Apple Today - 2/08/2016 (AAPL)
seymour_greenz • February 8th 2016 10:55:45 AM
Good Morning,
Sadly, NASDAQ Futures are down 92 with -88 Fair Value, S&P Futures are down 28 with -27 Fair Value and Dow Futures are down 227 on this brutal Monday kicking off a busy economic week, complete with Yellen speaking, quite possibly on rates, on Wednesday and Thursday. Futures were solid green in early morning and "dropped off a cliff" at 3am, continuing Friday's punishing selloff.
Asian markets closed up today, though China and Hong Kong are closed for the Chinese New Year. Japan gained 1.10%. European markets are down sharply today. The UK is currently down 1.90%, Germany is down 2.70% and France is leading the decline, down 3.04%.
Commodities are mixed this morning. Oil is down 3.37%, natural gas is up 4.12% and gold is up 1.93%. Unleaded gas is down 3.02% and heating oil is down 0.73%. Metals are up except copper. Meat is mostly down. Cotton and cocoa are up while coffee, corn, wheat and soybeans are down.
US stocks open lower, oil prices slide on supply, energy sector s(t)inks.
Toy manufacturer Hasbro, Inc. (HAS) is up slightly after reporting an earnings beat and a dividend raise this morning among chatter of a merger with rival Mattel (MAT). On the other hand, Loews Corporation (L) is down over 4% on lower net income, though the stock is bouncing from being down nearly twice as much earlier.
This afternoon after the bell, look out for Delta Apparel, Inc (DLA), Twenty-First Century Fox, Inc. (FOXA), GigOptix, Inc. (GIG) and Yelp (YELP).
Tomorrow before the bell, CDW Corporation (CDW), CVS Health Corporation (CVS), Goodyear Tire & Rubber Co. (GT), Ingersoll-Rand plc (IR), The Coca-Cola Company (KO), Omnicom Group Inc. (OMC), WellCare Health Plans, Inc. (WCG) and Wyndham Worldwide Corporation (WYN) are expected to report.
Aside from the 0.52 dividend event, AAPL had rather uneventful week until getting hit particularly hard on Friday and ending the week down 3.41%, with the lion's share of the drop, 2.67%, occurring on Friday. AAPL started the week around 96, dipped to 94 on Tuesday and Wednesday, recovering well Wednesday afternoon before ex-div. On ex-div Thursday, AAPL surprised by breaking 97 and held pretty well with a mid-96 area close. Friday opened to 96.51 on moderate volume, saw a brief spike to the intra-day high of 96.92 then a treacherous drop that dragged out all day and tested 93 with a low of 93.69 on high volume within minutes of the close. AAPL ended the day down 2.58 to 94.02. AAPL dropped an additional 7 cents in after-hours to end at 93.95.
This morning in pre-market, AAPL opened up slightly lower at 93.81 on low volume and then dipped lower in conjunction with souring Futures, hitting a low of 92.05 at 7:24am on relatively high volume. AAPL has since bounced back towards 93 and is currently down 1.02 at 93 as we approach the open.
Classic max-pain is 92.
Oil prices slide on supply:
http://www.reuters.com/article/us-global-oil-idUSKCN0VH03B
India sees growth:
http://www.bloomberg.com/news/articles/2016-02-08/india-sees-growth-exceeding-estimates-as-modi-prepares-budget
Star Wars fuels Hasbro’s Q4 growth:
http://www.bloomberg.com/news/articles/2016-02-08/hasbro-earnings-top-estimates-after-star-wars-helps-fuel-sales
Diamond Offshore Q4 earnings and revenue beats:
http://www.nasdaq.com/article/diamond-offshore-q4-earnings-and-revenue-beat-estimates-cm576166
Apple may soon open India stores:
http://www.bloomberg.com/news/articles/2016-02-07/apple-said-to-be-on-course-for-approval-to-open-stores-in-india
Tim Cook's iPhone reign:
http://appleinsider.com/articles/16/02/07/apple-inc-ceo-tim-cooks-piqued-peek-at-peak-iphone
iPad Air 3 report:
http://www.zdnet.com/article/ipad-air-3-will-reportedly-feature-smart-connector-for-accessories-no-3d-touch/
Apple vs Alphabet:
http://www.usatoday.com/story/money/markets/2016/02/08/apple-alphabet-make-your-no-1/79821096/
Google's push into VR:
http://www.cnet.com/uk/news/google-said-to-be-prepping-new-vr-headset-without-the-cardboard/
Facebook loses key India battle:
http://www.nytimes.com/2016/02/09/business/facebook-loses-a-battle-in-india-over-its-free-basics-program.html
Max’s Chinese name is Chen Mingy:
http://fortune.com/2016/02/08/facebook-zuckerberg-daughter/
Twitter, times are a changin':
http://www.bbc.com/news/technology-35520820
This Lumia 950 brings the bling:
http://www.techtimes.com/articles/131578/20160208/this-limited-edition-lumia-950-comes-with-enough-bling-diamond-gold-and-2-135-price-tag.htm
Taco Bell's "cheesy" furniture surprise:
http://www.cleveland.com/entertainment/index.ssf/2016/02/norton_furnitures_super_bowl_c.html
University of Phoenix to be taken private:
http://www.nytimes.com/2016/02/09/business/dealbook/apollo-education-group-university-of-phoenix-owner-to-be-taken-private.html
Quicken's "Rocket Mortgage" Super Bowl ad sparks backlash:
http://money.cnn.com/2016/02/07/media/quicken-loans-super-bowl-mortgage-ad/index.html?iid=hp-stack-dom
1st ever Ultra HD 4K Blu-ray player has gone on sale:
http://www.theverge.com/2016/2/8/10936792/uhd-4k-blu-ray-samsung-player-on-sale
Logitech has quietly become a big player in videoconferencing:
http://www.fastcompany.com/3056435/logitech-has-quietly-become-a-big-deal-in-videoconferencing
VW open to trucks IPO:
http://www.bloomberg.com/news/articles/2016-02-08/vw-trucks-chief-open-to-ipo-acquisitions-in-expansion-strategy
After huge loss, Credit Suisse CEO asks for bonus cut:
http://www.nytimes.com/2016/02/08/business/dealbook/credit-suisse-ceo-asks-for-a-cut-in-his-bonus.html
Take a nostalgic trip to the Malware Museum:
http://www.zdnet.com/article/want-to-experience-ms-dos-malware-go-to-the-malware-museum/
Early human ancestor lacked the jaws of a nutcracker:
http://www.rdmag.com/news/2016/02/early-human-ancestor-didnt-have-jaws-nutcracker
Meet Arizona's only (known) elusive wild jaguar "El Jefe":
http://www.cnn.com/2016/02/04/us/jaguar-arizona-wildlife-irpt/
Drought conditions in the US Southwest here to stay?
http://www.csmonitor.com/Science/2016/0207/Are-drought-conditions-in-the-US-Southwest-here-to-stay
Human gene editing is about to happen:
http://www.cnet.com/news/human-gene-editing-is-about-to-happen-but-dont-freak-out-just-yet/
NASA's Juno mission burns for Jupiter:
http://news.discovery.com/space/nasas-juno-mission-burns-for-jupiter-160205.htm
A most incredible view of the Super Bowl:
http://www.morningticker.com/2016/02/you-wont-believe-the-incredible-view-of-the-super-bowl-from-the-iss/
Insanity.
http://www.cnn.com/2016/02/08/world/fresh-air-britain-china-bottles/
White House seeks $1.8 billion in emergency funds for Zika virus:
http://www.reuters.com/article/us-health-zika-usa-idUSKCN0VH13L
Chipotle locations closed for lunch during nationwide food safety meeting:
http://www.nydailynews.com/life-style/eats/chipotle-closed-lunch-monday-food-safety-meeting-article-1.2523898
Is 2016 the year of sugar tax?
http://www.reuters.com/article/sugar-tax-drinks-idUSL1N13T1N5
What you need to know about ADHD in kids:
https://www.washingtonpost.com/news/answer-sheet/wp/2016/02/07/adhd-in-kids-what-many-parents-and-teachers-dont-understand-but-need-to-know/?tid=pm_local_pop_b
Today's Economic Calendar:
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX
Notable earnings after today's close: AGII, IIJI, MODN, *MOH*, OI, PAA, PKY, QLYS, IIJI, MODN, MOH, OI, PAA, PKY, QLYS, ACSF, AGTC, AIN, ALIAF, ALSN, ASEI, BFAM, BKD, BRS, BRX, CMP, CORI, CSCD, CSWC, CUTR, *DLA*, ENTA, EZPW, *FOXA*, *GIG*, INTZ, MXL, OMI, ONVO, OTTR, PAGP, PCYG, PFIE, PINC, PRCP, PRE, PSDV, RSGUF, UPIP, WCN, *YELP*
And tomorrow before the open: *CNC*, CYNO, *FIS*, GWR, HCP, LPT, MAS, MCC, OPESF, *SALE*, TEN, *VIAB*, VSH, *WCG*, CNC, CYNO, FIS, GWR, HCP, LPT, MAS, MCC, OPESF, SALE, TEN, VIAB, VSH, ACM, AEY, AGU, AINV, ALIOF, ALLT, AMSC, ASFI, AVACF, BDC, BHE, CBM, *CDW*, CGEN, CMFN, CPXGF, CRWS, *CVS*, ENTG, FSC, GLAD, GLT, GPK, *GT*, *IR*, *KO*, LABL, MLM, MPAA, MPW, OAK, *OMC*, RBC, RDY, REGN, SABR, SAVE, SNY, STE, SVNLF, TDG, TMOAF, VTTI, *WCG*, *WYN*