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Apple Today - 9/27/2016 (AAPL)

seymour_greenz • September 27th 2016 09:35:34 AM

Good Morning,

NASDAQ Futures are up 9 with +14 Fair Value, S&P Futures are up 4 with +5 Fair Value and Dow Futures are up 28 as the 1st Presidential Debate meets expectations and sparks much analysis and further discussion. This Tuesday also brings a busy economic calendar and a few notable earnings, including Nike Inc. (NKE) and BlackBerry Ltd. (BBRY) in the queue. Futures were up strong in early morning but have declined to lows shortly after 5am before bouncing slightly, still in positive territory but near the lows as we approach the open.

Asian markets ended up. China went up 0.60%, Japan gained 0.84% and Hong Kong led the advance, up 1.09%. European markets are down. The UK is down 0.45%, France is down 0.51% and Germany is leading the decline, down 0.95%.

Commodities are mixed this morning. Oil is down 1.76%, natural gas is down 0.17% and gold is down 0.35%. Unleaded gas is down 2.05% and heating oil is up 1.95%. Metals are down. Meat is down. Cocoa, cotton, corn, wheat and soybeans are up while coffee is down.

WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call. European stocks slide. Saudis, Iran dash hopes for OPEC oil deal in Algeria. China industrial profits rise most in three years as economy shows signs of stabilizing.

FactSet Research Systems Inc. (FDS) reported Q4 results this morning with adjusted earnings of $1.69 per share that wasn't quite good enough, missing expectations and is down over 0.5% in pre-market.

This afternoon after the bell, look out for earnings from Cintas Corporation (CTAS) and Nike Inc. (NKE).

Tomorrow morning before the open, BlackBerry Ltd. (BBRY) and Paychex, Inc. (PAYX) are expected to report.

After Friday's big waterfall, AAPL initially hit the 111 riverbed pretty hard but managed to splash back up 0.15% on low volume ahead of the 1st Presidential Debate. AAPL opened down at 111.64 to high volume and immediately set a low of 111.55 on high volume before swimming back up to green within 15 minutes on high volume and 113 before 10am on moderate volume. AAPL went on to set an intra-day high of 113.39 at 10:14am on moderate volume before easing back to 113 by 11am on mild volume. AAPL spent the next 5 hours - the rest of the day in a narrow range in the 113 and upper-112 area on very low volume and ended the day up 17 cents at 112.88. AAPL gained 5 cents in after-hours to 112.93.

This morning in pre-market, AAPL opened higher at 113.5 in conjunction with Futures and then gravitated towards 113 later in the morning. After 6:45am, AAPL got a second wind and dashed to mid-113 again at 7:42am on high volume but was swatted back to dip to a low of 112.65 shortly after. AAPL bounced back towards the low-113 area and is currently up 12 cents at 113 as we approach the open.


Classic max-pain is 112.


WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call:
http://www.reuters.com/article/us-trade-wto-idUSKCN11X0HB

European stocks slide:
http://www.usnews.com/news/business/articles/2016-09-27/asian-stocks-mixed-as-traders-follow-us-presidential-debate

Saudis, Iran dash hopes for OPEC oil deal in Algeria:
http://www.reuters.com/article/us-opec-meeting-saudi-idUSKCN11X0LL

China industrial profits rise most in three years as economy shows signs of stabilizing
http://www.reuters.com/article/us-china-economy-industrial-profits-idUSKCN11X08W

US new home sales fall in August but trend still positive:
http://www.reuters.com/article/us-usa-economy-idUSKCN11W1KH

Disney's rumored Twitter bid raises doubts:
http://www.latimes.com/business/technology/la-fi-tn-disney-twitter-20160926-snap-story.html

Is anyone really drilling earphone jacks into their iPhone?
http://www.bbc.com/news/technology-37480694

China's Xiaomi guns for Apple with latest premium smartphone:
http://www.bloomberg.com/news/articles/2016-09-27/china-s-xiaomi-guns-for-apple-with-latest-tricked-out-smartphone

Happy birthday, Google:
http://www.theverge.com/2016/9/27/13071302/googles-18th-birthday-indispensable

Germany orders Facebook to stop collecting data on WhatsApp users:
http://www.theverge.com/2016/9/27/13071330/facebook-whatsapp-user-data-germany-privacy

Microsoft goes AI crazy:
http://www.zdnet.com/article/microsoft-goes-ai-crazy-now-office-365-can-track-what-you-really-get-up-to-in-meetings/

Windows 10 will soon run Edge in a virtual machine to keep you safe:
http://arstechnica.com/information-technology/2016/09/windows-10-will-soon-run-edge-in-a-virtual-machine-to-keep-you-safe/

Samsung says only 60% of Galaxy Note 7 phones have been replaced in US and Korea:
http://www.theverge.com/2016/9/27/13071094/samsung-note-7-exchange-60-percent-us-korea-slow

Even if you don't use Yahoo, you're probably still at risk from its hack:
http://qz.com/791186/password-reuse-yahoo-yhoo-hack-weakens-everyones-security/

Oculus developers halt games for VR because of Luckey:
http://www.theregister.co.uk/2016/09/26/oculus_developers_luckey_palmer/

Is Snapchat crazy?
http://www.cnet.com/uk/products/snapchat-spectacles/preview/

NASA presents new evidence of water plumes on Europa:
http://www.upi.com/Science_News/2016/09/26/NASA-presents-new-evidence-of-water-plumes-on-Europa/4841474913461/?spt=hs&or=sn

Elon Musk has a lot to prove at today’s Mars colonization announcement:
http://www.theverge.com/2016/9/27/13024542/elon-musk-spacex-mission-to-mars-preview-budget-schedule-nasa

Black Moon 2016:
https://weather.com/science/space/news/black-moon-2016

Global warming is real, but 13 degrees?
http://news.nationalgeographic.com/2016/09/global-warming-study-13-degrees-is-wrong-climate-change/

Polluted air affects 92% of global population, says WHO:
http://www.bbc.com/news/health-37483616

A health benefit of roller coasters:
http://www.theatlantic.com/health/archive/2016/09/for-kidney-health-roller-coaster-therapy/501278/


Today's Economic Calendar:
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
9:45 PMI Services Index Flash
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
11:15 Stanley Fischer speech
1:00 PM Results of $34B, 5-Year Note Auction


Notable earnings this afternoon after the bell: *CTAS*, *NKE*, LNDC

And tomorrow before the open: FGP, ATU, AGFMF, *BBRY*, CCCL, JSNSF, DHXM, *PAYX*, SMGKF

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