre-market.

This afternoon after the bell, look out for earnings from Pier 1 Imports Inc. (PIR).

Tomorrow morning, Bank of America Corporation (BAC), BlackRock, Inc. (BLK), Burberry Group Plc ADR (BURBY), Delta Air Lines, Inc. (DAL), First Republic Bank (FRC), Taiwan Semiconductor Manufacturing Company Ltd. (TSM), Unilever Plc (UL) and Wells Fargo & Co. (WFC) are expected to report.

The shiny AAPL carousel took another spin around 110 yesterday with AAPL gaining 1.30% on light volume. AAPL opened at 109.45 to high volume and reached a momentary peak of 110 at 9:38am on moderate volume before taking a quick dip below 109 on moderate volume to set an intra-day low of 108.66 at 10:24am on low volume. Afterwards AAPL just as quickly recovered back to 110 within an hour and went further up in afternoon trading to set a new intra-day high of 110.5 at 3:11pm on mild volume. AAPL ended the day near the high, up 1.42 at 110.44. AAPL gained an additional 2 cents in after-hours to 110.46.

This morning in pre-market, AAPL opened up in conjunction with Futures and gravitated to the 111 area with a high of 111.25 at 7:04am on moderately low volume. AAPL is currently up 51 cents at 110.95 as we approach the open.

Classic max-pain is 100.


Stocks jump on China trade surprise, buoyant banks:
http://www.reuters.com/article/us-global-markets-idUSKCN0XA012

US retail sales unexpectedly fall as consumers "penny pinch":
http://www.bloomberg.com/news/articles/2016-04-13/retail-sales-unexpectedly-fall-as-u-s-spending-loses-momentum

US producer prices fall on weak services costs:
http://www.reuters.com/article/us-usa-economy-ppi-idUSKCN0XA1DY

OPEC cuts 2016 oil demand growth forecast, warns of more:
http://www.reuters.com/article/us-opec-oil-idUSKCN0XA10P

US banking agencies reject "living wills" from 5 big banks:
http://www.bloomberg.com/news/articles/2016-04-13/five-big-banks-living-wills-rejected-by-u-s-banking-agencies

JPMorgan profit hurt by weak investment banking and trading:
http://www.reuters.com/article/us-jpmorgan-results-idUSKCN0XA128

About 40,000 Verizon Wireline workers strike:
http://www.reuters.com/article/us-verizon-strike-idUSKCN0XA117

Panama leak spurs global initiative to crack shell companies:
http://www.bloomberg.com/news/articles/2016-04-13/panama-leak-spurs-global-zeal-to-crack-shell-companies-but-how

News about Obamacare lately:
http://www.nytimes.com/2016/04/14/upshot/news-about-obamacare-has-been-bad-lately-how-bad.html

In wake of emissions fallout VW management accepts bonus cuts of at least 30%:
http://www.reuters.com/article/us-volkswagen-emissions-bonuses-idUSKCN0XA1E2

FBI paid professional hackers one-time fee to crack San Bernardino iPhone:
https://www.washingtonpost.com/world/national-security/fbi-paid-professional-hackers-one-time-fee-to-crack-san-bernardino-iphone/2016/04/12/5397814a-00de-11e6-9d36-33d198ea26c5_story.html

Online scams "target Apple customers for richer pickings":
http://www.bbc.com/news/technology-36033314

New Amazon Kindle Oasis is thin with a great battery, but quite pricey:
http://www.cnet.com/au/products/amazon-kindle-oasis/

Does Zuckerberg have his own "reality distortion field"?
http://www.livemint.com/Opinion/3bX2zitPS3rAzRripimRWJ/Mark-Zuckerberg-waves-the-magic-wand-but-not-everyone-is-hy.html

Facebook addresses "freebooting" problem:
http://www.techtimes.com/articles/149807/20160413/facebook-launches-video-rights-manager-to-combat-freebooting-and-copyright-issues-heres-the-deal.htm

Is that a Facebook flying saucer?
http://www.techtimes.com/articles/149679/20160413/its-not-a-flying-saucer-its-facebook-surround-360-degree-video-camera-heres-what-it-can-do.htm

Google.org donates $20M to improve tech for the disabled:
http://www.theverge.com/2016/4/13/11420086/google-impact-challenge-winners

Get ready for beautiful new Samsung SUHD TVs:
http://www.cnet.com/news/samsung-2016-suhd-tv-pricing-and-lineup/

Tesla keeps making the Model S better and pricier:
http://www.wired.com/2016/04/tesla-keeps-making-model-s-better-better-pricier/

Inky the Octopus busts out of New Zealand Aquarium:
http://www.nytimes.com/2016/04/14/world/asia/inky-octopus-new-zealand-aquarium.html

Tesla updates base Model X with bigger battery:
http://www.cnet.com/roadshow/news/tesla-model-x-75d-bigger-battery/

A compact smart home gym could help get you fit:
http://www.cnet.com/uk/products/move-it-smart-home-gym/

Stephen Hawking and billionaire announce project to send tiny probes to nearest star system:
http://www.smithsonianmag.com/smart-news/stephen-hawking-and-billionaire-announce-project-send-tiny-probes-nearest-star-system-180958745/?no-ist

This 1917 image is the earliest proof of exoplanets:
http://www.cnet.com/au/news/this-1917-image-is-the-earliest-proof-of-exoplanets/

Laughter can separate friend from foe:
http://www.npr.org/sections/goatsandsoda/2016/04/11/473414068/ha-ha-ha-haha-the-sound-of-laughter-tells-more-than-you-think

Chip implanted in brain helps paralyzed man regain control of hand:
http://www.nytimes.com/2016/04/14/health/paralysis-limb-reanimation-brain-chip.html

HIV, hepatitis C vaccine may be possible:
http://www.upi.com/Health_News/2016/04/13/HIV-hepatitis-C-vaccine-may-be-possible-study-says/1801460556081/

Watson working on cancer with new patient-advisor tool:
http://www.pcworld.com/article/3055208/ibm-puts-watson-to-work-on-cancer-with-new-patient-advisor-tool.html

Fast food messes with your hormones:
http://time.com/4289704/fast-food-hormones/

Conjoined sisters successfully separated in rare surgery:
http://www.huffingtonpost.com/entry/conjoined-sisters-separated-texas_us_570dcf63e4b03d8b7b9ed11a


Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:30 Retail Sales
8:30 Producer Price Index
10:00 Business Inventories
10:00 Atlanta Fed's Business Inflation Expectations
10:30 EIA Petroleum Inventories
1:00 PM Results of $20B, 10-Year Note Auction
2:00 PM Fed's Beige Book


Notable earnings after today's close: CERE, CGEAF, DDC, LUB, *PIR*, SLP

And tomorrow before the open: BLX, ARTW, *BAC*, *BLK*, *BURBY*, *DAL*, EGDFF, *FRC*, FURCF, MICT, PNC, SDXOF, SJR, *TSM*, *UL*, *WFC*

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