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Apple Today - 6/22/2016 (AAPL)

seymour_greenz • June 22nd 2016 09:29:53 AM

Good Morning,

NASDAQ Futures are up 8 with +3 Fair Value, S&P Futures are up 2 with +2 Fair Value and Dow Futures are up 13 on this busy day of economic data, complete with an appearance from Yellen one day before the Brexit referendum. Futures were up earlier and took a sharp dip just after 3am, turning red and bottoming just after 4am and bouncing back up above the highest levels before settling back a little as we await the open.

Asian markets ended mixed. China gained 0.94%, Hong Kong went up 0.61% and Japan dropped 0.64%. European markets are up today. The UK is up 0.83%, Germany is up 1.08% and France is up 0.66%.

Commodities are mixed this morning. Oil is up 0.44%, natural gas is down 1.08% and gold is down 0.26%. Unleaded gas is up 0.31% and heating oil is up 0.40%. Metals are mixed. Meat is down. Cocoa, coffee, corn, wheat and soybeans are up while cotton is flat.

Global stocks, sterling gain as Brexit vote nears, Yellen cools rate talk.

FedEx Corporation (FDX) reported Q4 earnings with a $70 million loss and cautious outlook and is down nearly 2% in pre-market. Adobe Systems Incorporated (ADBE) announced Q2 earnings with guidance that missed expectations and is down over 3.5%. KB Home (KBH) reported Q2 earnings that beat expectations and is up over 1%. La-Z-Boy Incorporated (LZB) announced Q4 earnings that beat expectations and is up on thin volume.

Winnebago Industries, Inc. (WGO) reported Q3 earnings that beat forecasts and is up nearly 8.5% in pre-market.

This afternoon after the bell, look out for earnings from Herman Miller, Inc. (MLHR), Red Hat, Inc. (RHT) and Bed Bath & Beyond Inc. (BBBY).

Tomorrow morning, Accenture plc (ACN) and BlackBerry Ltd. (BBRY) are expected to report.

AAPL sent shorts screaming yesterday, gaining 0.85% on moderate volume. AAPL opened at 95 to high volume and immediately put in an intra-day low of 94.68 before bouncing up to the 96-area and hanging tight all day with periodic moves toward 96.5, setting a high of 96.35 at 12:30pm on low volume. AAPL dipped slightly below 96 towards the close to end up 81 cents at 95.91 and gained 45 cents in after-hours to 96.36.

This morning in pre-market, AAPL opened up and skipped off 96 on low volume, reaching a high of 96.70 before settling back towards mid-96. AAPL is currently up 61 cents at 96.52 as we approach the open.


Classic max-pain is 100.


Global stocks, sterling gain as Brexit vote nears, Yellen cools rate talk:
http://www.reuters.com/article/us-global-markets-idUSKCN0Z801H

Fed's Powell says "ready for whatever happens" in Brexit vote:
http://www.reuters.com/article/us-powell-brexit-idUSKCN0Z81BC

Apple starts to shell out $400 million to customers in e-book settlement:
http://www.cnet.com/news/apple-ebook-price-fixing-settlement-400-million-to-customers/

New iPhone will look like the 6S?
http://www.theverge.com/2016/6/21/11990864/apple-new-iphone-similar-design-6s

Drone industry delight at new US rules:
http://www.bbc.com/news/technology-36584515

BMW follows Tesla:
http://www.cnet.com/roadshow/news/like-powerwall-but-uglier-bmw-rolls-out-home-storage-battery-solution/

Tesla rival Faraday approved to test self-driving cars on California roads:
http://www.reuters.com/article/us-autos-chinaev-faraday-idUSKCN0Z72V4

Renters are making more, and landlords get it all:
http://www.bloomberg.com/news/articles/2016-06-22/renters-are-making-more-and-landlords-get-it-all

Samsung's Gear 360 goes on sale in US on "limited basis" for $350:
http://www.cnet.com/au/news/samsungs-gear-360-vr-virtual-reality-camera-goes-on-sale-in-us-for-350/

How safe are robots?
http://www.theverge.com/circuitbreaker/2016/6/22/11999664/google-robots-ai-safety-five-problems

The "love hormone" gene:
http://www.techtimes.com/articles/166382/20160622/love-hormone-gene-helps-people-form-healthy-lasting-relationships-study.htm


Today's Economic Calendar:
7:00 MBA Mortgage Applications
9:00 FHFA House Price Index
10:00 Existing Home Sales
10:00 Yellen delivers semi-annual monetary policy testimony
10:30 EIA Petroleum Inventories
11:30 Results of $13B, 2-Year FRN Auction
1:00 PM Results of $34B, 7-Year Note Auction


Notable earnings this afternoon after the bell: *MLHR*, *RHT*, SCS, FUL, APOG, *BBBY*

And tomorrow before the open: MEI, *ACN*, CMC, *BBRY*, BBSI

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