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Apple Today - 4/05/2016 (AAPL)

seymour_greenz • April 5th 2016 10:47:13 AM

Good Morning,

NASDAQ Futures are down 30 with -33 Fair Value, S&P Futures are down 16 with -16 Fair Value and Dow Futures are down 112. Futures were down in early morning and took a turn for the worse at 2:30am, hitting lows near 6am and have since pulled up slightly from that area as we await the open.

Asian markets ended mixed. China gained 1.45%, Hong Kong dropped 1.57 and Japan fell 2.42%. European markets are selling off today. The UK is currently down 1.34%, France is down 2.15% and Germany is leading the decline, down 2.37%.

Commodities are mixed this morning. Oil is down 0.25%, natural gas is up 1.3% and gold is up 1.13%. Unleaded gas is up 0.61% and heating oil is down 0.61%. Metals are up except copper. Meat is mixed. Cotton, corn and soybeans are up while cocoa, coffee and wheat are down.

US index Futures decline after S&P 500 drops from 2016 high. Dollar slides to 17-month low vs yen as stocks, oil fall. US trade deficit widens, rising exports offer hope.

Yesterday, NovaGold Resources, Inc (NG) reported a Q1 loss and has yet to react.

Darden Restaurants, Inc. (DRI) announced 3Q earnings this morning beating expectations and is flat. The Greenbrier Companies, Inc. (GBX) reported Q2 earnings this morning missing expectations and is down over 6.5%. Walgreens Boots Alliance, Inc. (WBA) announced Q2 earnings topping profit expectations and a narrower 2016 forecast and is down nearly 1.5% in pre-market.

Tomorrow morning, Monsanto Company (MON) and Constellation Brands, Inc. (STZ) are expected to report.

AAPL took off like a rocket yesterday, breaking 112, and although gravity took over at the tail end, AAPL still ended up 1.03% on fair volume. AAPL opened up at 110.41 on higher volume partially on comments from Credit Suisse "AAPL worth $150", briefly set a low of 110.27 and zoomed past 111 to 112 a short hour later on moderately high volume. AAPL reached the peak arc of 112.19 at 10:36am before taking a break towards the lower-111 area for the next hour and making another attempt at 112 in early afternoon with a secondary peak just before 1pm. Afterwards, gravity set in and AAPL returned to the low-111 area. AAPL ended the day up 1.13 at 111.12 and dropped 12 cents in after-hours to 111 even.

This morning in pre-market, AAPL opened lower in conjunction with sour Futures and spent a brief time in the mid-110 area on low volume before dropping to the mid-109 area on higher volume, setting a low of 109.06 before bouncing back to the mid-109 area. AAPL is currently down 1.43 at 109.69 as we approach the open.

Classic max-pain is 105.

US index Futures decline after S&P 500 drops from 2016 high:

Dollar slides to 17-month low vs yen as stocks, oil fall:

US trade deficit widens, rising exports offer hope:

RBI cuts rates to lowest since 2011, banks given liquidity comfort:

Panama Papers probes opened, China limits access to news on leaks:

US moves to thwart use of foreign acquisitions to dodge taxes:

Walgreens cost cuts help beat estimates as US retail drops:

Comcast backed firm makes $250-million investment in Groupon:

Barclays bank joins Apple Pay in UK:

iPhone 6S, 6S Plus vulnerable to new lock screen bypass flaw:

Microsoft tests premium subscription for

Facebook is getting better for the blind:

New top-of-the-line Amazon Kindle nears:

HTC Vive VR 1st impressions:

Roku's $50 streaming stick review:

Should you be sleeping on the job?

Flight attendant has "Final Destination" moment:

Apple Pay adds another 32 banks and credit unions across the US:

Samsung begins mass production of 10-nanometer class DRAM:

Like it or not, Nest is shutting down Revolv on May 15:

Cassini snaps photos of Saturn:

Mars dust devil whirls for Opportunity rover's camera:

Space hotels are coming:

Kite babies!

Hannibal's Alpine crossing clues:

Reverse photosynthesis pioneered:

The quest to stop ocean acidification:

The pill debate:

India steps up fight against cigarette firms over health warnings:

Raising "good" cholesterol doesn't always help the heart:

Vitamin D "heals damaged hearts":

Are you just too clean?

Today's Economic Calendar:
1:00 Fed's Evans: Monetary Policy
8:30 Gallup US ECI
8:30 International Trade
8:55 Redbook Chain Store Sales
9:45 PMI Services Index
10:00 Job Openings and Labor Turnover Survey
10:00 ISM Non-Manufacturing Index

Notable earnings after today's close: MIND, SHLM, SPCB

And on Monday before the open: AYI, BYCBF, FLYLF, GPN, *MON*, MSM, OMN, RPM, SCHN, *STZ*

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