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Apple Today - 5/12/2016 (AAPL)

seymour_greenz • May 12th 2016 09:26:36 AM

Good Morning,

NASDAQ Futures are up 25 with +21 Fair Value, S&P Futures are up 13 with +11 Fair Value and Dow Futures are up 86 on this Thursday busy with economic data and a dose of earnings. Futures started off up in early morning and took a dip at 3:30am before surging up throughout the morning and are at the highs as we await the open.

Asian markets ended mixed today. China dropped 0.04%, Hong Kong lost 0.7% and Japan gained 0.41%. European markets are up today. The UK is currently up 0.46%, Germany is up 0.49% and France is up 1.01%.

Commodities are mostly up this morning. Oil is up 1.08%, natural gas is down 0.05% and gold is down 0.56%. Unleaded gas is down 0.13% and heating oil is down 0.04%. Metals are mostly down except copper. Meat is mixed. Cocoa, cotton, corn, wheat and soybeans are up while coffee is down.

US jobless claims unexpectedly rise to 1-year high. US crude hits six-month high after IEA sees tighter supply. Higher oil lifts European stocks, bond yields rise.

Weibo Corporation (WB) reported Q1 earnings yesterday afternoon with an earnings beat and raised guidance and is up nearly 7.5% in pre-market. Jack In The Box Inc. (JACK) announced Q2 earnings beating expectations and is up nearly 11%.

Kohl's Corporation (KSS) reported Q1 earnings missing expectations and is down nearly 6.5%. On the other hand, Polo Ralph Lauren Corporation (RL) announced Q4 earnings beating expectations and is up nearly 4% in pre-market.

This afternoon after the bell, look for earnings from Symantec Corporation (SYMC), Nvidia Corporation (NVDA), Nordstrom Inc. (JWN), Shake Shack (SHAK), Cosi, Inc. (COSI) and voxeljet AG (VJET).

Tomorrow morning, J.C. Penney Company Inc. (JCP) is expected to report.

AAPL declined 0.97% yesterday on moderately low volume as the "game" continued on. AAPL opened up at 93.47 on moderate volume before dipping below 93 on moderate volume and then bouncing back up at 10:30am. AAPL peaked at 93.57 at 10:36am on moderate volume and then retreated back to the lower-93 area for lunchtime. After lunch, AAPL continued on a steady decline throughout the afternoon to reach a low of 92.46 and closed the day down 91 cents at 92.51. AAPL dropped another 14 cents in after-hours to end at 92.37.

This morning in pre-market, AAPL picked up with yesterday's intra-day close and moved up higher in conjunction with Futures. AAPL reached as high as 92.99 at 7:05am and then began a decline into the open. AAPL is currently down 17 cents at 92.34 as we approach the open.


Classic max-pain is 93.


US jobless claims unexpectedly rise to 1-year high:
http://www.bloomberg.com/news/articles/2016-05-12/u-s-jobless-claims-unexpectedly-rise-to-more-than-one-year-high

Fed to delay rate hike until September on tame inflation outlook:
http://www.reuters.com/article/us-economy-poll-usa-idUSKCN0Y31H9

US crude hits six-month high after IEA sees tighter supply:
http://www.reuters.com/article/us-global-oil-idUSKCN0Y3056

Higher oil lifts European stocks, bond yields rise:
http://www.reuters.com/article/us-global-markets-idUSKCN0Y301Y

Carney warns Brexit risks causing recession:
http://www.bloomberg.com/news/articles/2016-05-12/bank-of-england-strengthens-brexit-warning-as-growth-outlook-cut

Macy's dimmer outlook sends retail, apparel stocks tumbling:
http://www.bloomberg.com/news/articles/2016-05-11/macy-s-dimmer-outlook-sends-retail-apparel-stocks-tumbling

The US middle class is shrinking:
https://www.washingtonpost.com/news/wonk/wp/2016/05/11/the-middle-class-is-shrinking-just-about-everywhere-in-america/

Nissan to buy $2.2 billion stake in scandal-hit Mitsubishi:
http://www.bloomberg.com/news/articles/2016-05-12/nissan-buying-34-stake-hands-lifeline-to-scandal-hit-mitsubishi

Denied breaks, US poultry workers wear diapers on the job:
http://www.bloomberg.com/news/articles/2016-05-11/poultry-workers-in-diapers-as-bathroom-breaks-denied-oxfam-says

What to expect at Google I/O 2016:
http://www.androidheadlines.com/2016/05/google-io-2016-what-to-expect-with-android-n.html

Google reportedly unveiling standalone Android VR headset:
http://www.techtimes.com/articles/157762/20160512/google-reportedly-unveiling-standalone-android-vr-headset-at-i-o-conference-here-are-the-details.htm

Nvidia's "Founders Edition" graphics cards demystified:
http://www.theverge.com/circuitbreaker/2016/5/12/11662346/nvidia-founders-edition-geforce-gtx-explained

LG's action camera streams to YouTube over LTE:
http://www.theverge.com/circuitbreaker/2016/5/12/11662118/lg-lte-action-camera-specs-features

Opera rolls out power-saving mode, claims battery life can be extended 50%:
http://www.pcworld.com/article/3069452/browsers/opera-rolls-out-power-saving-mode-claims-battery-life-can-be-extended-50.html

Nikola Motor wants to be the Tesla of trucks:
http://www.techtimes.com/articles/157833/20160512/nikola-motor-wants-to-be-tesla-of-trucks-nikola-one-promises-800-to-1-200-miles-in-a-single-charge.htm

Ancient space dust contains hints of oxygen in Earth's early atmosphere:
http://www.techtimes.com/articles/157763/20160512/ancient-space-dust-contain-hints-of-oxygen-in-earths-early-atmosphere.htm

Early Earth's atmosphere was thin:
http://www.csmonitor.com/Science/2016/0510/Early-Earth-s-atmosphere-was-quite-thin.-Why-does-it-matter

The mythical "Maya city" discovery:
http://www.cnn.com/2016/05/11/americas/mayan-city-debunk/

Concerns about folate causing autism are premature:
http://www.theatlantic.com/science/archive/2016/05/on-folate-and-autism/482307/

What every teen girl should be eating:
http://time.com/4326798/breast-cancer-diet-teen-girls-fruit/


Today's Economic Calendar:
8:30 Initial Jobless Claims
8:30 Import/Export Prices
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 Fed's Mester: Monetary policy
1:00 PM Results of $15B, 30-Year Note Auction
2:15 PM Fed's George speech
4:30 PM Money Supply
4:30 PM Fed Balance Sheet


Notable earnings after today's close: *SYMC*, ALIAF, APDN, ZURVY, BLIN, DYSL, IPWR, LXFT, SANW, SOFO, KOOL, *NVDA*, BOWFF, *JWN*, TGB, BLFS, EXETF, NTK, DAR, CZZ, CLIR, NBY, *SHAK*, BITA, ICPW, OGXI, SAEX, AQUNF, CESDF, CLRB, FLXN, IMOS, SYRX, AGRO, AMDA, CAPR, ELP, EMAN, KINS, CPL, IMMY, NFYEF, *COSI*, HTGM, ANY, APHB, AUXO, HPTO, IMUC, IPDN, MARA, MBII, *VJET*, ULTR, AHOTF, ARGS, AXDX, CATB, CFMS, DDS, DYAI, EVH, FSI, GAPFF, GEVO, ITMSF, KGILF, KMPH, MTL, NWHUF, OPXA, PAM, PBR, PIH, PN, RGSE, RUN, SMI, SPIN, SSKN, TRAGF, TRTC, UPLD, WPRT, ZSAN

And tomorrow before the open: IIJI, MANU, BAM, IEC, GROW, CHRVF, *JCP*, ONEXF, CSUWF, CRME, SDPI, SPOXF, UTSI, VNRX, BXE, TGD, IDN, GLRI, VRAY, ADGE, VBLT, EORBF, ABY, BDMS, CDTI, CGA, CXRX, DXPE, ESALF, EVK, HTHIY, IOC, NRE, PPSI, VNRCF, VSR, VTG

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