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Apple Today - 5/27/2016 OPEX (AAPL)

seymour_greenz • May 27th 2016 09:26:42 AM

Good Morning,

NASDAQ Futures are up 8 with +13 Fair Value, S&P Futures are up 2 with +4 Fair Value and Dow Futures are up 18 on this final Friday OPEX for May, complete with an appearance from Janet Yellen at 11:30am. Futures were up slightly in early morning and took a dip at 3am but have since recovered and are at the highs as we await the open.

Asian markets were mostly up. China dropped 0.05%, Hong Kong gained 0.88% and Japan increased 0.37%. European markets are mixed today. The UK is currently down 0.06%, Germany is up 0.12% and France is down 0.12%.

Commodities are mixed this morning. Oil is down 1.01%, natural gas is down 1.91% and gold is down 0.04%. Unleaded gas is down 0.37% and heating oil is down 0.79%. Metals are mixed. Meat is up. Cocoa and coffee are up while cotton, corn, wheat and soybeans are down.

US economy grew faster in Q1 than previously thought. Janet Yellen speaks at 11:30am.

Palo Alto Networks (PANW) reported a Q3 earnings loss yesterday afternoon and is down nearly 10.5% in pre-market. Deckers Outdoor Corporation (DECK) reported a Q4 earnings loss and is down over 2%. GameStop Corp. (GME) reported Q1 earnings with mixed results and is down nearly 7.5%. On the other hand, NQ Mobile Inc. (NQ) reported Q1 earnings and is up 0.5%.

JinkoSolar Holding Co., Ltd. (JKS) reported profitable Q1 results this morning and is up nearly 3.5%. Big Lots, Inc. (BIG) announced Q1 earnings topping expectations and is up over 14% in pre-market.

Tuesday morning before the open, look for earnings from The Bank of Nova Scotia (BNS).

AAPL continued its rocket flight yesterday gaining an additional 0.79% on huge volume on top of an already incredible week. AAPL opened at 99.67 to huge volume and took a dip in the red with a low of 98.64 on high volume at 9:56am before firing upwards to turn green after lunchtime and breaking 100 in the afternoon on high volume. The AAPL firework reached a peak of 100.73 at 3:26pm on moderate volume and then began to arc down towards the mid-100 area into the close. AAPL closed the day up 79 cents at 100.41 and gained an additional 13 cents in after-hours to 100.54.

This morning in pre-market, AAPL continued from yesterday's close with an open near mid-100 but has dropped significantly in pre-market to the low to mid-99 area, "presumably" on Cramer's advice to book profits. AAPL is down 1.08 cents at 99.33 as we approach the open.


Classic max-pain is 97.5. Today is OPEX. The market is closed on Monday for Memorial Day. Have a good long weekend with your friends and family.


US economy grew faster in Q1 than previously thought:
http://www.nytimes.com/2016/05/28/business/economy/us-economy-gdp-q1-growth-revision.html

Apple's Echo rival could see you with built-in camera:
http://www.cnet.com/news/apples-echo-rival-could-see-you-with-built-in-camera-amazon-siri-facial-recognition/

Rise of the Apple robots:
http://www.bbc.com/news/technology-36376966

Google gets off scot free in Java case:
http://www.wired.com/2016/05/google-doesnt-owe-oracle-cent-using-java-android-jury-finds/

What are Facebook and Microsoft "fishing" for in the Atlantic?
http://www.wired.com/2016/05/facebook-microsoft-laying-giant-cable-across-atlantic/

Microsoft is banning stupid passwords:
http://arstechnica.com/security/2016/05/if-microsoft-is-banning-stupid-passwords-why-does-it-still-allow-paw0rd/

Intel diving deeper into IoT and self-driving cars:
http://www.techtimes.com/articles/161406/20160527/intel-diving-deeper-into-iot-and-self-driving-cars-with-itseez-computer-vision-startup-acquisition.htm

12 million US vehicles recalled over Takata air bags:
http://www.newsweek.com/12-million-us-vehicles-recalled-takata-air-bags-464269

Low-cost gasoline revives the US road trip:
http://www.bloomberg.com/news/articles/2016-05-27/forget-the-staycation-low-cost-gasoline-revives-u-s-road-trip

It could happen to you:
https://www.boston.com/news/local-news/2016/05/27/mass-senate-ban-plastic-shopping-bags

Clever software gives old smartphones pressure sensitivity:
http://www.techtimes.com/articles/161316/20160527/3d-touch-for-all-forcephone-software-gives-smartphones-pressure-sensitivity.htm

Mars used to look more white than red:
http://www.popularmechanics.com/space/moon-mars/a21044/mars-just-got-out-of-an-ice-age/

Uh oh...
http://www.bbc.com/news/health-36396663


Today's Economic Calendar:
8:30 GDP Q1
8:30 Corporate Profits
10:00 Reuters/UofM Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
11:30 Janet Yellen


Notable earnings on Tuesday before the open: *BNS*, NX, ALBKF, LPG

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