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Apple Today - 7/14/2016 (AAPL)

seymour_greenz • July 14th 2016 09:29:57 AM

Good Morning,

NASDAQ Futures are up 31 with +34 Fair Value, S&P Futures are up 17 with +17 Fair Value and Dow Futures are up 151 on this Thursday busy with economic data and key earnings this afternoon. Futures were slightly up in early morning and launched up after 2am, peaked at 6am and are near the highs as we await the open.

Asian markets ended mostly up. China dropped 0.22%, Hong Kong gained 1.12% and Japan went up 0.95%. European markets are up. The UK is up 0.08%, France is up 1.08% and Germany is leading the advance, up 1.32%.

Commodities are mostly up this morning. Oil is up 1.83%, natural gas is up 0.91% and gold is down 1.27%. Unleaded gas is up 2.32% and heating oil is up 2.14%. Metals are down except copper. Meat is up. Cocoa, coffee, cotton, corn, wheat and soybeans are all up.

Sterling leaps, global stocks stall as BoE holds fire on Brexit response.

Yum! Brands, Inc. (YUM) reported Q2 earnings that beat expectations and is up nearly 4.5% in pre-market. CSX Corporation (CSX) announced Q2 earnings topping estimates and is up nearly 0.5%.

JPMorgan Chase & Co. (JPM) announced Q2 earnings that beat expectations and is up nearly 2.5% in pre-market. First Republic Bank (FRC) reported a Q1 earnings beat with increased dividend and is up nearly 2%. On the other hand, Omnicom Group Inc. (OMC) reported Q2 results with mixed results and is down over 2% in pre-market. BlackRock, Inc. (BLK) reported a Q2 earnings miss and down over 0.5%. Delta Air Lines, Inc. (DAL) announced Q2 results with a revenue dip and is down over 0.5%.

This afternoon after the bell, look out for earnings from Kinder Morgan, Inc. (KMI).

Tomorrow morning, Wells Fargo & Co. (WFC), Citigroup Inc. (C), First Horizon National Corporation (FHN), Infosys Limited, Inc. (INFY) and U.S. Bancorp (USB) are expected to report.

AAPL initially floated up before big red curtains crept in, weighing AAPL down 0.56% on very low volume. AAPL opened at 97.41 to high volume and pushed higher to set an intra-day peak of 97.67 on moderate volume before drifting down towards the lower-97 area on low volume. AAPL initially bounced off of 97 on low volume in early afternoon but struggled to get past the low-97 area and conceded down to a low of 96.84 at 3:22pm on mild volume before an uninspiring close. AAPL ended the day down 55 cents at 96.87 and dropped 7 cents in after-hours to 96.80.

This morning in pre-market, AAPL opened up higher in the mid-97.5 area in conjunction with Futures and hitting a pre-market peak of 97.65 at 6:06am on low volume before drifting back down to the low-97 area. AAPL is currently up 40 cents at 97.27 as we approach the open.


Classic max-pain is 96.


Sterling leaps, global stocks stall as BoE holds fire on Brexit response:
http://www.reuters.com/article/us-global-markets-idUSKCN0ZU01A

Delta Air profit tops expectations; growth curbs planned:
http://www.reuters.com/article/us-delta-air-results-idUSKCN0ZU19O

BlackRock's Larry Fink says rally in stocks isn't justified:
http://www.bloomberg.com/news/articles/2016-07-14/fink-says-not-enough-evidence-to-justify-recent-equities-rally

JPMorgan beats expectations, helped by loan growth and cost controls:
http://www.reuters.com/article/us-jpmorgan-results-idUSKCN0ZU14L

Chinese man sentenced to prison for trying to hack Boeing:
http://time.com/4405934/chinese-hacking-boeing/

Cellular coming to the Apple Watch 2?
http://www.zdnet.com/article/why-cellular-on-the-apple-watch-2-will-be-a-feature-youll-hate/

Exploring Facebook's massive, picture-painting AI brain:
http://www.theverge.com/2016/7/13/12172904/facebook-ai-big-sur-machine-learning-prineville-data-center

Starbucks plans new upscale chains:
http://money.cnn.com/2016/07/14/news/companies/starbucks-upscale-chain/

The next step for Nest is another camera:
http://www.cnet.com/uk/news/the-next-step-for-alphabets-nest-another-camera/

Good news, Microsoft is sort of replacing Skype's ancient Linux client with a web app:
http://www.pcworld.com/article/3095391/linux/microsoft-is-replacing-skype-s-ancient-linux-client-with-a-web-app-sort-of.html

Nintendo is releasing a miniature NES with 30 built-in games:
http://www.theverge.com/2016/7/14/12187296/nintendo-nes-classic-edition-announced-price-games

Valve cracks down on gambling sites after accusations of profiteering:
http://www.theverge.com/2016/7/14/12186584/valve-gambling-statement-counter-strike

Nissan semi-autonomous ProPilot takes a cautious approach to self-driving cars:
http://www.techtimes.com/articles/169852/20160714/nissan-semi-autonomous-propilot-takes-the-cautious-approach-to-self-driving-cars.htm

Tiny arms were more "common" than thought:
http://www.bbc.com/news/science-environment-36792553

Pack your skis?
http://www.space.com/33410-star-snow-line-seen-for-first-time.html

The CDC wants your semen:
http://www.cnn.com/2016/07/14/health/zika-semen-cdc/

Alzheimer's gene starts to show effects on brain as early as pre-school:
http://www.techtimes.com/articles/169783/20160714/alzheimers-gene-starts-to-show-effects-on-brain-as-early-as-preschool.htm


Today's Economic Calendar:
8:30 Initial Jobless Claims
8:30 Producer Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 Fed's Bullard speech
10:30 EIA Natural Gas Inventory
11:15 Fed's Lockhart speech
1:15 PM Fed's George: U.S. Economy
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
7:00 PM Fed's Kaplan: Monetary Policy


Notable earnings this afternoon after the bell: CIDM, PPHM, RECN, SLP, *KMI*

And tomorrow before the open: SVNLF, FBRC, ORKLY, PNC, SJR, *WFC*, *C*, *FHN*, *INFY*, *USB*, ATLKY, SGPRF

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