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Apple Today - 7/08/2016 OPEX (AAPL)

seymour_greenz • July 8th 2016 09:28:32 AM

Good Morning,

NASDAQ Futures are up 6 with +7 Fair Value, S&P Futures are up 5 with +7 Fair Value and Dow Futures are up 42 as we close out the first full week of July with a favorable jobs report. Futures were lower in early morning but spiked up into the green at 3am, dipped back into the red at 5am and recovered new highs later in the morning and are currently near the highs as we await the open.

Asian markets ended down. China fell 0.95%, Hong Kong dropped 0.69% and Japan led the decline, down 1.11%. European markets are up. The UK is up 0.23%, France is up 0.92% and Germany is leading the advance, up 1.34%.

Commodities are mixed this morning. Oil is up 0.75%, natural gas is up 0.47% and gold is down 0.42%. Unleaded gas is up 0.12% and heating oil is up 0.43%. Metals are down. Meat is down. Cocoa, coffee, corn, wheat and soybeans are up while cotton is down.

US added 287,000 jobs in June, unemployment rate at 4.9%.

Barracuda Networks, Inc (CUDA) reported Q1 earnings yesterday afternoon that exceeded expectations and is up over 16.5% in pre-market. On the other hand, WD-40 Company (WDFC) announced a profitable Q3 earnings yesterday afternoon and is down nearly 4.5%

On Monday morning before the open, look out for earnings from Bank of The Ozarks Inc (OZRK).


AAPL ran through green fields yesterday morning with just a hint of clouds in the afternoon, ending up 0.43% for the day on very low volume. AAPL opened up at 95.70 to moderate volume and quickly ran up to the mid-95 area on moderate volume, peaking at 96.50 at 10:40am on moderate volume before beginning a descent back down to the upper-95 area. AAPL hit an intra-day low of 95.62 at 2:59pm on very low volume and bounced towards 96 into the close. AAPL ended the day up 41 cents at 95.94 and dropped 8 cents in after-hours to 95.86.

This morning in pre-market, AAPL opened up higher and generally gravitated to 96 aside from a low volume dip into the upper 95-area before a positive reaction to the jobs report at 8:30am brought AAPL as high as 96.44. AAPL is currently up 42 cents at 96.36 as we approach the open.


Classic max-pain is 95. Today is OPEX. Have a good weekend with your friends and family.


US added 287,000 jobs in June, unemployment rate at 4.9%:
http://www.nytimes.com/2016/07/09/business/economy/jobs-report-unemployment-wages.html

Jobless claims and ADP report allay fears of a job market slowdown:
http://www.csmonitor.com/Business/new-economy/2016/0707/Jobless-claims-and-ADP-report-allay-fears-of-a-job-market-slowdown

Growing unease as British mutual funds block the exit doors:
http://www.nytimes.com/2016/07/08/business/dealbook/growing-unease-as-british-mutual-funds-block-the-exit-doors.html

Brexit batters UK consumer confidence, retailers worry over sterling:
http://in.reuters.com/article/britain-eu-economy-idINL8N19U1KD

Mortgage rates fall to record lows ahead of rate cut:
http://www.bbc.co.uk/news/business-36734164

Who benefits from Apple's public betas?
http://www.macworld.com/article/3092903/os-x/who-benefits-from-apples-public-betas-we-all-do.html

Apple's next software update makes the iPhone feel new again:
http://time.com/4395343/apple-iphone-ios-10-preview-features-download-hands-on/

Is the Apple Store the worst place to buy Apple products?
http://www.cnet.com/news/are-apple-stores-the-worst-place-to-buy-apple-products/

Google acquires video company Anvato:
http://www.techtimes.com/articles/169019/20160708/google-acquires-video-company-anvato-to-provide-cloud-services-for-media-firms.htm

Malware hits millions of Android phones:
http://www.bbc.com/news/technology-36744925

Facebook testing end-to-end encryption for Messenger:
http://www.theverge.com/2016/7/8/12127990/messenger-end-to-end-encryption-trial

Those greedy unicorns...
http://qz.com/726383/unicorns-took-the-largest-share-of-venture-capital-in-history-this-past-quarter/

Scientists designed a "living robot":
http://www.bbc.com/news/science-environment-36748076

2016 is a little bit longer:
http://www.csmonitor.com/Science/2016/0707/Thanks-to-a-leap-second-we-ll-get-a-moment-more-of-2016

Unique triple star system discovered:
http://www.space.com/33367-new-planet-triple-star-system.html

Theranos Founder, Elizabeth Holmes, barred from running lab for 2 years:
http://www.nytimes.com/2016/07/09/business/theranos-elizabeth-holmes-ban.html

Exercise for a healthier pregnancy:
http://www.theatlantic.com/health/archive/2016/07/exercise-for-a-healthier-pregnancy/490424/


Today's Economic Calendar:
8:30 Non-farm payrolls
1:00 PM Baker-Hughes Rig Count
3:00 PM Consumer Credit


Notable earnings this afternoon after the bell: HY

And on Monday before the open: *OZRK*

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