Apple Today - 3/29/2016 (AAPL)
seymour_greenz • March 29th 2016 11:38:07 AM
Good Morning,
NASDAQ Futures are down 7 with -5 Fair Value, S&P Futures are down 5 with -5 Fair Value and Dow Futures are down 53 as we wait for Yellen at 11:30am. Futures were up earlier this morning and took a dive at 5:30am and are currently near the morning lows as we await the open.
Asian markets were mixed today. China dropped 1.28%, Hong Kong gained 0.1% and Japan lost 0.18%. European markets are mixed today. The UK is currently down 0.1%, Germany is down 0.04% and France is up 0.69%.
Commodities are mostly down this morning. Oil is down 2.08%, natural gas is down 0.57% and gold is down 0.12%. Unleaded gas is down 1.83% and heating oil is down 1.76%. Metals are mostly down except platinum. Meat is mixed. Cocoa, wheat and soybeans are up while coffee, cotton, corn are down.
Market awaits Yellen at 11:30am. US home prices up in January, but below expectations. Pending home sales rise 3.5% in February. Government drops case against Apple.
McCormick & Company, Inc. (MKC) announced Q1 earnings this morning with 5 cent beat and maintains guidance and is up over 1% in pre-market.
This afternoon after the bell, look for earnings from Dave & Buster's Entertainment Inc (PLAY), Qihoo 360 Technology Co Ltd (QIHU), Restoration Hardware Holdings Inc (RH) and Sonic Corp (SONC).
Tomorrow morning, Aldeyra Therapeutics Inc (ALDX), Carnival Corp (CCL) and Lululemon Athletica Inc (LULU) are expected to report.
AAPL showed promise in pre-market yesterday but ultimately rolled down 0.45% yesterday on extremely low volume. AAPL opened at 106 on moderate volume and immediately put in the high of the day at 106.19 on moderate volume before quickly heading to the mid-105 area. AAPL thrashed around 105.5 for the rest of the morning and struggled into the afternoon when AAPL slipped in late afternoon trading setting a low of 105.06 shortly before close. AAPL ended the day down 48 cents at 105.19. AAPL dropped an additional 9 cents in after-hours to 105.1.
This morning in premarket, AAPL opened up higher to 105.5 on news of the government dropping the iPhone case against Apple. Later, however, AAPL dipped down into the upper-104 area before bouncing back. AAPL is currently down 14 cents at 105.05 as we approach the open.
Classic max-pain is 105.
Europe shares fade, dollar slips as investors look to Yellen:
http://www.reuters.com/article/us-global-markets-idUSKCN0WU00R
US home prices up in January, but below expectations:
http://www.reuters.com/article/us-usa-economy-homes-index-idUSKCN0WV1I9
Pending home sales rise 3.5% in February:
http://www.forbes.com/sites/erincarlyle/2016/03/28/pending-home-sales-rise-3-5-first-notable-increase-since-last-april/#612bb35659ba
Emerging-market currencies pare gains as markets await Yellen:
http://www.bloomberg.com/news/articles/2016-03-29/ringgit-leads-emerging-currencies-advance-as-china-raises-fixing
Bank of England warns:
http://www.bloomberg.com/news/articles/2016-03-29/bank-of-england-raises-buffer-rate-as-brexit-referendum-looms
Fitch cuts Chicago credit rating in wake of pension ruling:
http://www.reuters.com/article/chicago-ratings-outlook-idUSL2N170121
You have 2 weeks to bid on Yahoo:
http://www.cnet.com/uk/news/yahoo-suitors-said-to-have-two-weeks-to-submit-preliminary-bids/
SunEdison at risk of bankruptcy:
http://www.reuters.com/article/us-sunedison-inc-terraform-global-risk-idUSKCN0WV160
US hacks iPhone, ending legal battle:
http://www.chicagotribune.com/bluesky/technology/ct-apple-iphone-fbi-legal-questions-20160329-story.html
Apple iPhone SE review:
http://www.wired.com/2016/03/review-apple-iphone-se/
A history of Sharp:
http://www.bloomberg.com/news/articles/2016-03-29/sharp-s-104-years-from-pencils-and-displays-into-foxconn-s-arms
Samsung Pay review:
http://www.cnet.com/uk/news/samsung-pay-versus-apple-pay-google-pay/
PlayStation 4K to be announced just before PS VR launch:
http://arstechnica.com/gaming/2016/03/playstation-4k-4-5-announced-october/
Megatron would be proud:
http://www.nydailynews.com/news/national/smartphone-shaped-gun-helps-owners-carry-occasion-article-1.2580536
The state of AI:
http://fortune.com/2016/03/22/artificial-intelligence-nvidia/
Facebook may partner with Apple Pay to offer in-store purchases with Messenger:
http://appleinsider.com/articles/16/03/28/facebook-plans-to-use-messenger-for-retail-point-of-sale-service-could-integrate-apple-pay
Facebook's Safety Check malfunctions after Pakistan bombing:
http://www.cnet.com/uk/news/facebooks-safety-check-malfunctions-after-pakistan-bombing/
Microsoft builds custom Windows 10 for China:
http://www.techtimes.com/articles/144880/20160328/microsoft-reportedly-builds-custom-windows-10-government-edition-for-china.htm
Is Google late to the cloud party?
http://www.nasdaq.com/article/googles-foray-into-cloud-computing-late-for-the-party-or-just-in-time-cm598196
Will Amazon open Echo to developers?
http://fortune.com/2016/03/28/amazon-echo-app-store/
Netflix admits to throttling:
http://www.businessinsider.com/netflix-throttles-streaming-video-quality-on-verizon-att-2016-3
The Fredkin gate is a quantum leap:
http://www.csmonitor.com/Technology/2016/0326/Could-a-Fredkin-gate-be-the-next-quantum-leap-forward-for-computing
Japanese space agency loses track of $265 million satellite:
http://www.csmonitor.com/Science/2016/0328/Japanese-space-agency-loses-track-of-265-million-satellite
"Hot Jupiter" heats up fast as it approaches its star:
http://www.cnet.com/au/news/huge-hot-jupiter-heats-up-fast-as-it-passes-close-enough-to-high-five-its-star/
Frozen nitrogen lake discovered on Pluto:
http://www.cnet.com/au/news/frozen-lake-on-pluto-not-good-for-ice-skating/
What lies beneath Titan's highest mountains?
http://news.discovery.com/space/these-are-titans-highest-mountains-what-lies-beneath-160325.htm
The near-miss comet:
http://news.discovery.com/space/asteroids-meteors-meteorites/flyby-comet-was-way-bigger-than-thought-160328.htm
"Outrageously luminous" galaxies:
http://www.redorbit.com/news/space/1113413243/bright-galaxies-032316/
Evidence that our moon's axis tilted:
http://www.csmonitor.com/Science/2016/0324/Icy-spots-on-our-moon-Evidence-that-its-axis-has-tilted
Our ancestors actually saw "unicorns":
http://www.syracuse.com/us-news/index.ssf/2016/03/siberian_unicorn_real_new_fossil_discovered.html
Arctic winter sees sluggish sea-ice growth:
http://www.bbc.com/news/science-environment-35918082
Arctic sea ice at near record lows, NASA says:
http://www.livescience.com/54191-arctic-sea-ice-cover-2016.html
This fish can walk:
http://www.csmonitor.com/Science/2016/0327/This-fish-can-walk.-What-can-it-teach-us-about-terrestrial-evolution
Massive supervolcano eruptions once rocked Yellowstone:
http://www.csmonitor.com/Science/2016/0326/Massive-supervolcano-eruptions-once-rocked-Yellowstone
Washington-area hospital chain paralyzed by hacker virus:
http://www.chicagotribune.com/business/ct-medstar-hack-20160329-story.html
Good posture could get you a date:
http://www.cnn.com/2016/03/28/health/power-postures-online-dating/index.html
New blood test for concussions:
http://www.techtimes.com/articles/145181/20160329/new-blood-test-for-concussion-may-help-reduce-need-for-radiation-exposing-scans.htm
Let's explore diabetes:
http://www.theguardian.com/teacher-network/2016/mar/29/how-to-teach-diabetes
The opioid epidemic:
https://www.bostonglobe.com/magazine/2016/03/29/how-did-opioid-epidemic-get-bad/qkb8DnUzwYLjWSQsZgGpqJ/story.html
Science vs religion "showdown" in the brain:
http://news.discovery.com/human/life/how-science-religion-square-off-in-the-brain-160323.htm
US senior population forecasted to 88 million by 2050:
http://www.techtimes.com/articles/145207/20160329/us-senior-population-forecasted-to-number-88-million-by-2050.htm
Breastfeeding, new vaccines tied to reduced infant ear infections:
http://www.techtimes.com/articles/145108/20160329/breastfeeding-new-vaccines-tied-to-reduced-infant-ear-infections.htm
Meet a 10 year old hero:
http://abcnews.go.com/US/10-year-boy-grabs-steering-wheel-save-elderly/story?id=37981379
Today's Economic Calendar:
5:15 John Williams Speaks
8:55 Redbook
9:00 S&P Case-Shiller HPI
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
11:30 Janet Yellen Speaks
11:30 4-Week Bill Auction
11:30 52-Week Bill Auction
1:00 PM Rob Kaplan Speaks
1:00 PM 5-Yr Note Auction
4:00 PM Rob Kaplan Speaks
Notable earnings after today's close: ARGS, *PLAY*, DANG, EACO, EVSNF, GEVO, IZEA, LNDC, MBLX, PSUN, PPSI, PSTR, *QIHU*, *RH*, *SONC*, SWSH, TRTC, UPLD, VRNT, VNCE, WPT, YOKU
And tomorrow before the open: *ALDX*, AETI, ASUR, AZUR, BRFH, BKYI, *CCL*, CAAS, CDTI, HNR, HERO, IOC, *LULU*, PAR, TSSI, UNF, VSCP, YGE, YOD, YGYI