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Apple Today - 6/09/2016 (AAPL)

seymour_greenz • June 9th 2016 09:29:18 AM

Good Morning,

NASDAQ Futures are down 13 with -13 Fair Value, S&P Futures are down 8 with -8 Fair Value and Dow Futures are down 56 on this June Thursday busy with economic data. Futures were down a bit in early morning and then really slipped at 3am but are more stable now though still near the lows as we await the open.

Asian markets ended down. China and Hong Kong were closed and Japan fell 0.97%. European markets are down today. The UK is down 0.89%, Germany is down 1.33% and France is down 0.91%.

Commodities are mixed this morning. Oil is down 1.19%, natural gas is up 0.20% and gold is down 0.09%. Unleaded gas is down 1.69% and heating oil is down 1.32%. Metals are down except silver. Meat is up. Cocoa and coffee are up while cotton, corn, wheat and soybeans are down.

Drop in US jobless claims points to labor market strength. Global bond market rally puts financial stocks under pressure. Gold eases from 3-week high as dollar claws back losses.

First, the bad earnings news from yesterday afternoon... FuelCell Energy, Inc. (FCEL) reported a 16 cent Q2 earnings miss yesterday afternoon and is down nearly 6% in pre-market.
Restoration Hardware (RH) announced Q1 earnings with results that missed expectations and cut guidance and is down over 20%.
Tailored Brands, Inc (TLRD) reported a Q1 earnings miss and in-line guidance and is down nearly 1% in pre-market.

Now, the better earnings news from this morning... J. M. Smucker Company (SJM) is up nearly 4.5% in pre-market after reporting Q4 earnings that beat expectations this morning. Francesca's Holdings Corp. (FRAN) announced Q1 results this morning that beat the prior downside announcement by 1 cent and lowered guidance and is currently up nearly 5.5% in pre-market.

This afternoon after the bell, look for earnings from Organovo Holdings, Inc. (ONVO), H&R Block Inc. (HRB) and Hudson's Bay Co (HBAYF).

Mt. AAPL "peaked" early yesterday, sliding slightly into the red and sloping down 0.09% for the day on low volume. AAPL showed initiative in pre-market and trekked up to an intra-day peak of 99.56 at 10am on low volume. After summiting, AAPL quickly dropped to an intra-day low of 98.68 just over an hour later on relatively low volume. Bouncing shortly thereafter, AAPL seemed to have found some comfort in the 99-area for most of the afternoon on extremely low volume before struggling in late afternoon and slipping to near into the close. AAPL ended the day down 9 cents at 98.94 and then further dropped 14 more cents in after-hours to end at 98.8.

This morning in pre-market, AAPL opened lower in conjunction with Futures and hugged the 98.5 line before nudging up in an attempt to grasp at the upper-98 area. AAPL hit a pre-market high of 98.78 which so far is below and yesterday's close and is currently down 26 cents at 98.68 as we approach the open.


Classic max-pain is 99.


Drop in US jobless claims points to labor market strength:
http://www.reuters.com/article/us-usa-economy-idUSKCN0YV1D7

Global bond market rally puts financial stocks under pressure:
http://www.reuters.com/article/us-global-markets-idUSKCN0YV01F

Oil slips from 10-month high:
http://www.bloomberg.com/news/articles/2016-06-08/oil-trades-near-10-month-high-as-stockpiles-continue-to-decline

Gold eases from 3-week high as dollar claws back losses:
http://in.reuters.com/article/global-precious-idINKCN0YV03J

Brazil Real rises to 11-month high as new central banker cheered:
http://www.bloomberg.com/news/articles/2016-06-08/brazilian-real-tops-world-gains-as-new-central-banker-cheered

J.M. Smucker sales beat as demand rises for coffee, pet foods:
http://www.reuters.com/article/us-j-m-smucker-results-idUSKCN0YV18O

Lululemon (LULU) Q1 earnings in-line, stock rises on view:
https://www.zacks.com/stock/news/219825/lululemon-lulu-q1-earnings-in-line-stock-rises-on-view

Dow finishes back above 18,000 as dollar dips:
http://www.reuters.com/article/us-usa-stocks-idUSKCN0YU1AE

Stocks rise as dollar and oil provide underpinnings:
http://www.nytimes.com/2016/06/09/business/daily-stock-market-activity.html

Soros is back at it:
http://www.bloomberg.com/news/articles/2016-06-09/soros-returns-to-trading-worried-about-world-economy-wsj-says

Big changes said to be coming to the Apple App Store:
http://www.cnet.com/uk/news/apple-app-store-here-are-the-biggest-changes-said-to-be-coming/

WWDC wish list:
http://www.macworld.com/article/3081433/macs/wwdc-wish-list-will-we-see-any-new-hardware.html

OS X getting a rebranding?
http://9to5mac.com/2016/06/08/latest-hint-at-macos-rebranding-of-os-x-appears-in-new-app-store-guidelines/

Will the Android-to-iPhone switch be sparked by WWDC 2016?
http://www.computerworld.com/article/3081529/apple-ios/can-apple-hit-the-android-to-iphone-switch-at-wwdc.html

Larry Page is secretly building flying cars:
http://www.theverge.com/2016/6/9/11893032/google-co-founder-larry-page-is-secretly-building-flying-cars

10 bitcoins for millions of stolen Twitter logins:
http://www.bbc.com/news/technology-36488814

BMW wins over LAPD, beats Tesla, 100 i3 electric cars coming:
http://www.techtimes.com/articles/163878/20160609/bmw-wins-over-lapd-beats-tesla-100-i3-electric-cars-coming.htm

Pebble is launching a Happiness app and sharing its fitness algorithms:
http://www.theverge.com/circuitbreaker/2016/6/8/11889320/pebble-health-mood-tracking-happiness-app-fitness-algorithm

Fossils suggest that island life shrank our "Hobbit" relatives:
http://www.npr.org/sections/thetwo-way/2016/06/08/481263190/fossils-suggest-that-island-life-shrank-our-hobbit-relatives

Welcome, Moscovium:
http://www.cnn.com/2016/06/08/health/periodic-table-new-elements-names/

Glowing fish!
http://phenomena.nationalgeographic.com/2016/06/08/the-many-origins-of-glowing-fish/

Latest Ebola outbreak in Liberia is now over:
http://www.nytimes.com/aponline/2016/06/09/world/africa/ap-af-liberia-ebola.html


Today's Economic Calendar:
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Wholesale Trade
10:30 EIA Natural Gas Inventory
1:00 PM Results of $12B, 30-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet


Notable earnings this afternoon after the bell: *ONVO*, *HRB*, ONCS, PURE, ARIS, KMG, LMNR, STRP, MFRM, *HBAYF*, CHKE, AGYS, CPST

And tomorrow before the open: TCLAF

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