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Apple Today - 7/19/2016 (AAPL)

seymour_greenz • July 19th 2016 09:31:40 AM

Good Morning,

NASDAQ Futures are down 11 with -15 Fair Value, S&P Futures are down 4 with -5 Fair Value and Dow Futures are flat on this very busy earnings Tuesday as we recover from a very tragic axe attack on a German train in Wurzburg and a devastating Netflix subscriber miss. Futures were down in early morning and slid to lows at 4am but have since recovered from the lows as we await the open.

Asian markets ended mixed. China dropped 0.23%, Hong Kong fell 0.60% and Japan gained 1.37%. European markets are down. The UK is down 0.19%, France is down 0.80% and Germany is leading the decline, down 1.03%.

Commodities are mixed this morning. Oil is up 0.66%, natural gas is up 2.02% and gold is up 0.29%. Unleaded gas is up 0.43% and heating oil is up 1.84%. Metals are mixed, gold and copper are up while silver and platinum are down. Meat is mostly up. Cocoa and cotton are up while corn, wheat, soybeans and coffee are down.

ISIS claims responsibility for axe attack on German train. Brexit throws "spanner in the works" of global growth.

International Business Machines Corporation (IBM) reported Q2 earnings yesterday afternoon with mixed but optimistic results and is up nearly 1.5% in pre-market. Netflix, Inc. (NFLX) announced Q2 earnings beating estimates but getting punished for falling short on new subscribers and down nearly 13%. Rambus, Inc. (RMBS) reported a profitable Q2 but is down nearly 2.5%. VMware, Inc. (VMW) announced Q2 earnings that topped forecasts and is up nearly 9%. Yahoo! Inc. (YHOO) reported mixed Q2 results with a huge $440 million loss but a revenue beat is down nearly 0.5%.

TD Ameritrade Holding Corporation (AMTD) reported Q3 earnings that beat expectations and is up over 1% in pre-market. Goldman Sachs Group Inc. (GS) announced Q2 earnings with strong bond revenue and is down nearly 1%. Johnson & Johnson (JNJ) reported Q2 earnings with a profit drop but topping expectations and is up over 2%. Philip Morris International Inc. (PM) announced Q2 results that missed expectations and is down nearly 2.5%. UnitedHealth Group Inc. (UNH) reported Q2 earnings that topped expectations and is down slightly in pre-market. LM Ericsson Telephone Company (ERIC) announced Q2 earnings that missed expectations and is down over 4%. Novartis AG (NVS) reporte Q2 earnings that beat forecasts and is down over 1%. Lockheed Martin (LMT) beat Q2 expectations and is up over 1%.

This afternoon after the bell, look out for earnings from Blackhawk Network Holdings, Inc. (HAWK), Cintas Corporation (CTAS), Discover Financial Services (DFS), Interactive Brokers Group, Inc. (IBKR) and Microsoft Corporation (MSFT).

Tomorrow morning, Abbott Laboratories (ABT), Tupperware Brands Corporation (TUP), Halliburton Company (HAL) and Morgan Stanley (MS) are expected to report.

AAPL had another strong day, revving the engine up 1.06% more on a bit lower than average volume. AAPL opened at 98.70 to high volume and immediately set an intra-day low of 98.60 on high volume before jetting up to the centenary-zone on moderate volume. AAPL peaked at 100.13 at 11:18am on moderate volume and then slipped below 100 for lunch and then held onto the upper-99 area pretty well during the afternoon with just a brief 2pm dip headed towards the mid-99 area that quickly bounced back. AAPL ended the day up 1.05 at 99.83 and lost a nickle in after-hours to 99.78.

This morning in pre-market, AAPL opened up lower in the 99.25-area, perhaps in tech sympathy with the crushed NFLX, and gravitated back to the mid-99 area over the morning. AAPL is currently down 32 cents at 99.51 as we approach the open.


Classic max-pain is 97.5. Pray for those injured in the assault on the train in Wurzburg.


ISIS claims responsibility for axe attack on German train:
http://www.nytimes.com/2016/07/20/world/europe/germany-train-ax-attack.html

Brexit throws "spanner in the works" of global growth:
http://www.bbc.com/news/business-36834977

Housing starts and permits grew in June:
http://www.usatoday.com/story/money/business/2016/07/19/housing-homes-construction-economy-realestate/87269710/

Yahoo revenue falls 15% and profit drops 64%:
http://www.nytimes.com/2016/07/19/technology/yahoo-revenue-falls-15-percent-and-profit-drops-64-percent.html

Apple issues iOS 10 beta 3 for developers, here's everything new:
http://9to5mac.com/2016/07/18/ios-10-beta-3/

iTunes Match soon coming to all Apple Music subscribers:
http://www.cnet.com/news/itunes-match-soon-coming-to-all-apple-music-subscribers/

Government requests for Google user data hit all-time high in second half of 2015:
http://www.zdnet.com/article/google-government-requests-for-user-data-hit-all-time-high-in-second-half-of-2015/

Microsoft confirms 2 TB Xbox One S release on Aug. 2:
http://www.techtimes.com/articles/170358/20160719/microsoft-confirms-2-tb-xbox-one-s-release-on-aug-2-other-versions-still-pending.htm

Seagate unveils massive 10TB hard drives to meet all storage needs:
http://www.cnet.com/news/seagate-unveils-massive-10tb-hard-drives-to-meet-all-storage-needs/

Nintendo rally sees its market value soar past Sony:
http://www.bbc.com/news/business-36833916

World's smallest hard drive writes data atom-by-atom:
http://www.ibtimes.com/worlds-smallest-hard-drive-writes-data-atom-atom-2392709

Unusual US Zika virus case baffles experts:
http://www.bbc.com/news/health-36833321


Today's Economic Calendar:
8:30 Housing Starts
8:55 Redbook Chain Store Sales


Notable earnings this afternoon after the bell: PZN, HLX, *HAWK*, *CTAS*, PNFP, WTFC, *DFS*, FMBI, FULT, *IBKR*, ISRG, LTXB, MANH, NAVI, UBNK, UCFC, WSBC, EXPO, RLI, *MSFT*, RNST, AWH

And tomorrow before the open: MDSO, WBC, JAKK, IBDSF, SCL, MTB, EDU, NTRS, WBS, *ABT*, APH, ASML, BABY, BKU, CP, ITW, OKSB, PPBI, SAP, SBNY, STJ, TEL, *TUP*, PII, UAL, SIFY, DHIL, NRDEF, ELUXF, FOJCF, *HAL*, AKG, CLPI, *MS*


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