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Apple Today - 7/252016 (AAPL)

seymour_greenz • July 25th 2016 09:30:01 AM

Good Morning,

NASDAQ Futures are up 1 with -1 Fair Value, S&P Futures are up 2 with flat Fair Value and Dow Futures are up 13 as we return to the earnings extravaganza. Futures were down slightly in early morning then turned positive at 4am, peaking just over 30 minutes later and have been struggling to stay green since but are still up as we await the open.

Asian markets ended down. China dropped 0.76%, Hong Kong dropped 0.03% and Japan led the decline, down 1.13%. European markets are mostly up. The UK is flat, France is up 0.72% and Germany is leading the advance, up 0.80%.

Commodities are mixed this morning. Oil is down 1.00%, natural gas is up 0.61% and gold is down 0.48%. Unleaded gas is down 1.15% and heating oil is down 0.61%. Metals are down except copper. Meats are up strong. Cocoa, corn, wheat and soybeans are up while coffee and cotton are down.

Oil prices slide on oversupply, economic headwinds. Yahoo to sell web assets to Verizon for $4.8 billion. Japan stocks retreat before BOJ policy meeting.

This afternoon after the bell, look out for earnings from GigOptix, Inc. (GIG), Express Scripts, Inc. (ESRX), Box (BOX), Las Vegas Sands Corp. (LVS) and Texas Instruments Inc. (TXN).

Tomorrow morning, Centene Corporation (CNC), Fidelity National Information Services, Inc. (FIS), Capella Education Company (CPLA), Nielsen Holdings N.V. (NLSN), Mobileye (MBLY), Under Armour, Inc. (UA), Verizon Communications (VZ), Caterpillar Inc. (CAT), McDonald's Corporation (MCD), Baxter International Inc (BAX), JetBlue Airways Corporation (JBLU), Janus Capital Group Inc. (JNS), 3M Company (MMM), Avery Dennison Corporation (AVY), Sirius XM Holdings Inc. (SIRI), Time Warner Cable Inc. (TWC) and Valero Energy Corporation (VLO) are expected to report.


Despite a lot of milling around 100, AAPL wound up with a fairly flat week, ending down 0.12% on low volume. On Monday, AAPL revved its engine from upper-98 to 100 and held the upper-99 area on mild volume. On Tuesday, AAPL bobbed just under the 100 water line in a narrow range, dipping to mid-99 and back to upper-99 on low volume. On Wednesday, AAPL opened strong and touched the mid-100 area before clouds appeared sending AAPL dipping into the upper-99 area on low volume. On Thursday, AAPL zapped up all the way to 101 before fizzling out and ending down in the mid-99 area on mild volume. On Friday, AAPL opened at 99.26 to strong volume and immediately set an intra-day high of 99.30 on strong volume before taking a sharp dip to 98.31 at 9:44am on moderate volume. AAPL quickly bounced back to 99 and put up a fight in the upper-98 area for the rest of the morning on low volume before 1pm when AAPL settled down and gently drifted towards 98.5 on low volume into the close. AAPL ended the OPEX day down 77 cents at 98.66 and dropped 28 additional cents in after-hours to 98.38

This morning in pre-market, AAPL opened up at 98.66 and soon gravitated towards the mid-98 area, later dipping below that mark in a struggle to hold 98.5. AAPL is currently down 30 cents at 98.36 as we approach the open.


Classic max-pain is 97.


Wall Street set to open flat as earnings roll in:
http://www.reuters.com/article/us-usa-stocks-idUSKCN105193

Oil prices slide on oversupply, economic headwinds:
http://in.reuters.com/article/global-oil-idINKCN105071

Yellen still waiting for overwhelming evidence to warrant hike:
http://www.bloomberg.com/news/articles/2016-07-25/yellen-still-waiting-for-overwhelming-evidence-to-warrant-hike

Yahoo to sell web assets to Verizon for $4.8 billion:
http://www.bloomberg.com/news/articles/2016-07-25/yahoo-agrees-to-sell-web-assets-to-verizon-for-4-8-billion

Japan stocks retreat before BOJ policy meeting, Nintendo plunges:
http://www.bloomberg.com/news/articles/2016-07-25/japanese-shares-advance-as-investors-await-boj-policy-decision

iPhone 7 and 7 Plus launch predicted to be week of September 12th:
http://www.macrumors.com/2016/07/23/iphone-7-launch-week-of-september-12th/

Windows 10 Anniversary Update review, Cortana, Edge overshadow Windows Ink:
http://www.pcworld.com/article/3099199/windows/windows-10-anniversary-update-review-cortana-edge-overshadow-windows-ink.html

"Gears Of War 4" For PC will be far more than a port:
http://www.techtimes.com/articles/171187/20160724/gears-of-war-4-for-pc-will-not-be-a-simple-xbox-one-port-dynamic-resolution-benchmarking-mode-and-more.htm

Ransomware advice service to tackle extortion gangs:
http://www.bbc.com/news/technology-36883056

Gorilla Glass 5 hopes to end the days of cracked phone screens:
http://www.irishexaminer.com/examviral/technology-and-gaming/gorilla-glass-5-hopes-to-end-the-days-of-cracked-phone-screens-412272.html

Samsung is working on wireless chargers:
http://www.techtimes.com/articles/171218/20160725/samsung-is-working-on-wireless-chargers-three-new-designs-surface-on-patents.htm

Moto E3 leaks:
http://www.techtimes.com/articles/171236/20160725/moto-e3-press-images-get-leaked-along-with-more-details.htm

What makes Teslas so special?
http://www.csmonitor.com/Business/Saving-Money/2016/0724/What-makes-Teslas-so-special

Tiny shape-shifting microrobots could perform the next generation of operations:
http://www.huffingtonpost.co.uk/entry/tiny-shape-shifting-microrobots-next-generation-operations_uk_5795d10de4b06d7c426d114f

Personality change may be early sign of dementia:
http://www.nytimes.com/2016/07/26/health/alzheimers-checklist-mild-behavioral-impairment.html?_r=0


Today's Economic Calendar:
10:30 Dallas Fed Manufacturing Survey
1:00 PM Results of $26B, 2-Year Note Auction


Notable earnings this afternoon after the bell: MPWR, TSU, ALIAF, BRX, CMP, *GIG*, APAM, *ESRX*, HSTM, CHE, GOOD, ACC, PEB, SPN, HSII, HF, CLGX, ADC, SSW, SMSI, *BOX*, CE, EFII, *LVS*, BHLB, CDNS, CNI, CNXC, CR, CSFL, FBP, FIBK, HMST, HTLF, IBTX, JJSF, RE, SANM, VASC, PREKF, WRB, WASH, AVB, CRY, *TXN*, GILD, GRAM

And tomorrow before the open: CAC, IBA, USG, *CNC*, CYNO, *FIS*, LPT, MAS, GPK, RDY, AXTA, DTE, EEFT, *CPLA*, KKR, NCI, *NLSN*, OUTKF, RAI, TOWR, SIR, BLX, DGICA, CETV, ICLR, ASTE, CTG, FELE, GKNCF, MDXG, SAH, TNC, WWW, CNV, EXAS, *MBLY*, FCH, RDHL, ACW, OMAB, NEO, PRGX, ALARF, LVMHF, FURCF, CHKP, AEXAF, KEY, *UA*, *VZ*, *CAT*, *MCD*, ABG, AHGP, AKS, ALLY, ARLP, ATI, AXE, *BAX*, BEAV, BP, CIGI, CNX, DD, FBC, FCX, FMER, FRME, HUBB, HZO, INGIY, *JBLU*, *JNS*, LLY, *MMM*, NORD, ORAN, PCAR, PCH, PEBO, PROV, ST, UPMKF, WAT, WDR, DHIFF, AOS, *AVY*, CSL, TGNA, UTX, *SIRI*, KRC, *TWC*, XRS, CNHI, AUDC, CVLT, RDWR, SNBC, *VLO*, WJAFF, SGGEF, IX, BPOP, FNLC, FRAF, KIROY, LLTHF, OSB

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