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Apple Today - 4/22/2016 OPEX (AAPL)

seymour_greenz • April 22nd 2016 02:10:49 PM

Good Morning,

NASDAQ Futures are down 7 with -42 Fair Value (I've never seen anything like this before), S&P Futures are up 1 with -1 Fair Value and Dow Futures are up 8 as we digest a huge amount of earnings reports on this relatively economically calm OPEX Friday. Futures have been bouncing around from flat in early morning to up to down at 5am and then back up again and are still up slightly (except NASDAQ).

Asian markets closed mixed today. China went up 0.22%, Hong Kong dropped 0.72% and Japan gained 1.2%. European markets are down today. The UK is currently down 1.08%, Germany is down 0.36% and France is down 0.39%.

Commodities are mostly up this morning. Oil is up 0.56%, natural gas is down 0.97% and gold is down 0.13%. Unleaded gas is up 0.18% and heating oil is up 0.83%. Metals are mixed. Meat is mixed. Cocoa is up while coffee, cotton, corn, wheat and soybeans are down.

Oil heads for third week of gains as sentiment turns upbeat. Yen sinks on potential for Bank of Japan stimulus expansion.

Alphabet Inc. (GOOG) reported a Q1 earnings miss yesterday due to strong dollar and ad spending and is currently down nearly 5%. Microsoft Corporation (MSFT) announced Q3 earnings indicating a weak PC market and is down over 5%. Starbucks Corporation (SBUX) also reported Q2 earnings and is down over 3.5% on falling comparable store sales. Visa Inc. (V) is down 3.5% after announcing Q2 results and cutting forecast. On the other hand, Advanced Micro Devices, Inc. (AMD) announced Q1 earnings with a loss but is up over 29% on a Chinese licensing deal.

American Airlines Group (AAL) reported Q1 earnings beating estimates with lower fuel prices and is up nearly 0.5%. However, Caterpillar Inc. (CAT) announced Q1 earnings profit meeting expectations but falling sales and is down over 2%. General Electric Company (GE) reported Q1 earnings with a dip in profit but sees more industrial revenue is down over 0.5%. Honeywell International, Inc. (HON) is down under 0.5% after reporting Q1 earnings that exceeded expectations. On the other hand, McDonald's Corporation (MCD) announced Q1 earnings beating expectations amid all-day breakfast and is up 2%.

On Monday morning before the bell, look for earnings from Xerox Corporation (XRX).

AAPL sure had a gloomy cloud cast over it yesterday, dropping 1.08% on fairly strong volume. AAPL appeared to show some potential in pre-market, opened at 106.90 and immediately set the intra-day high of 106.93 on high volume before quickly tanking to mid-105 on relatively high volume. AAPL then bounced up to mid-106 on moderate volume, peaking at 10:54am on moderate volume before dipping back to the intra-day low of 105.52 on moderately light volume at 1:18pm. AAPL fought back to the 106-area later in the afternoon and closed the day down 1.16 at 105.97. AAPL dropped sharply in after-hours as Alphabet (Google) reported a miss and dipped as low as 104.92, ending after-hours even further down by 72 cents at 105.2.

This morning in pre-market, AAPL opened lower at 105 in sympathy with Alphabet and although AAPL saw some lift to the lower-105 area it has struggled to regain the mid-105 area. AAPL is currently down 70 cents at 105.27 as we approach the open.


Classic max-pain is 107. Today is OPEX. Have a good weekend with your friends and family.


Oil heads for third week of gains as sentiment turns upbeat:
http://www.reuters.com/article/us-global-oil-idUSKCN0XJ037

Yen sinks on potential for Bank of Japan stimulus expansion:
http://in.reuters.com/article/global-forex-idINL5N17P2L7

Top upcoming economic events:
http://www.reuters.com/article/diary-top-econ-idUSL3N17O43P

Alphabet earnings disappoint as Google ad clicks cost less:
http://www.nytimes.com/2016/04/22/technology/alphabet-google-earnings.html

McDonald's profit tops estimates on all-day breakfast, deals:
http://www.bloomberg.com/news/articles/2016-04-22/mcdonald-s-profit-tops-estimates-on-all-day-breakfast-discounts

American Airlines profit beats estimates as fuel costs drop:
http://www.bloomberg.com/news/articles/2016-04-22/american-airlines-profit-beats-estimates-as-fuel-prices-tumble

Caterpillar cuts forecasts as commodity rally questioned:
http://www.bloomberg.com/news/articles/2016-04-22/caterpillar-cuts-forecast-as-demand-slumps-after-commodity-rout

Uber will pay up to $100 million to settle suits with drivers seeking employee status:
http://www.latimes.com/business/technology/la-fi-tn-0422-uber-settlement-story.html

Mitsubishi Motors mileage scandal widens:
http://in.reuters.com/article/us-mitsubishimotors-regulations-idINKCN0XJ00B

Microsoft gets a cloudy forecast?
http://www.nytimes.com/2016/04/22/technology/microsoft-earnings.html

Hold off on VR?
http://www.theverge.com/2016/4/21/11431996/oculus-rift-htc-vive-buy

FBI director suggests iPhone hacking bill topped $1.3 million:
http://www.nytimes.com/2016/04/22/us/politics/fbi-director-suggests-bill-for-iphone-hacking-was-1-3-million.html?_r=0

How does Apple's updated MacBook stacks up against current PCs?
http://www.pcworld.com/article/3059320/laptop-computers/heres-how-apples-updated-macbook-stacks-up-against-current-pcs.html

Microsoft Translator for Android now offers image translation and more:
http://www.techtimes.com/articles/152408/20160422/microsoft-translator-for-android-now-offers-image-translation-and-more-heres-the-deal.htm

Windows 10 testers can now try Windows Ink plus more:
http://www.theverge.com/2016/4/22/11486224/microsoft-windows-10-ink-features-test

AMD soars most in 13 years on China chip license agreement:
http://www.bloomberg.com/news/articles/2016-04-21/amd-to-license-server-chip-technology-for-use-in-china-market

Amazon's $50 Fire tablet tries on new colors, 16GB storage option:
http://www.cnet.com/uk/news/amazons-50-fire-tablet-gets-new-color-options-and-a-step-up-16gb-storage-option/

Will VR games be big in 2016?
http://www.pcmag.com/news/343938/vr-to-hit-big-in-2016-mostly-in-games

Is Elon making a self-driving bus?
http://www.cnet.com/roadshow/news/is-elon-musk-working-on-a-self-driving-bus/

46 Environmental Victories Since the 1st Earth Day:
http://news.nationalgeographic.com/2016/04/160422-earth-day-46-facts-environment/

Born to roam big:
http://news.nationalgeographic.com/2016/04/160421-baby-dinosaur-titanosaur-fossil-independent/

Particles forged in the heart of a nearby supernova are still raining onto Earth today:
http://www.latimes.com/science/sciencenow/la-sci-sn-supernova-particles-iron-20160422-story.html

Does spaceflight cause liver damage?
http://www.space.com/32656-spaceflight-liver-damage-mice-space-shuttle.html

See a mini-pink moon:
http://time.com/4299754/mini-pink-moon-live/

Periods in space are more complicated:
http://www.nytimes.com/2016/04/22/science/periods-in-space-are-not-that-different-though-a-bit-more-complicated.html

US suicide rate surges to 30-year high:
http://www.nytimes.com/2016/04/22/health/us-suicide-rate-surges-to-a-30-year-high.html

You can participate in the largest autism study to date:
http://www.techtimes.com/articles/152616/20160422/researchers-launch-largest-autism-study-heres-how-you-can-participate.htm

What every woman needs to know about Zika:
http://time.com/4304583/what-every-woman-need-to-know-about-zika/

The key genes to healthy aging:
http://time.com/4303334/genes-aging/

Aggressive treatment of "mini-strokes" lowers risk for major stroke:
http://www.upi.com/Health_News/2016/04/21/Aggressive-treatment-of-mini-strokes-lowers-risk-for-major-stroke/2961461262104/

Selfie craze triggering surge in lip surgery in US:
http://timesofindia.indiatimes.com/life-style/beauty/Selfie-craze-prompting-surge-in-lip-surgery-in-US/articleshow/51926021.cms

This is why you don't sleep well in someone else's bed:
http://time.com/4303394/sleep-disorders/


Today's Economic Calendar:
9:45 PMI Manufacturing Index Flash
1:00 PM Baker-Hughes Rig Count


Notable earnings after today's close: CPXWF

And on Monday before the open: KKR, BMRC, CBU, FDC, PHG, SDVKF, *XRX*

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