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Apple Today - 6/03/2016 OPEX (AAPL)

seymour_greenz • June 3rd 2016 09:28:58 AM

Good Morning,

NASDAQ Futures are down 18 with -16 Fair Value, S&P Futures are down 10 with -10 Fair Value and Dow Futures are down 70 as the all-important US jobs report hits the wire on this first June OPEX Friday. Futures were lower in early morning and saw some life after 7am, nearing the highs as the jobs numbers announced, then fell sharply in response and are now at fresh deep lows as we await the open.

Asian markets ended up. China gained 0.46%, Hong Kong went up 0.42% and Japan increased by 0.48%. European markets are mixed today. The UK is up 0.48%, Germany is down 0.36% and France is up 0.01%.

Commodities are mostly up this morning. Oil is down 0.61%, natural gas is up 1.33% and gold is up 0.16%. Unleaded gas is down 0.72% and heating oil is down 0.42%. Metals are up. Meat is mostly up. Cocoa, coffee, cotton, corn, wheat and soybeans are all up.

World stocks edge toward one-month high, US jobs data eyed for Fed clues. US job growth brakes sharply, unemployment rate falls to 4.7 percent. US trade deficit increases less than expected in April.

Yesterday afternoon, Ambarella (AMBA) reported Q1 earnings that beat expectations and is up over 10% in pre-market. Broadcom Limited (AVGO) announced Q2 earnings and is up nearly 8%. On the other hand, Mad Catz Interactive, Inc (MCZ) reported a Q4 earnings loss and is down over 10.5% in pre-market.

AAPL dipped to mid-96 yesterday and "bounced back", ending down just 0.75% on slightly above average volume. AAPL opened at 97.68 to high volume as selling pressure, breaking into 96 within 20 minutes of the open on high volume to a low of 96.63 at 9:50am. Afterwards, AAPL bounced back to an intra-day high of 97.84 at 11:09am on moderate volume before orderly dipping below 97 again during lunchtime on lower volume. AAPL recovered during the afternoon, slowly building up steam to close near the intra-day high. AAPL ended the day down 74 cents at 97.72 and gained an additional 8 cents in after-hours to 97.8.

This morning in pre-market, AAPL opened up and gravitated to 98 until the jobs numbers came out, then AAPL first dipped into the upper-97 area, bounced and then again to mid-97. AAPL is currently down 21 cents at 97.51 as we approach the open.


Classic max-pain is 98.5.


World stocks edge toward one-month high, US jobs data eyed for Fed clues:
http://www.reuters.com/article/us-global-markets-idUSKCN0YP02R

US job growth brakes sharply, unemployment rate falls to 4.7 percent:
http://www.reuters.com/article/us-usa-economy-idUSKCN0YO1I8

US trade deficit increases less than expected in April:
http://www.reuters.com/article/us-usa-economy-trade-idUSKCN0YP1GY

Fed likely to avoid rate hike before Britain votes on leaving EU:
http://in.reuters.com/article/us-usa-fed-brexit-analysis-idINKCN0YP0DB

JP Morgan boss warns of Brexit job cuts:
http://www.bloomberg.com/news/articles/2016-06-03/jpmorgan-ceo-dimon-may-have-to-cut-u-k-jobs-in-event-of-brexit

Apple reportedly preparing 5k external display with internal GPU... sound like a "TV"?
http://www.zdnet.com/article/apple-reportedly-preparing-5k-external-display-with-internal-gpu/

Apple App Store and iCloud back online after outage:
http://www.cnet.com/news/apple-app-store-and-icloud-back-online-after-outage/

Google is teaching its self-driving car to honk, some predict "the robot bird" is next:
http://www.cnet.com/roadshow/news/google-is-teaching-its-self-driving-car-to-honk-its-horn/

Microsoft's HoloLens now has apps for email and your calendar:
http://www.theverge.com/2016/6/2/11848192/microsoft-hololens-outlook-email-calendar-apps-ar

Wal-Mart plans to test grocery delivery through Uber, Lyft:
http://www.bloomberg.com/news/articles/2016-06-03/wal-mart-to-start-testing-grocery-delivery-through-uber-lyft

Twitthoo? Yawitter?
http://www.cnet.com/uk/news/twitter-and-yahoo-reportedly-meet-to-discuss-merger/

Dorsey finds Snapchat domination "confusing":
http://arstechnica.com/business/2016/06/as-snapchat-userbase-grows-twitter-ceo-calls-his-service-confusing/

Samsung's new Gear Fit 2 has GPS and a giant display:
http://www.theverge.com/2016/6/2/11822824/samsung-gear-fit-2-review-fitness-tracker-smartwatch-gps

Sims 4 update removes gender restrictions:
http://www.theverge.com/2016/6/2/11838356/sims-4-update-gender-hairstyles-voice-clothing-optionshttp://www.theverge.com/2016/6/2/11838356/sims-4-update-gender-hairstyles-voice-clothing-options

They're coming...
http://www.npr.org/sections/health-shots/2016/06/02/480466940/scientists-say-they-hope-to-create-a-human-genome-in-the-lab

The universe expanding faster than we thought:
http://www.cnet.com/au/news/is-the-universe-expanding-faster-than-we-thought/

Flat lens promises possible revolution in optics:
http://www.bbc.com/news/science-environment-36438686

Ancient civilization of microbes, not Greeks, built "lost city":
http://www.nytimes.com/2016/06/03/science/ancient-civilization-of-microbes-not-greeks-built-lost-city.html?_r=0

What is Fentanyl?
http://www.webmd.com/mental-health/addiction/news/20160602/prince-fentanyl-overdose

A story of Zika:
https://www.washingtonpost.com/news/to-your-health/wp/2016/06/02/doctors-detail-story-of-devastated-mom-of-zika-affected-baby-born-in-ny-area-trying-her-best-to-cope-with-this-emotionally/


Today's Economic Calendar:
3:45 Fed's Evans: U.S. Economic and Monetary Policy
8:30 Non-farm payrolls
8:30 International Trade
9:45 PMI Services Index
10:00 Factory Orders
10:00 ISM Non-Manufacturing Index
12:30 PM Fed's Bralnard: U.S. Economic and Monetary Policy
1:00 PM Baker-Hughes Rig Count


Notable earnings this afternoon after the bell: AMLP, ADAT, PNY

And on Monday before the open: ABIL, AGX, XCRA

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