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Apple Today - 5/09/2016 (AAPL)

seymour_greenz • May 9th 2016 09:29:18 AM

Good Morning,

Welcome back. NASDAQ Futures are up 11 with +15 Fair Value, S&P Futures are up 5 with +6 Fair Value and Dow Futures are up 37 as we begin yet another busy earnings week. Futures were up in early morning and took a quick dip at 3am but recovered to higher by 5am and have generally remained up as we await the open.

Asian markets ended mixed today. China lost 2.79%, Hong Kong gained 0.23% and Japan went up 0.68%. European markets are up today. The UK is currently up 0.29%, Germany is up 1.67% and France is up 1.15%.

Commodities are mixed this morning. Oil is up 1.30%, natural gas is down 0.05% and gold is down 1.45%. Unleaded gas is up 0.49% and heating oil is up 0.34%. Metals are down. Meat is mixed. Coffee, corn, wheat and soybeans are up while cocoa and cotton are down.

US index Futures fluctuate after stocks dropped a 2nd week. As Canada blaze grows, fears about crude supplies deepen, prices rally.

Teva Pharmaceutical Industries Limited (TEVA) reported Q1 earnings this morning beating expectations and is up nearly 4% in pre-market. Inovio Pharmaceuticals, Inc. (INO) announced Q1 earnings beating estimates and is up over 6%. On the other hand, Wayfair (W) reported mixed Q1 earnings missing expectations and is currently down over 1%.

This afternoon after the bell, look for earnings from SolarCity Corp. (SCTY), Tucows Inc (TCX), LendingClub Corporation (LC), Dun & Bradstreet Corp. (DNB), Rackspace Hosting, Inc. (RAX), MannKind Corporation (MNKD), Key Energy Services, Inc. (KEG), Novatel Wireless Inc. (MIFI), Invesco Mortgage Capital Inc. (IVR), Stamps.com Inc. (STMP), Hertz Global Holdings, Inc. (HTZ) and U.S. Auto Parts Network, Inc. (PRTS).

Tomorrow morning, Nokia Corporation (NOK), NetSol Technologies Inc. (NTWK), WhiteWave Foods (WWAV), World Wrestling Entertainment, Inc. (WWE), Medgenics (MDGN), SodaStream International (SODA), Allergan plc (AGN), ARIAD Pharmaceuticals, Inc. (ARIA), EchoStar Corporation (SATS), Tribune Media Company (TRCO), Crocs, Inc. (CROX), The J.G. Wentworth Company (JGW), Imation Corporation (IMN), Plug Power, Inc. (PLUG) and Vericel Corporation (VCEL) are expected to report.

AAPL had roller-coaster of a week, distributed another $3 billion and dropped 1.09% on heavy volume, which is not too bad considering the dividend makes up for more than half of the drop. On Monday, AAPL dipped from 94 to 93 and back again looking ahead on the tracks yet 112 seemed a distant memory. On Tuesday, AAPL surged into the upper-95 area as the dam showed strength holding for the time being. On Wednesday, the day before ex-div, the AAPL roller-coaster opened high with an eye on 96 but gravity pulled the coaster down to 94, ending the party. On Thursday, ex-div day, AAPL opened relatively high near 94 after distributing $3 billion to patient shareholders then quickly sunk down to 93 by the end of the day. On Friday, AAPL dropped 0.56% on heavy volume. AAPL opened at 93.37 to moderate volume and struggled to hold 93, setting an intra-day high of 93.45 before sliding down all morning and early afternoon on moderate volume to a low of 91.85 at 1:46pm before bouncing to head towards the mid-92 area after 2pm. Late afternoon brought improvement and AAPL reached the upper-92 area, briefly dipping back to mid-92 before jumping again towards the close to end down 52 cents at 92.72. AAPL gained 2 cents in after-hours to 92.74.

This morning in pre-market, AAPL opened up at 93 in conjunction with cheerful Futures and remained in a narrow range around 93 for the rest of the morning with minor periodic spikes and dips. AAPL is currently up 27 cents at 92.99 as we approach the open.


Classic max-pain is 94.


US index Futures fluctuate after stocks dropped a 2nd week:
http://www.bloomberg.com/news/articles/2016-05-09/s-p-500-futures-signal-stocks-to-rise-for-2nd-day-on-oil-gains

As Canada blaze grows, fears about crude supplies deepen, prices rally:
http://www.reuters.com/article/us-canada-wildfire-oilindustry-idUSKCN0Y009T

Greek debt talks discord ramps up:
http://www.nytimes.com/2016/05/10/business/international/greece-debt-eurogroup.html?_r=0

Fed Evans says "wait and see" on more rate hikes:
http://www.reuters.com/article/us-usa-fed-evans-idUSKCN0Y00ZP

Making iPad Pro even better:
http://www.macworld.com/article/3066945/ipad/8-changes-that-could-make-the-ipad-pro-even-better.html

Could Apple unveil iOS 10 with standalone HomeKit App at WWDC 2016?
http://www.techtimes.com/articles/156962/20160509/wwdc-2016-apple-could-unveil-ios-10-with-standalone-homekit-app.htm

Facebook won't have to share its name with food and drink in China:
http://www.cnet.com/au/news/facebook-wont-have-to-share-name-with-food-and-drink-in-china/

Twitter bars spy agencies from analytics service:
http://www.zdnet.com/article/twitter-bars-spy-agencies-from-analytic-service-that-spots-terror-attacks/

Fiat Chrysler wants a long-term relationship with Google over self-driving cars:
http://www.techtimes.com/articles/156951/20160509/fiat-chrysler-wants-a-long-term-relationship-with-google-over-self-driving-cars.htm

Got a spare $63 million?
http://www.bloomberg.com/news/articles/2016-05-09/world-s-most-expensive-rough-diamond-sells-for-63-million


Today's Economic Calendar:
5:10 Fed's Evans speech
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX
1:00 PM Fed's Kashkari speech


Notable earnings after today's close: MODN, AGTC, ASEI, BKD, ENTA, EZPW, MXL, PCYG, PINC, PRCP, CMFN, RBC, AMRK, LDR, PAHC, *SCTY*, *TCX*, ACAZF, IFF, RKNEF, TTGT, *LC*, *DNB*, FFG, TMXGF, EMRAF, *RAX*, SSNI, *MNKD*, GLOB, *KEG*, LOPE, LSCC, INWK, IPPLF, IRWD, *MIFI*, STXS, CBPX, ELGX, GEN, NLS, PSIX, SREV, TMH, VVC, *IVR*, CVG, SF, AAOI, FRGI, OAS, HK, IILG, PRAA, RARE, *STMP*, *HTZ*, ANAC, APEI, ARNA, DPLO, FGEN, HALO, JPEP, JUNO, KITE, MBI, NVGS, NVRO, OPK, OPWR, RNET, SNHY, TUBE, FSIC, DMD, DTSI, GARS, NOG, RVNC, GSBD, CDXS, FATE, HIIQ, FSM, DCO, INGN, MCF, AFH, AMID, PLOW, CPTA, FENG, *PRTS*, REN, CTSO, BIOL, TBPH, UMH, PFNX, ANTH, DRNA, GNK, GPRK, GSVC, MHGC, SAMG, AMPH, ARTX, CUI, FPI, NMRX, TPVG, TTEC, EGAS, LXFR, OPRX, REI, LEU, AEZS, AGRX, AKRX, APPF, ARDX, BSM, CNXR, EMG, GRBK, HCHC, IDRA, INVN, LBTYA, LBTYK, MEOBF, NVCR, NVTA, PAH, PEN, PGNPQ, SEDG, TBRA, TESS, TIER, TISI

And tomorrow before the open: ACM, AEY, CGEN, FSC, TDG, VTTI, BERY, MRKT, HDNG, *NOK*, *NTWK*, TEO, *WWAV*, *WWE*, AMRI, *MDGN*, RDCM, SPNS, MZOR, *SODA*, VPG, *AGN*, IPXL, ALQA, *ARIA*, NCLH, SOHO, TREX, BRG, CNK, HPT, MRD, *SATS*, CORE, EMES, INGXF, CNP, NRF, NSAM, TSQ, TCPC, *TRCO*, *CROX*, OSGB, STKL, TESO, XIN, UAM, FOMX, TAST, EGLT, *JGW*, NCT, WLB, *IMN*, SEMI, AGM, BDSI, FMSA, ITPOF, NEON, OCUL, *PLUG*, SCLN, DWSN, LCUT, *VCEL*, CCXI, ARLZ, CXDC, HCAP, PERI, TTNP, VRTV, WSPOF, EVOTF, OTIV, DQ, TGLS, CCNI, SXE, AGFS, ARES, BCPC, BPMC, BSTC, CAS, CECE, CS, DF, EJTTF, EVEP, GCP, GUYFF, HXGBF, ING, KNDI, LL, LNCE, LQSIF, NOKBF, OMER, RDNT, RMR, SGM, SMMT, TKPHF, TLN, TYEKF, WNGRF, AMS, CFRX

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