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Apple Today - 5/13/2016 OPEX (AAPL)

seymour_greenz • May 13th 2016 09:28:38 AM

Good Morning,

NASDAQ Futures are down 14 with -16 Fair Value, S&P Futures are down 6 with -8 Fair Value and Dow Futures are down 66 as we close this week out with Friday the 13th. Futures were down in early morning and dipped to a low at 3am but have since bounced from the lows as we await the open.

Asian markets ended down today. China dropped 0.31%, Hong Kong lost 0.99% and Japan fell 1.41%. European markets are mixed today. The UK is currently down 0.47%, Germany is up 0.04% and France is down 0.29%.

Commodities are mostly down this morning. Oil is down 1.11%, natural gas is down 3.34% and gold is up 0.42%. Unleaded gas is down 1.36% and heating oil is down 0.58%. Metals are up. Meat is mixed. Cocoa, coffee, cotton, corn, wheat and soybeans are all down.

Retail sales rise most in a year marking a US consumer comeback. US producer prices rise modestly in April. Mortgage rates dip to lowest in 3 years. Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing.

Nvidia Corporation (NVDA) reported Q1 earnings yesterday afternoon indicating strong demand and is up over 8.5% in pre-market. Shake Shack (SHAK) announced Q1 earnings beating estimates and a raised outlook and is up over 6.5%. On the other hand, voxeljet AG (VJET) reported Q1 earnings and is down over 7%. Nordstrom Inc. (JWN) reported a Q1 earnings miss yesterday and is down 14% in pre-market.

J.C. Penney Company Inc. (JCP) reported Q1 earnings this morning with a narrower loss but slowing sales and is down over 9%.

AAPL had an incredibly rough day, dropping 2.35% on very high volume. AAPL showed some promise in pre-market and opened at 92.77 to high volume but immediately set an intra-day high of 92.78 on high volume and then tumbled to a low of 89.47 at 11:18am on more high volume. AAPL then bounced up from the low, reaching as high as the upper-90 area on moderate volume before settling down below the mid-90 area into the close. AAPL closed down 2.17 to 90.34. AAPL dropped an additional 32 cents in after-hours to 90.02.

This morning in pre-market, AAPL opened lower in conjunction with Futures and settled in a narrow trading range near 90. AAPL is currently down 34 cents at 89.98 as we approach the open.


Classic max-pain is 91.5. Today is OPEX. Have a good weekend with your friends and family.


Retail sales rise most in a year marking a US consumer comeback:
http://www.bloomberg.com/news/articles/2016-05-13/retail-sales-rise-most-in-a-year-marking-u-s-consumer-comeback

US producer prices rise modestly in April:
http://www.reuters.com/article/us-usa-economy-ppi-idUSKCN0Y41KD

Mortgage rates dip to lowest in 3 years:
http://www.csmonitor.com/USA/USA-Update/2016/0512/Mortgage-rates-dip-to-lowest-in-three-years-good-news-for-homebuyers

Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing:
http://www.reuters.com/article/us-apple-china-idUSKCN0Y404W

IMF sees no economic upside to Brexit:
http://in.reuters.com/article/us-britain-eu-imf-idINKCN0Y40YC

Hong Kong's Q1 GDP contracts on weak exports, spending:
http://www.reuters.com/article/us-hongkong-economy-gdp-idUSKCN0Y418R

J.C. Penney sales drop adds to department store gloom:
http://www.reuters.com/article/us-jc-penney-results-idUSKCN0Y41FI

Honda posts loss as it seeks to draw a line under Takata recalls:
http://www.reuters.com/article/us-honda-results-idUSKCN0Y40UD

Bangladesh Bank heist makes 2nd bank hit by malware:
http://www.reuters.com/article/us-usa-fed-bangladesh-idUSKCN0Y40Z1

Google offers SyntaxNet:
http://www.cnet.com/news/google-offers-parsey-mcparseface-and-syntaxnet-ai-software-for-free/

Google will pay Arizona drivers $20 per hour to test self-driving cars:
http://www.theverge.com/2016/5/12/11668548/google-self-driving-arizona-hiring-operator

Is Facebook biased?
https://www.washingtonpost.com/news/morning-mix/wp/2016/05/13/complaint-says-facebook-hid-right-wing-news-now-mark-zuckerberg-plans-to-meet-conservative-leaders/

What you need to know about Social Security:
http://www.nasdaq.com/article/what-you-must-know-about-social-security-cm620017

McDonald's testing fresh hamburger meat:
http://time.com/4329100/mcdonalds-fresh-hamburger-meat-frozen/

Maybe a little robot would go down better?
http://www.theverge.com/2016/5/13/11669872/ingestible-origami-meat-robot


Today's Economic Calendar:
8:30 Producer Price Index
8:30 Retail Sales
10:00 Business Inventories
10:00 Reuters/UofM Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
6:45 PM Fed's Williams speech


Notable earnings after today's close: LIME, DBEXF

And on Monday before the open: ADHD, SPP, VSR, DHXM, UBIC

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