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Apple Today - 6/21/2016 (AAPL)

seymour_greenz • June 21st 2016 09:29:46 AM

Good Morning,

NASDAQ Futures are up 22 with +21 Fair Value, S&P Futures are up 10 with +9 Fair Value and Dow Futures are up 64 as we make it to day 2 of Brexit week with 2 days left to go. Futures were up earlier, hit full stride at 6:22am and are near the highs as we await the open.

Asian markets ended mixed. China dropped 0.35%, Hong Kong went up 0.77% and Japan gained 1.28%. European markets are up today. The UK is up 0.19%, Germany is up 0.56% and France is up 0.55%.

In an unprecedented turn, commodities are all down this morning. Oil is down 1.13%, natural gas is down 0.66% and gold is down 1.32%. Unleaded gas is down 1.40% and heating oil is down 1.84%. Metals are down. Meat is down. Cocoa, coffee, cotton, corn, wheat and soybeans are also all down.

US index Futures trim gains as oil slides before Yellen speaks.

CarMax Group (KMX) reported Q1 earnings this mornings that missed expectations and is down nearly 4% in pre-market.

This afternoon after the bell, look out for earnings from La-Z-Boy Incorporated (LZB), FedEx Corporation (FDX), Adobe Systems Incorporated (ADBE) and KB Home (KBH).

Tomorrow morning, Barnes & Noble Inc (BKS) and Winnebago Industries, Inc. (WGO) are expected to report.

Initially up strong, AAPL got zapped by shadowy forces yesterday, ending the day down 0.24% on moderate volume. In conjunction with a rally in Futures, AAPL made a strong showing in pre-market and opened up at 96.01 on high volume. AAPL quickly rose up to an intra-day peak of 96.57 at 10:06am on relatively high volume before running out of juice and faltering to the upper-95 area before lunchtime. AAPL struggled to recover 96 in the afternoon and then quickly slipped down to the low-95 area after 3pm into the close. AAPL ended the day down 23 cents at 95.10 and dropped 2 more cents in after-hours to 95.08.

This morning in pre-market, AAPL picked up from yesterday's after-hours and hung around the low-95 area hitting a high of 95.33 later in the morning before settling back down towards 95. AAPL is currently up 5 cents at 95.15 as we approach the open.


Classic max-pain is 100.


US index Futures trim gains as oil slides before Yellen speaks:
http://www.bloomberg.com/news/articles/2016-06-21/u-s-futures-indicate-two-day-bounce-for-s-p-500-before-yellen

Yen slides:
http://www.bloomberg.com/news/articles/2016-06-21/yen-shakes-off-brexit-in-longest-rally-for-5-years-pound-wavers

Facebook doesn't unfriend Peter Thiel:
http://www.cnet.com/news/peter-thiel-remains-on-facebooks-board-despite-legal-campaign-against-gawker/

Google is making two-factor authentication a lot easier to use:
http://www.theverge.com/2016/6/21/11986822/google-two-factor-authentication-improvements-features

Microsoft blames Google Chrome Browser for draining your battery:
http://fortune.com/2016/06/20/microsoft-google-chrome-battery/

Does Twitter get it?
http://qz.com/712201/twitter-still-doesnt-get-it/

Tumblr is launching live video this week?
http://www.theverge.com/2016/6/20/11978872/tumblr-live-video-launch-2016-facebook-twitter-periscope

Apple veterans are now making smart accessories for your car:
http://www.theverge.com/2016/6/21/11982104/pearl-rearvision-rearview-camera-apple-veterans

Nvidia unveils PCIe Tesla P100 GPU based on Pascal architecture to supercharge deep learning and HPC applications:
http://www.techtimes.com/articles/166217/20160621/nvidia-unveils-pcie-tesla-p100-gpu-based-on-pascal-architecture-to-supercharge-deep-learning-and-hpc-applications.htm

Rare newborn planet detected:
http://www.space.com/33228-newborn-exoplanet-youngest-ever-detected.html

What happened to all of Venus's water?
https://www.washingtonpost.com/news/morning-mix/wp/2016/06/21/amazing-scientists-crack-mystery-of-venuss-vanished-water/

Google plays doctor:
http://www.cnet.com/news/google-plays-doctor-by-identifying-your-medical-symptoms/

Think your job is bad?
http://www.bbc.com/news/world-asia-china-36583486


Today's Economic Calendar:
8:55 Redbook Chain Store Sales
10:00 Yellen delivers semi-annual monetary policy testimony
1:00 PM Results of $34B, 5-Year Note Auction


Notable earnings this afternoon after the bell: *LZB*, *FDX*, *ADBE*, *KBH*

And tomorrow before the open: *BKS*, *WGO*

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