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Apple Today - 5/05/2016 Ex-Div (AAPL)

seymour_greenz • May 5th 2016 09:28:05 AM

Good Morning,

NASDAQ Futures are up 15 with +17 Fair Value, S&P Futures are up 7 with +8 Fair Value and Dow Futures are up 47 as the earnings keep on rolling in and more economic data arrives. Futures were green in early morning and popped further up at 4am only to settle back down to earlier levels and are still solid green as we await the open.

Asian markets ended mixed today. China gained 0.22%, Hong Kong dropped 0.37% and Japan was closed. European markets are little changed today. The UK is currently up 0.04%, Germany is up 0.07% and France is down 0.06%.

Commodities are mixed this morning. Oil is up 4.27%, natural gas is up 1.12% and gold is up 0.84%. Unleaded gas is up 2.02% and heating oil is up 2.86%. Metals are mostly up except copper. Meat is mixed. coffee, cotton, corn, wheat and soybeans are up while cocoa is down.

S&P 500 Futures signal rebound from 3-week low, Tesla climbs. US jobless claims rise, planned layoffs surge.

Yesterday afternoon, Tesla Motors (TSLA) announced Q1 earnings with a loss but strong outlook and is up nearly 4%. Whole Foods Market, Inc. (WFM) reported Q2 earnings topping earnings but missing on revenue and is up over 1%. HubSpot, Inc. (HUBS) reported mixed results with a Q1 loss and is down nearly 1.5% in pre-market. Weight Watchers International, Inc. (WTW) announced Q1 earnings with subscriber addition help from Oprah and is up over 13%. On the other hand, Fitbit, Inc. (FIT) reported Q1 earnings beating estimates but lower than expected outlook and is down over 11.5%.

Kellogg Company (K) announced Q1 earnings this morning with a 4.5% sales drop and is down nearly 2.5%. 3D Systems Corp. (DDD) reported Q1 earnings with a loss this morning and is up over 1.5%. Mobileye (MBLY) announced Q1 earnings and is down 2% in pre-market. Alibaba Group Holding Limited (BABA) reported Q4 earnings on a 39% revenue increase from online shoppers and is up 5%. Merck & Co Inc. (MRK) is up slightly after reporting a Q1 earnings beat by 4 cents and raising forecasts balanced by lower sales.

This afternoon after the bell, look for earnings from DeVry Education Group Inc. (DV), Mettler Toledo International Inc. (MTD), News Corporation (NWSA), Sierra Wireless, Inc. (SWIR), j2 Global, Inc. (JCOM), Activision Blizzard, Inc (ATVI), CyberArk Software Ltd. (CYBR), FireEye, Inc. (FEYE), Web.com Group, Inc (WEB), SunPower Corporation (SPWR), Motorola Solutions, Inc. (MSI), Intercept Pharmaceuticals (ICPT), Caesars Entertainment (CZR), Dreamworks Animation SKG Inc (DWA), CafePress (PRSS), Bankrate Inc. (RATE), Herbalife Ltd. (HLF), Medivation, Inc. (MDVN), Universal Display Corporation (OLED), RE/MAX Holdings, Inc. (RMAX), ACADIA Pharmaceuticals Inc. (ACAD), Progressive Corporation (PGR), Jones Soda Co. (JSDA), Cumulus Media Inc. (CMLS), El Pollo Loco Holdings (LOCO) and Eastman Kodak Co. (KODK).

Tomorrow morning, Revlon, Inc. (REV) is expected to report.

AAPL was on a roller coaster ride yesterday, starting up high but ending down 1.04% on heavy volume. AAPL opened at 95.2 to high volume and immediately put in a high of 95.9 at 9:34am on very high volume before sliding back down the coaster to the low-94 area for the rest of the morning. AAPL dipped further in early afternoon to a low of 93.82 at 1:10pm before recovering back to the low-94 area again. AAPL closed the intra-day session down 99 cents at 94.19 and gained 18 cents in after-hours to end at 94.37.

This morning in pre-market, despite being ex-dividend day AAPL curiously opened exactly where it left off in after-hours, perhaps a coincidental rise in sympathy with Futures. Through the morning AAPL dragged down towards 94 and is currently down 7 cents at 94.12 as we approach the open, though AAPL is still up accounting for the dividend.


Classic max-pain is 95. Today is ex-div.


S&P 500 Futures signal rebound from 3-week low, Tesla climbs:
http://www.bloomberg.com/news/articles/2016-05-05/s-p-500-futures-signal-stock-rebound-from-3-week-low-tesla-up

US jobless claims rise, planned layoffs surge:
http://www.reuters.com/article/us-usa-economy-idUSKCN0XW16V

Alibaba sales surge:
http://www.bloomberg.com/news/articles/2016-05-05/alibaba-revenue-beats-estimates-on-better-advertising-sales

Tesla's Elon Musk sets a high bar:
http://time.com/4319216/tesla-earnings-elon-musk/

Discovery Q1 profit rises 5% on US cable performance:
http://variety.com/2016/tv/news/discovery-first-quarter-earnings-1201767217/

Does Siri have a new enemy?
http://www.theverge.com/2016/5/4/11593564/viv-labs-unveiling-monday-new-ai-from-siri-creators

Panama Papers fallout:
http://www.npr.org/sections/parallels/2016/05/04/476745041/panama-rises-despite-dents-to-its-reputation-from-papers-leaks

Hacker trades 272 million passwords for social media likes:
http://www.cnet.com/au/news/hacker-trades-272-million-passwords-for-social-media-likes/


Today's Economic Calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:50 Fed's Bullard speech
4:30 Money Supply
4:30 Fed Balance Sheet


Notable earnings after today's close: ACET, ASYS, CLCT, CRDC, CTRL, DATA, DCT, *DV*, ECOM, EGAN, ESL, IMI, KMPR, LPTH, *MTD*, MTX, *NWSA*, PCTY, PFLT, PKI, POST, SPAN, *SWIR*, UBNT, UEPS, WAIR, PKY, PSDV, MSON, RNWK, CINR, *JCOM*, NAVG, AMBR, *ATVI*, BSQR, *CYBR*, EGN, ELON, *FEYE*, GUID, SSNC, TRUP, *WEB*, ZAYO, CERN, DIOD, EFC, SAAS, SRHBF, CPA, MX, *SPWR*, AHS, CCS, CDR, FLR, INAP, MCHX, MDRX, MRIN, TRUE, UEIC, WAGE, EVHC, DEPO, MDR, *MSI*, *ICPT*, ABCO, *CZR*, *DWA*, FCE.A, PGRE, *PRSS*, XENT, Y, SAGE, GXP, *RATE*, SUMR, AHT, AIRM, AL, ALEX, AMH, AT, BANX, BIO, CLVS, CWSRF, DK, DKL, EBS, ENV, EOG, EVC, GERN, GSAT, *HLF*, HPP, HTGC, IMMR, MAIN, *MDVN*, MELI, MHK, MITT, MOCO, MORE, MTZ, *OLED*, OUT, OVAS, PBA, PEGA, *RMAX*, RPTP, RRMS, SEM, SEMG, SGMS, SPXC, TPRE, TSRO, TWOU, WIFI, XNPT, PTLA, SMLP, *ACAD*, ENDP, ARESF, BCEI, CRC, DRRX, NSTG, PACD, PTCT, BBG, EVDY, *PGR*, BIOS, AP, IDSY, JOBS, KIN, EGL, BLDR, CGNT, CLNE, CYSVF, DVCR, FDUS, IRIX, *JSDA*, LADR, OEC, SCM, TREC, UNXL, CTT, ICFI, PCTI, MRVC, RYI, SPPI, AIQ, ARCX, ATHX, CARA, *CMLS*, CXUSF, ERI, FPRX, FTD, GST, *LOCO*, MMI, MNTX, NVEE, OMED, PRSC, SAUC, SYN, TCRD, VCYT, WLDN, CVGI, *KODK*, SMTX, AOCIF, TRQ, ICTV, ATOS, ABDC, ANET, APLE, ATW, BATS, BOJA, CAA, CLBS, GCEI, GPRO, GSIT, NBIX, PMT, REFR, SGRY, SIEN, SQ, TEAM, USDP, WING, ABTL, BAP, EMKR, FISV, GBDC, GDEN, GEOS, IMPV, LND, NGVC, NVEC, PFSI, QLGC, RWT, SNCR, TRMR, VRNG, WYNN

And tomorrow before the open: BPY, WY, MOSY, AXL, BPL, EMCI, IGIFF, XRAY, NHI, BELFB, ROCK, CAPL, CST, ERF, TDS, USM, PDCE, SWC, DRH, IHG, CCLP, GLOG, GOGO, KOP, ABR, HMSY, MEG, PMC, *REV*, SSP, CRIS, WMC, GSIG, PETX, DIIBF, SRLP, CNTY, NTN, OFS, CDNA, CCP, CTSH, EXC, GNL, HMTV, JOUT, LIND, LTBR, LTS, MSG, PTXP, WLTW

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