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Apple Today - 8/08/2016 (AAPL)

seymour_greenz • August 8th 2016 09:29:35 AM

Good Morning,

Welcome back. NASDAQ Futures are up 9 with +4 Fair Value, S&P Futures are up 3 with +1 Fair Value and Dow Futures are up 26 as we begin our 2nd week of August with a bunch more earnings over the next 24 hours. Futures were up in early morning and reached a peak just before 5am and have pulled back a bit from the highs as we await the open.

Asian markets ended up strong. China gained 0.93%, Hong Kong went up 1.57% and Japan led the advance, up 2.44%. European markets are mixed. The UK is down 0.07%, Germany is up 0.73% and France is leading the advance, up 0.31%.

Commodities are mixed this morning. Oil is up +1.79%, natural gas is down 1.26% and gold is down 0.42%. Unleaded gas is up 1.14% and heating oil is up 1.89%. Metals are mixed, gold and silver are down while platinum and copper are up. Meat is mostly up. Cocoa, coffee, corn, wheat and soybeans are up while cotton is down.

OPEC plans informal talks next month, sees oil dip as temporary. Chinese trade drop adds to global economic woes.

Horizon Pharma plc (HZNP) reported Q2 earnings that beat expectations earning an upgrade from Morgan Stanley and is up nearly 7% in pre-market. Inovio Pharmaceuticals, Inc. (INO) reported a Q2 loss that met expectations and is up over 1%.

This afternoon after the bell, look out for earnings from News Corporation (NWSA), Delta Apparel, Inc (DLA), Nuance Communications, Inc. (NUAN), LendingClub Corporation (LC), Rackspace Hosting, Inc. (RAX), MannKind Corporation (MNKD), EarthLink, Inc. (ELNK), WebMD Health Corp (WBMD), Hertz Global Holdings, Inc. (HTZ), Weibo Corporation (WB), U.S. Auto Parts Network, Inc. (PRTS) and Vericel Corporation (VCEL).

Tomorrow morning before the open, Monster Worldwide, Inc. (MWW), WhiteWave Foods (WWAV), Red Robin Gourmet Burgers, Inc. (RRGB), Lamar Advertising Company (LAMR), EchoStar Corporation (SATS), Wayfair (W), NRG Energy, Inc. (NRG), Tribune Media Company (TRCO), Valeant Pharmaceuticals International, Inc. (VRX), Coach, Inc. (COH) and Cheniere Energy, Inc (LNG) are expected to report.

AAPL had a key lime "Pi" of a week last week, up 3.14% on mild volume. On Monday, AAPL kicked off the month and week up from the mid-104 area and ran up through green fields to 106 on average volume. On Tuesday, AAPL bobbed down, dipping below 105 to 104 and back up to mid-104 on lower than average volume. On Wednesday before Ex-Div, AAPL coasted up and around the mid-105 area and scraped the upper-105 area, all on low volume. On Thursday Ex-Div, AAPL steadfastly held the upper 105-area, ending in the green despite distributing another $3 billion to shareholders. On Friday, AAPL landed the OPEX chopper up 1.56% on slightly lower than average volume. AAPL opened by breaking above 106 at 106.21 to high volume, immediately setting a low of 106.18 on high volume. AAPL and overtook 107 by 10am on heavy volume. AAPL continued into the mid-107 area by lunchtime and set an intra-day high of 107.65 at 2:01pm on moderate volume. Despite the usual OPEX selloff-type reaction, AAPL held on fairly strong into the close. AAPL ended the day up 1.65 at 107.52 and gained 2 cents in after-hours to 107.54.

This morning in pre-market, AAPL opened higher in conjunction with Futures with an eye on 108 and hit 107.92 at 6:35am before retreating slightly. AAPL is currently up 25 cents at 107.73 as we approach the open.


Classic max-pain is 105.

OPEC plans informal talks next month, sees oil dip as temporary:
http://www.bloomberg.com/news/articles/2016-08-08/opec-plans-informal-talks-next-month-sees-temporary-dip-in-oil

Chinese trade drop adds to global economic woes
http://www.bbc.com/news/business-37006911

Asian stocks jump to 1-year highs as yield hunt spreads:
http://www.reuters.com/article/global-markets-idUSL4N1AP02I

German industry output rises as factories shrug off Brexit woes:
http://www.bloomberg.com/news/articles/2016-08-08/german-industry-output-rises-as-factories-shrug-off-brexit-woes

Passengers temporarily stranded after Delta flights grounded worldwide:
http://www.usatoday.com/story/news/nation/2016/08/08/passengers-stranded-after-all-delta-flights-grounded/88385034/

New iPhone to have dual cameras but no headphone jack:
http://www.bloomberg.com/news/articles/2016-08-08/new-iphone-said-to-have-dual-camera-pressure-sensitive-button

Apple buys a machine-learning startup for a reported $200 million:
http://fortune.com/2016/08/08/apple-machine-learning-turi/

Apple Watch 2 with GPS and better processor coming this year:
http://www.cnet.com/news/apple-watch-2-gps-better-processor-coming-2016-says-analyst-ming-chi-kuo/

Microsoft says it has 2 big Windows 10 updates planned for 2017:
http://www.theverge.com/2016/8/5/12385240/microsoft-windows-10-redstone-updates-2017

New spyware detected targeting firms in Russia, China:
http://www.reuters.com/article/us-cyber-spying-idUSKCN10J18I

Will humans or bots rule cybersecurity?
http://www.wired.com/2016/08/will-humans-bots-rule-cybersecurity-answer-yes/

Nissan could stop making electric car batteries:
http://www.techtimes.com/articles/172866/20160808/nissan-could-stop-making-electric-car-batteries-reportedly-selling-battery-business-to-panasonic.htm

RIP new particle, RIP:
https://www.newscientist.com/article/2100075-physicists-mourn-as-hinted-particle-vanishes-in-leaked-lhc-data/

Dyson sphere found?
http://www.popularmechanics.com/space/deep-space/a22220/alien-superstructure-tabbys-star/
https://en.wikipedia.org/wiki/Dyson_sphere

Another reason to hit the bricks:
https://ajp.com.au/news/obesity-ages-brain-faster/


Today's Economic Calendar:
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX


Notable earnings this afternoon after the bell: IPHI, *NWSA*, MODN, PKY, BKD, CSWC, *DLA*, ENTA, MXL, OTTR, ASFI, VTTI, CSC, LDR, MTSC, *NUAN*, IFF, PRI, *LC*, NILE, CTRE, DVA, EGN, EMRAF, CAI, *RAX*, *MNKD*, CSLT, *ELNK*, ONDK, ROG, SHO, SREV, CVG, *WBMD*, PHH, RSPP, CLDX, AT, CLVS, ENV, MAIN, NATR, NCMI, PRAA, RARE, PNM, ENDP, *HTZ*, PARR, ARNA, FGEN, JPEP, KITE, MBI, NVGS, NVRO, OPK, RMTI, RNET, TUBE, ZLTQ, LXU, NPTN, CPE, DTSI, KIN, SINA, *WB*, ENT, FATE, HIIQ, FSM, AMID, CTT, NEWT, ATSG, *PRTS*, FTPLF, TBPH, FNV, *VCEL*, AMPH, ARTX, BLCM, CCXI, CUI, EGY, ERN, PFSW, TPVG, GAIA, OPRX, REI, WYY, SMTX, BWXT, CC, MCHP, MTW, PNNT, TCPTF, APLE, BOJA, BAP, RWT, AGRX, APPF, ARDX, BSM, CNXR, GRBK, NVTA, PGNPQ, TIER, TISI, ICUI, MRCC, PME, RPD, AXDX, CFMS, MIME, QTNT, GIGA, DRYS, EGLE, IDI, RDI, TVIA

And tomorrow before the open: HRG, NKRKF, HCP, MCC, ACM, AEY, AMSC, FSC, LABL, MPAA, STE, TDG, BERY, GWPH, INCY, *MWW*, PNK, TGH, *WWAV*, EMCI, *RRGB*, GNMSF, AMAG, ENZY, TAC, VPG, IPXL, PDCE, AER, ALQA, *LAMR*, LXP, NCLH, SNI, SOHO, CNK, HPT, SAGE, *SATS*, CORE, EGRX, IONS, NXST, *W*, ZBRA, RBA, CLNY, FOLD, PMC, *NRG*, SYNL, TCPC, *TRCO*, CNCE, FSTR, OSGB, TESO, TRLPF, AMRC, SSH, TAST, ATRS, BITA, NCT, LGIH, AGM, BDSI, CRME, HWCC, NEON, OCUL, LCUT, VICL, ARLZ, HCAP, TTNP, VRTV, *VRX*, DSCI, TIPT, DQ, *COH*, GLPI, AMFW, LRN, HHS, *LNG*, CHTR, PPL, WAC, UNVR, BR, IOTS, JEC, NYLD, TLP, SIEN, EXC, AGFS, ARES, BPMC, CAS, CECE, EVEP, KNDI, LNCE, RDNT, RMR, HEAR, HNR, ESVIF, JGWE, MURGY, NXEO, PKOH, PNDZF, PRPH, SLFPF, VRTU

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