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Apple Today - 6/23/2016 (AAPL)

seymour_greenz • June 23rd 2016 09:29:50 AM

Good Morning,

NASDAQ Futures are up 38 with +36 Fair Value, S&P Futures are up 17 with +17 Fair Value and Dow Futures are up 143 on another busy day of economic data and the day of the Brexit vote, of which results should trickle in this evening. Futures were up strong earlier this morning and got a further boost just after 5am before settling slightly as we await the open, yet still relatively near the highs.

Asian markets ended up. China gained 0.47%, Hong Kong increased 0.35% and Japan went up 1.07%. European markets are up today. The UK is up 1.14%, Germany is up 1.67% and France is up 1.70%.

Commodities are mixed this morning. Oil is up 1.53%, natural gas is down 0.52% and gold is down 0.22%. Unleaded gas is up 0.84% and heating oil is up 1.00%. Metals are mixed. Meat is mixed. Cocoa, coffee, cotton and wheat are up while corn and soybeans are down.

UK votes in historic referendum on EU membership. Latest EU referendum poll shows four-point remain lead. Oil rises as investors focus on Britain's EU referendum.

Red Hat, Inc. (RHT) reported Q1 earnings yesterday afternoon with acquisition plans and is down nearly 6.5% in pre-market. Bed Bath & Beyond Inc. (BBBY) announced Q1 earnings that missed expectations and is down over 3.5%. On the other hand, Herman Miller, Inc. (MLHR) reported a profitable Q4 earnings yesterday afternoon and is up nearly 6%.

BlackBerry Ltd. (BBRY) reported Q1 earnings this morning with a lower than expected loss and is up nearly 3% in pre-market. Accenture plc (ACN) also announced Q3 earnings this morning and is up slightly.

This afternoon after the bell, look out for earnings from Sonic Corp. (SONC).

Tomorrow morning, The Finish Line, Inc. (FINL) is expected to report.

The AAPL flame danced up yesterday morning but then flickered in the afternoon, still ending up 0.38% on relatively low volume. AAPL opened up strong at 96.27 on good volume, then made an optimistic dash towards 97 twice but only got as far as 96.89 at 9:42am on moderate volume before weakening into lunchtime. AAPL quickly fizzled to an intra-day low of 95.35 by 1:26pm on relatively low volume and then bounced only to struggle in the upper 95 area and dip toward the lows and closed the day down 36 cents at 95.55. AAPL gained 31 cents back in after-hours to 95.86.

This morning in pre-market, AAPL opened up in conjunction with green Futures and made a dash above 96.5 before settling closer to 96. AAPL is currently up 49 cents at 96.04 as we approach the open.


Classic max-pain is 100.


UK votes in historic referendum on EU membership:
http://www.cnn.com/2016/06/23/europe/uk-eu-referendum-us/

Latest EU referendum poll shows four-point remain lead:
http://www.theguardian.com/politics/live/2016/jun/23/eu-referendum-live-decision-day-polls-remain-leave

Oil rises as investors focus on Britain's EU referendum:
http://in.reuters.com/article/global-oil-idINKCN0Z902R

Low mortgage rates boost US home sales to nine-year high
http://www.reuters.com/article/us-usa-economy-housing-idUSKCN0Z81ND

Overnight pound volatility surges to record amid EU vote:
http://www.bloomberg.com/news/articles/2016-06-23/overnight-pound-volatility-surges-to-record-amid-eu-vote-chart

Oil price fall tips OPEC current account into deficit in 2015, first since 1998:
Overnight Pound Volatility Surges to Record Amid EU Vote: Chart

What can iOS 10 tell us about the new iPhone?
http://www.macworld.com/article/3087558/ios/what-ios-10-can-tell-us-about-the-new-iphone.html

Cover your cam:
http://www.nytimes.com/2016/06/23/technology/personaltech/mark-zuckerberg-covers-his-laptop-camera-you-should-consider-it-too.html

Will robots soon become "electronic persons" and pay taxes?
http://www.reuters.com/article/us-europe-robotics-lawmaking-idUSKCN0Z72AY

Asian millionaires top wealth rankings:
http://www.bbc.com/news/business-36606971

Goldman to lay off 98 New York employees between July and October:
http://www.reuters.com/article/us-goldmansachs-redundancies-idUSKCN0Z822K

Solar Impulse 2 makes history with successful Atlantic crossing:
http://www.cnn.com/2016/06/23/europe/solar-impulse-2-seville-landing-atlantic-crossing/

Pluto may harbor a liquid ocean:
http://www.space.com/33256-pluto-may-harbor-liquid-ocean.html


Today's Economic Calendar:
8:30 Initial Jobless Claims
8:30 Chicago Fed National Activity Index
9:45 PMI Manufacturing Index Flash
9:45 Bloomberg Consumer Comfort Index
10:00 New Home Sales
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet


Notable earnings this afternoon after the bell: AMSWA, SNX, *SONC*

And tomorrow before the open: *FINL*

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