Apple Today - 2/04/2016 Ex-Div (AAPL)seymour_greenz February 4th 2016 10:53:42 AM
NASDAQ Futures are down 21 with -16 Fair Value, S&P Futures are down 10 with -8 Fair Value and Dow Futures are down 75 on this extraordinarily busy morning of economic data. Futures were "flying high" last night then took a tumble after 2am and are now pretty red as we head into the open.
Asian markets closed mostly up today. China ended up 1.53%, Hong Kong gained 1.01% and Japan lagged behind losing 0.85%. European markets are mixed today. The UK is currently up 0.52%, Germany is down 0.39% and France is near flat, down 0.05%.
Commodities are mixed this morning. Oil is down 0.22%, natural gas is down 1.52% and gold is up 0.54%. Unleaded gas is up 2.21% and heating oil is down 0.06%. Metals are up. Meat is up. Coffee, cocoa, corn, soybeans and wheat are up while cotton is down.
US jobless claims rise more than expected while US productivity fell at a sharp 3 percent rate in Q4.
In the earnings world, GoPro (GPRO) plunges down 14% to the lowest ever levels after reporting troubling earnings with a wider loss yesterday. On the other hand, Glu Mobile Inc. (GLUU) is up over 22% after reporting an earnings beat yesterday afternoon, thanks in part to profits from the Kardashian game and Taylor Swift partnership. Take-Two Interactive Software, Inc. (TTWO) is up 9% after announcing a Q3 beat and MannKind Corporation (MNKD) is down 6% after reporting yesterday.
Mostly rough sailing this morning as Polo Ralph Lauren Corporation (RL) announced that earnings fell 39% in Q3 and is down over 8% in pre-market. Credit Suisse Group AG (CS) is down over 12% after reporting a loss. ConocoPhillips (COP) is also down over 5% after posting a Q4 loss and a dividend cut. On the bright spot, Level 3 Communications, Inc. (LVLT) met Q4 earnings this morning and is up over 2%.
This afternoon after the bell, look out for earnings from AthenaHealth, Inc. (ATHN), Cardtronics, Inc. (CATM), Deckers Outdoor Corporation (DECK), DeVry Education Group Inc. (DV), Callaway Golf Company (ELY), Hanesbrands Inc. (HBI), Lions Gate Entertainment Corp. (LGF), LinkedIn (LNKD), Mettler Toledo International Inc. (MTD), NETGEAR, Inc. (NTGR), Pixelworks, Inc. (PXLW), Elizabeth Arden, Inc. (RDEN), Sierra Wireless, Inc. (SWIR) and Symantec Corporation (SYMC).
Tomorrow before the bell, The EstÃ©e Lauder Companies Inc. (EL), Moody's Corporation (MCO), Nippon Telegraph and Telephone Corporation (NTT), Tyson Foods Inc. (TSN) and Volvo AB ADR B (VOLVY) are expected to report.
AAPL had a strong day, bouncing back strong in late afternoon trading to end the day up 1.98%. AAPL opened a penny shy of 95 to moderate volume, peaked in the mid-95 area at 9:52am on moderate volume and quickly tumbled down to the mid-94 area on average volume, hitting a low of 94.08 at 10:38am on more average volume. After wallowing around the upper-94 area for the rest of the morning and early afternoon, AAPL became inspired to move at 2pm and popped up over 2 points to hit an intra-day peak of 96.84 on moderately high volume. AAPL settled back a little in the last 45 minutes to close the day up 1.87 at 96.35. AAPL lost 31 cents in after-hours to end at 96.04.
This morning in pre-market, despite subtracting the 52 cent dividend AAPL picked up near the after-hours close and made a brief attempt at 96.5 on low volume. As Futures worsened, AAPL dropped lower and appears threatening to give up yesterday's gains. AAPL dropped even further in late pre-market and hit a low of 95.05 at 8:53am on high volume. AAPL is currently down 1.02 cents at 95.33 as we approach the open.
Classic max-pain is 92.5. Today is ex-div.
US jobless claims rise more than expected:
US productivity fell at a sharp 3 percent rate in Q4:
Credit Suisse takes big loss on write-down in Q4:
ConocoPhillips cuts dividend, lowers budget as low crude weighs:
Ralph Lauren misses sales due to mild weather, fewer tourists:
Dunkin' US store sales be dunkin':
Kohl's cuts 2015 profit forecast:
Tax filing halted by IRS computer outage:
Hackers attack 20 million accounts on Alibaba's Taobao shopping site:
Everything Apple may announce next month:
iPad Air 3 in focus:
Apple patent hints at force-sensitive Touch ID button:
iPhone 7 camera rumors:
iPhone vs Android on software piracy:
Google tests self-driving cars under rainy, hilly conditions in Washington:
AI is transforming Google search and the web:
Google and Samsung at war over ads:
A smarter bathroom mirror:
Microsoft teases futuristic HoloLens-enhanced Super Bowl:
Microsoft Band 2 can now last longer:
3.57 degrees of Facebook separation:
Cisco, Jasper and the cloud:
Sony unveils impressive A6300 4k camera at $1k price tag:
Vaio's new Windows 10 smartphone means business:
Galaxy S7 and Galaxy S7 Edge tipster uncovers additional design details:
Is Fitbit getting fashionable?
Nasty eBay bug lingers:
Honda adds 2.2 million vehicles to Takata air bag recall:
Germany took big step toward nuclear fusion:
Is NASAâ€™s Mars mission in critical need of a plan?
Pluto's atmosphere is blue:
Our ancestors feasted on tortoise:
Jurassic "butterflies" predated true butterflies by 50 million years:
Meet a deep-sea "purple sock":
Drawing the line on gene-editing:
Brazil confirms Zika infection from blood transfusion:
Healthy lifestyle changes will combat prediabetes:
Boosting life span by clearing cellular clutter:
Moonshots, cancer and your "inner astronaut":
The "chicken nuggets diet"?
Today's Economic Calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
8:30 Productivity and Costs
8:30 Gallup Good Jobs Rate
9:45 Bloomberg Consumer Comfort Index
10:00 Factory Orders
10:30 EIA Natural Gas Inventory
4:30 Money Supply
4:30 Fed Balance Sheet
Notable earnings after today's close: ACET, ACXM, AEMD, AHL, AIV, ASYS, *ATHN*, ATR, BMI, CAC, *CATM*, CLCT, COVS, CRDC, CTRL, DATA, DCT, *DECK*, *DV*, ECHO, ECOM, EDE, EGAN, EGOV, *ELY*, ENVA, ESL, ESS, FLDM, FLT, G, GMICF, GNW, *HBI*, HIG, IBA, IMI, IPHI, KMPR, KRG, *LGF*, LITE, *LNKD*, LPTH, LRAD, MFLX, MOBAF, MOBL, MPWR, *MTD*, MTX, NEWR, NSR, *NTGR*, NWSA, OCLS, OMCL, OUTR, PCTY, PDM, PFLT, PKI, POST, POWI, PPS, *PXLW*, QRVO, *RDEN*, RNG, SIGI, SKYW, SPAN, SQI, SRCL, SSD, *SWIR*, *SYMC*, THG, TSU, TTMI, UBNT, UEPS, UQM, UTI, VVI, WAIR, WSTG, YRCW
And tomorrow before the open: AME, AON, BECN, BNPZY, BOTA, BPY, BRGYY, CME, *EL*, ES, HRG, IRMD, *MCO*, MINI, NFG, NKRKF, *NTT*, SAIA, SXT, *TSN*, UFS, UMICF, USG, *VOLVY*, WETF, WY