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Apple Today - 5/16/2016 (AAPL)

seymour_greenz • May 16th 2016 09:29:09 AM

Good Morning,

Welcome back. NASDAQ Futures are up 12 with +15 Fair Value, S&P Futures are up 3 with +4 Fair Value and Dow Futures are up 15 as we begin a new week mid-May. Futures started out red yesterday evening but soon turned green and have been performing well this morning and are near the highs as we await the open.

Asian markets were up today. China gained 0.84%, Hong Kong went up 0.84% and Japan added 0.33%. European markets are down today. The UK is currently down 0.31%, Germany is closed and France is down 0.63%.

Commodities are mixed this morning. Oil is up 2.23%, natural gas is down 1.38% and gold is up 0.85%. Unleaded gas is up 1.44% and heating oil is up 2.07%. Metals are up. Meat is down. Cocoa, cotton and wheat are up and coffee, corn and soybeans are down.

Oil prices rise on Nigeria outages, Goldman forecast. Dollar holds near 6-week high spurred by optimism over economy. Buffett's Berkshire Hathaway took Apple stake worth about $1 billion in 1st quarter

This afternoon after the bell, look for earnings from Agilent Technologies Inc. (A).

Tomorrow, Red Robin Gourmet Burgers, Inc. (RRGB), Home Depot, Inc. (HD), TJX Companies Inc. (TJX), The Children's Place Retail Stores, Inc. (PLCE) and Vodafone Group plc (VOD) are expected to report.

AAPL had quite a rough week, dropping 2.66% on high volume. On Monday, AAPL struggled to let some light in, approaching 94 and settled back to 93 later in the afternoon. On Tuesday, AAPL dipped to 92 in the morning and ticked up well above 93 in the afternoon. On Wednesday, AAPL struggled to hold 93 as the "game" continued on, pushing AAPL below 93. Thursday brought a steep fall from the upper-92 area but also a potentially bright idea short-term buying opportunity after the dust settled at 89. On Friday, AAPL gained 0.20% on heavy volume. AAPL opened at the low of 90 to high volume and quickly regained 91 and set an intra-day high of 91.67 at 11:30am on relatively high volume. Afterwards, AAPL drifted lower on moderate volume, returning to the mid-to-low-90 area by mid-afternoon and then showing some life into the close to end the day up 18 cents at 90.52. AAPL gave back 14 cents in after-hours to 90.38.

This morning in pre-market, AAPL opened up higher in conjunction with Futures and really popped up huge at 7:30am when Buffet disclosed a $1 billion Q1 stake, quickly ripping AAPL up on a shooting star style trajectory to 93 before taking a breather. AAPL is currently up 1.55 at 92.07 as we approach the open.


Classic max-pain is 97.5.


Oil prices rise on Nigeria outages, Goldman forecast:
http://www.reuters.com/article/us-global-oil-idUSKCN0Y703M

Dollar holds near 6-week high spurred by optimism over economy:
http://www.bloomberg.com/news/articles/2016-05-16/aussie-hits-10-week-low-as-china-reports-show-growth-slowdown

Fed raising rates?
https://www.washingtonpost.com/news/wonk/wp/2016/05/16/top-fed-official-the-case-for-raising-rates-looks-pretty-strong/

Buffett's Berkshire Hathaway took Apple stake worth about $1 billion in 1st quarter:
http://www.bloomberg.com/news/articles/2016-05-16/buffett-s-berkshire-discloses-9-81-million-share-stake-in-apple

Uber China rival Didi Chuxing to consider US IPO as soon as 2017:
http://www.bloomberg.com/news/articles/2016-05-16/uber-china-rival-didi-said-to-consider-u-s-ipo-as-soon-as-2017

Gannett boosts all-cash offer for Tribune Publishing by 22%:
http://www.bloomberg.com/news/articles/2016-05-16/gannett-raises-offer-for-tribune-publishing-22-to-15-a-share

Cook visits Beijing, shares ride to Apple store using Didi Chuxing:
http://www.macrumors.com/2016/05/16/tim-cook-visits-beijing-china-didi-chuxing/

Google to face record $3 billion fine in antitrust case:
http://arstechnica.com/tech-policy/2016/05/google-said-to-face-record-3-billion-dollar-ec-fine/

Social media finds new role as news and entertainment curator:
http://www.nytimes.com/2016/05/16/technology/social-media-finds-new-roles-as-news-and-entertainment-curators.html

Acer joins work on high-end VR headset:
http://www.theverge.com/2016/5/15/11677870/starvr-starbreeze-acer-join-forces

Major automakers test self-driving cars with NXP BlueBox computer:
http://www.cnet.com/roadshow/news/major-automakers-test-self-driving-cars-with-nxp-bluebox-computer/

Volkswagen to be sued by Norway fund over emissions scandal:
http://www.bbc.com/news/business-36298591

Your next smartwatch could put a screen on your hand:
http://www.forbes.com/sites/paullamkin/2016/05/15/samsungs-next-smartwatch-could-put-the-display-on-your-hand/#2c87a4eb4549

Get ready for synthetic humans:
http://www.nytimes.com/2016/05/14/science/synthetic-human-genome.html

Dung beetles navigate "poop-piles" using the stars:
http://www.npr.org/sections/thetwo-way/2016/05/13/477963290/dung-beetles-navigate-poop-pile-getaways-using-celestial-snapshots


Today's Economic Calendar:
8:30 Empire State Mfg Survey
10:00 NAHB Housing Market Index
4:00 PM Treasury International Capital


Notable earnings after today's close: SITO, RLGT, *A*, DYNT, RSSS, NHLD, AEGR, DAVE, ARP, ATLS, ASM, LOV, FTPLF, AYA, GVP, FSAM, BCYP, PYDS, ECIG, KGJI, BRFH, CVV, DGSE, PRKR, RIBT, SBSA, IVFH, CRTN, DPDW, SEV, AKRX, PAM, ACFN, ADK, AST, AVH, FNJN, HEB, IMSC, ITKG, MAMS, MIME, MXPT, PTN, SCRI, UAMY, VOXX, VRML

And tomorrow before the open: *RRGB*, CYRN, *HD*, *TJX*, DCIX, MOMO, TISA, BLRX, *PLCE*, ALOT, ESLT, ETAK, HNR, HOTR, LSGOF, LTTC, NAVB, PESI, ULUR, *VOD*

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