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Apple Today - 6/30/2016 EOM (AAPL)

seymour_greenz • June 30th 2016 09:29:09 AM

Good Morning,

NASDAQ Futures are down 6 with -2 Fair Value, S&P Futures are down 3 with +2 Fair Value and Dow Futures are down 11 as we see off the final day of June with a fairly busy day of economic data. Flat Futures took a dive early this morning, bottoming just before 3:30am and then bouncing strong to a high at 6:38pm before slipping back into the red. Futures are down but up off lows as we await the open.

Asian markets ended mixed. China dropped 0.07%, Hong Kong gained 1.81% and Japan went up 0.06%. European markets are mixed. The UK is down 0.15%, Germany is down 0.24% and France is up 0.24%.

Commodities are mixed this morning. Oil is down 1.60%, natural gas is up 0.17% and gold is down 0.55%. Unleaded gas is down 0.60% and heating oil is down 1.41%. Metals are mixed, silver and copper are up, platinum is down. Meat is mixed. Coffee, cotton, wheat, corn and soybeans are are up while cocoa is down.

US jobless claims increased last week, trend still favorable. World stocks poised for worst month since January. Santander, Deutsche Bank were US stress test repeat offenders.

Pier 1 Imports Inc. (PIR) reported a Q1 earnings loss yesterday afternoon and is down over 6% in pre-market.

This morning, McCormick & Company, Inc. (MKC) announced Q2 earnings of $0.72 per share and is up nearly 1.5%. Constellation Brands, Inc. (STZ) reported Q1 earnings and is up over 2%. Paychex, Inc (PAYX) announced Q4 earnings and is up over 1.5%. On the other hand, Darden Restaurants, Inc. (DRI) reported Q4 earnings and is down nearly 4.5%. ConAgra Foods, Inc. (CAG) announced Q4 earnings and is down nearly 3.5% in pre-market.

This afternoon after the bell, look out for earnings from Micron Technology Inc. (MU).

AAPL showed a mountain of strength yesterday, peaking above 94.5 and ending with a solid gain of 0.87%. AAPL opened up at 93.97 to high volume and climbed up to 94.51 at 9:50am on moderate volume before sliding down sharply on mild volume to set an intra-day low of 93.63 at 10:45am and then just as sharply bouncing back to the mid-94 area again by lunchtime. AAPL dipped again slightly after lunch on mild volume before setting an intra-day high of 94.55 at 3:29pm on moderate volume. AAPL ended the day up 81 cents at 94.40 and dropped 5 cents in after-hours to 94.35.

This morning in pre-market, AAPL picked up where yesterday's after-hours left off and began to show some signs of weakness later in the morning and hitting a pre-market low of 94. AAPL is currently down 23 cents at 94.17 as we approach the open.

Classic max-pain is 94.5. Today is the last day of June.


US jobless claims increased last week, trend still favorable:
http://www.reuters.com/article/us-usa-economy-jobless-idUSKCN0ZG1QJ

World stocks poised for worst month since January:
http://www.reuters.com/article/us-global-markets-idUSKCN0ZF01O

Santander, Deutsche Bank were US stress test repeat offenders:
http://www.reuters.com/article/us-usa-banks-stress-failure-idUSKCN0ZG0DM

I'm "very confident" this guy is delusional:
https://www.theguardian.com/technology/2016/jun/30/apple-lawsuit-iphone-invention

Google just plugged into Japan with its own undersea cable:
http://www.wired.com/2016/06/google-turns-giant-internet-cable/

Microsoft says more than 350 million devices now running Windows 10:
http://www.techtimes.com/articles/167723/20160630/microsoft-says-over-350-million-devices-now-running-windows-10-ahead-of-august-2-anniversary-update.htm

Samsung is now selling the Galaxy S7 and S7 Edge unlocked in the US:
http://www.theverge.com/circuitbreaker/2016/6/30/12061744/samsung-galaxy-s7-edge-unlocked-us-price-availability

Preorder PlayStation VR, but be quick:
http://www.theverge.com/2016/6/29/12063704/sony-playstation-vr-preorders-june-30th

HTC and the future of virtual reality:
http://www.techtimes.com/articles/167741/20160630/htc-establishes-vive-subsidiary-helps-form-10b-investment-group-all-for-the-future-of-virtual-reality.htm

Oculus CEO's Twitter gets hacked:
http://www.cnet.com/news/oculus-ceos-twitter-gets-hacked/

4G LTE plans for Chevrolets just got a lot cheaper:
http://www.pcmag.com/news/345748/4g-lte-plans-for-chevrolets-just-got-a-lot-cheaper

College debt on the rise:
http://www.csmonitor.com/Commentary/the-monitors-view/2016/0629/Relieving-the-fears-of-the-college-bound

This big rock failed to meet reserve:
https://www.theguardian.com/uk-news/2016/jun/30/biggest-diamond-discovered-in-100-years-lesedi-la-rona-fails-to-sell-auction

UK backs world-leading climate target:
http://www.bbc.com/news/science-environment-36673894

Mars had O2:
http://www.techtimes.com/articles/167594/20160629/a-likely-oxygen-rich-past-is-mars-more-earth-like-than-we-think.htm

No more raw cookie dough for you:
http://time.com/4388863/raw-cookie-dough-warning-outbreak/


Today's Economic Calendar:
8:30 Initial Jobless Claims
9:45 Chicago PMI
9:45 Bloomberg Consumer Comfort 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: *MU*, FC

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