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Apple Today - 5/17/2016 (AAPL)

seymour_greenz • May 17th 2016 09:29:30 AM

Good Morning,

NASDAQ Futures are down 1 with -3 Fair Value, S&P Futures are down 2 with -3 Fair Value and Dow Futures are down 17 on this busy economic data Tuesday as earning season begins to taper off. Futures were flat early in the morning and shot up at 2am, peaked at 3:30am and have declined since, turning red later in the morning and are at the lows as we await the open.

Asian markets were mostly up today. China dropped 0.25%, Hong Kong gained 1.18% and Japan went up 1.13%. European markets are mixed today. The UK is currently up 0.38%, Germany is down 0.23% and France is up 0.05%.

Commodities are mostly up this morning. Oil is up 0.38%, natural gas is up 1.63% and gold is up 0.07%. Unleaded gas is up 0.02% and heating oil is up 0.55%. Metals are mixed. Meat is up. Coffee, cotton, wheat and soybeans are up and cocoa, corn and are down.

US consumer prices post largest gain in three years.

Agilent Technologies Inc. (A) reported Q2 earnings yesterday afternoon that beat expectations and is up nearly 4.5% in pre-market.

Home Depot, Inc. (HD) announced Q1 earnings topping estimates and guidance and is down nearly 0.5%. On the other hand, TJX Companies Inc. (TJX) reported Q1 results and is up nearly 1%. The Children's Place Retail Stores, Inc. (PLCE) announced Q1 earnings beating expectations and is up nearly 7%. Red Robin Gourmet Burgers, Inc. (RRGB) reported Q1 earnings and is down nearly 12%. Vodafone Group plc (VOD) announced earnings and is up nearly 2.5%.

Tomorrow morning, Analog Devices Inc. (ADI), Lowe's Companies, Inc. (LOW), Target Corporation (TGT), Burberry Group Plc ADR (BURBY), Hormel Foods Corporation (HRL) and Staples, Inc. (SPLS) are expected to report.


Yesterday AAPL seemed to break the chains that have been weighing it down recently and lifted up 3.71% in the process on extremely high volume after reports of Buffett's AAPL investment surfaced. AAPL gapped up huge, opening nearly 2 points higher at 92.45 on huge volume, took a fleeting dip to set an intra-day low of 91.65 at 9:34am on heavy volume and then never looked back, reclaiming 93 on heavy volume within an hour and 94 by mid-afternoon. AAPL set a high of 94.39 at 3:10pm on moderate volume before settling below 94 into the close. AAPL ended intra-day up 3.36 to 93.88. In after-hours, AAPL gained an additional 10 cents to 93.98.

This morning in pre-market, AAPL opened up higher near 95 on low volume and sold off later in the morning after 6:30am on higher volume. AAPL is currently up 31 cents at 94.19 as we approach the open.


Classic max-pain is 96.


US consumer prices post largest gain in three years:
http://www.reuters.com/article/usa-economy-inflation-idUSL2N18C0A8

Confidence among US homebuilders holds steady in May:
http://www.bloomberg.com/news/articles/2016-05-16/confidence-among-homebuilders-in-u-s-held-steady-in-may

Top Chinese official lands in Hong Kong amid growing calls for independence:
http://time.com/4338205/hong-kong-china-independence-demosisto-zhang-dejiang/

Home Depot raises forecasts after strong start to the year:
http://www.reuters.com/article/us-home-depot-results-idUSKCN0Y812Z

The Children's Place releases Q1 results:
http://www.nasdaq.com/press-release/the-childrens-place-reports-first-quarter-2016-results-20160517-00243

Apple's OS X 10.11.5 El Capitan update:
http://www.zdnet.com/article/apples-os-x-10-11-5-el-capitan-update-no-new-features-but-67-security-bug-fixes/

Apple updates GarageBand with Chinese instruments and Chinese language localization:
http://www.macworld.com/article/3071372/software/apple-updates-garageband-with-chinese-instruments-and-extensive-chinese-language-localization.html

The biggest announcements Google could make this week at I/O:
http://time.com/4337270/google-io-preview-2016/

Google adds a splash of color to its wall:
http://www.zdnet.com/article/google-adds-a-splash-of-color-to-to-the-dull-data-center/

Twitter to stop counting photos and links in 140-character limit:
http://www.bloomberg.com/news/articles/2016-05-16/twitter-to-stop-counting-photos-and-links-in-140-character-limit

Nvidia GeForce GTX 1080 review:
http://www.pcworld.com/article/3071037/hardware/nvidia-geforce-gtx-1080-review-the-most-badass-graphics-card-ever-created.html

Firefox's market is on fire:
http://www.pcworld.com/article/3071636/software/firefoxs-market-share-is-bigger-than-that-of-all-microsofts-browsers-combined.html

Self-driving trucks are coming:
http://www.nytimes.com/2016/05/17/technology/want-to-buy-a-self-driving-car-trucks-may-come-first.html?_r=0

Amazon's restaurant deliveries come to Manhattan, Dallas:
http://www.cnet.com/news/amazons-restaurant-deliveries-come-to-manhattan-dallas/

Is Taco Bell getting fancy?
http://www.usatoday.com/story/money/2016/05/17/taco-bell-new-store-designs/84452726/

Superman, are you out there?
http://www.techtimes.com/articles/158870/20160517/old-red-stars-may-be-best-place-to-hunt-for-alien-life.htm


Today's Economic Calendar:
8:30 Consumer Price Index
8:30 Housing Starts
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 E-Commerce Retail Sales
12:00 PM Fed's Lockhart speech


Notable earnings after today's close: ACXM, VIPS, NLST, STV, BTX, GAIN, SAR, TRNS,

And tomorrow before the open: STE, DLHC, *ADI*, GILT, PLAB, *LOW*, *TGT*, DSX, FLY, CTRN, QIWI, TCEHY, ELTK, *BURBY*, AFMD, BAH, EDAP, *HRL*, MMYT, MQLXF, RMCF, SBMRY, SONVF, *SPLS*, SYPR, XBIT

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