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Apple Today 06/16/2016 (AAPL)

seymour_greenz • June 16th 2016 09:29:44 AM

Good Morning,

NASDAQ Futures are down 22 with -18 Fair Value, S&P Futures are down 9 with -9 Fair Value and Dow Futures are down 70 on this Thursday after the Fed announcement busy with economic data. Futures were down in early morning and sunk to a harsh low at 2:42am before recovering somewhat but have slipped again towards the lows as we await the open.

Asian markets ended down. China dropped 0.50%, Hong Kong fell 2.10% and Japan led the decline, down 3.05%. European markets are also down today. The UK is down 0.87%, Germany is down 1.07% and France is down 0.60%.

Commodities are mixed this morning. Oil is down 1.40%, natural gas is down 0.54% and gold is up 1.58%. Unleaded gas is down 0.32% and heating oil is down 1.06%. Metals are up except copper. Meat is down. Coffee, cotton, corn and wheat are up while cocoa and soybeans are down.

Futures lower as Fed comments, Brexit vote spook investors. Initial jobless claims increased more than forecast last week.

Yesterday afternoon, Jabil Circuit Inc. (JBL) reported Q3 earnings that beat expectations but with some concerns over Q4 mobile outlook the stock is down nearly 2.5% in pre-market.

Kroger Co. (KR) announced Q1 earnings this morning and is up slightly in pre-market.

This afternoon after the bell, look for earnings from Oracle Corporation (ORCL).

AAPL jumped up out of the fishbowl and landed on the cold, hard floor with a loss of 0.33% for the day on low volume. AAPL showed some perkiness in pre-market and opened up at 97.85 on high volume, quickly leaping up to an intra-day high of 98.41 at 9:41am on moderate volume. Backing off slightly, AAPL generally stayed in the above-98 area for the rest of the morning untill 11:30am when AAPL sold off on light volume to below 98 at 1:25pm and then bounced above 98 at 2pm also on low volume. After 3:30pm is when AAPL really took a flop on the ground, sliding to a low of 97.03 on moderate volume and ending the day down 32 cents at 97.14. In after-hours, AAPL dropped 9 more cents to 97.05.

This morning in pre-market, AAPL opened down in conjunction with Futures and in sympathy with JBL and soon hit a low of 96.10 at 4:50am before seeing some recovery towards mid-96. AAPL is currently down 80 cents at 96.34 as we approach the open.


Classic max-pain is 98.


Futures lower as Fed comments, Brexit vote spook investors:
http://in.reuters.com/article/us-usa-stocks-idINKCN0Z21CF

Initial jobless claims increased more than forecast last week:
http://www.bloomberg.com/news/articles/2016-06-16/initial-jobless-claims-increased-more-than-forecast-last-week

US current account deficit rises to 7-year high in first quarter:
http://www.reuters.com/article/us-usa-economy-cad-idUSKCN0Z21JP

Jordan puts SNB on alert for turmoil as Brexit probability rises:
http://www.bloomberg.com/news/articles/2016-06-16/snb-holds-fire-as-brexit-blues-pressure-franc-at-2016-high

Samsung gets Joyent:
http://www.zdnet.com/article/joyent-m-a-fills-cloud-need-to-expand-services-samsung-cto/

Zuckerberg invests in Africa:
http://qz.com/708501/mark-zuckerbergs-foundation-is-investing-millions-in-a-company-that-trains-coders-in-africa/

Uber rival's $28 billion valuation shows size of China's ride-sharing market:
http://www.nytimes.com/2016/06/17/business/international/china-didi-chuxing.html

Video game makers plunge deeper into virtual reality at E3
http://www.reuters.com/article/us-tech-videogames-idUSKCN0Z12G8

Are Sony and Microsoft's new consoles PC gone mad?
http://www.theverge.com/2016/6/16/11952320/first-click-ps4-neo-xbox-scorpio-e3-2016

More gravitational waves detected:
http://www.bbc.com/news/science-environment-36540254


Today's Economic Calendar:
8:30 Consumer Price Index
8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
8:30 Current Account
9:45 Bloomberg Consumer Comfort Index
10:00 NAHB Housing Market Index
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

Notable earnings this afternoon after the bell: OCLS, DTRM, ITI, SWHC, FNSR, *ORCL*, GNUS
And tomorrow before the open: SKYS

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