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Apple Today - 7/07/2016 (AAPL)

seymour_greenz • July 7th 2016 09:29:26 AM

Good Morning,

NASDAQ Futures are down 5 with -2 Fair Value, S&P Futures are down 3 with -1 Fair Value and Dow Futures are down 18 as we hit our first Thursday in July and a very busy one with economic data. Futures were flat to slightly down in early morning, then took a fleeting dip just before 3am and bounced back sharply right away, peaking just after 4:30am and then slipping down again and are currently at the lows as we await the open.

Asian markets ended mixed. China dropped 0.01%, Hong Kong gained 1.03% and Japan declined 0.67%. European markets are up sharply. The UK is up 1.01%, Germany is up 0.71% and France is leading the advance, up 1.03%.

Commodities are mixed this morning. Oil is up 0.93%, natural gas is up 1.11% and gold is down 0.16%. Unleaded gas is up 2.06% and heating oil is up 1.58%. Metals are down. Meat is mostly down. Cocoa, corn and wheat are up while coffee, cotton and soybeans are down.

Global stocks and sterling bounce after Brexit bashing. Mortgage rates fall to record lows, ahead of rate cut.

PepsiCo Inc. (PEP) reported Q2 earnings that beat expectations, boosted to an all-time high by Frito-Lay and is up over 1.5% in pre-market.

This afternoon after the bell, look out for earnings from WD-40 Company (WDFC) and Barracuda Networks, Inc (CUDA).

AAPL dipped into shark-filled waters but managed to temporarily swim above the beasts, gaining 0.57% on relatively low volume. AAPL opened down at 94.60 to high volume and fought hard to return to 95 with a significant morning dip to the intra-day low of 94.37 at 10:50am on moderately strong volume before quickly and deliberately rising up above 95 and surfacing in the mid-95 area, setting an intra-day high of 95.66 at 12:22pm on mild volume. AAPL spent the rest of the afternoon splashing around the mid-95 area with a brief dip to the low-95 area just after 2:15pm and then saw recovery to the mid-95 area again. AAPL ended the day up 54 cents at 95.53 and gained 3 cents in after-hours to 95.56.

This morning in pre-market, AAPL picked up where yesterday's after-hours left off and made some strides towards the upper-95 area, peaking at 95.77 at 7:07am, despite souring Futures. AAPL is currently up 7 cents at 95.60 as we approach the open.

Classic max-pain is 95.

Global stocks and sterling bounce after Brexit bashing:

Mortgage rates fall to record lows, ahead of rate cut:

Danone to acquire US organic foods group WhiteWave in $12.5 billion deal:

Deutsche Bank sees Brexit hit amid investment bank rebuild:

PepsiCo lifts earnings forecast as North American sales gain:

Google's Now on Tap is adding near-instant translation to Android:

Samsung sees most profitable quarter in more than 2 years:

Samsung's tiny, ultra fast UFS memory cards:

What the Tesla autopilot accidents tell us about trusting our cars:

Google fixes high-risk Android vulnerabilities in July update:

Nvidia's GeForce GTX 1060 is a $250 GTX 980 killer:

Did Hitomi see a black hole?

Could Titan support alien life?

Stay protected out there!

Today's Economic Calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

Notable earnings this afternoon after the bell: PSMT, *WDFC*, LUB, *CUDA*, HELE, APOL,

And tomorrow before the open: SDXOF

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