Apple Today - 12/16/2015 FED (AAPL)
seymour_greenz • December 16th 2015 09:46:42 AM
Good Morning,
NASDAQ Futures are up 24 with +35 Fair Value, Dow Futures are up 101. Futures are solidly in the green this morning on this "big Fed day of days" where we will at last hear the long-awaited interest rate decision at 2pm.
Asian markets closed up quite strong. Japan took the lead, gaining 2.61%. Hong Kong wasn't far behind, closing up 2.01% and China lagged behind at 0.17%, though still green. European markets are up sharply again today with the UK up 1.13%, Germany up 0.98% and France up 0.74%.
Commodities are currently mixed this morning. Oil is down 1.15% and natural gas is down 1.65%. Gold is up 0.26% and corn is up 0.07%. Unleaded gas is up 1.64%. Silver, platinum, copper, wheat and soybeans are all also up while meat and livestock are down with the exception of lean hogs.
US housing starts surge, with permits hitting five-month highs while industrial production falls more than expected. We will hear the long-awaited interest rate decision from the Fed at 2pm.
This afternoon look for earnings from enterprise software titan Oracle Corporation (ORCL), electronics manufacturer Jabil Circuit (JBL), interior furnishing manufacturer Herman Miller (MLHR) and home furnishing retailer Pier 1 Imports (PIR). Tomorrow morning, consulting firm Accenture plc (ACN), consumer food manufacturer General Mills (GIS), Navistar International (NAV), children's books publisher and distributor Scholastic Corporation (SCHL) and recreation vehicle manufacturer Winnebago Industries (WGO) are scheduled to report.
AAPL had another tough day yesterday closing down 1.77%. After some weakening in pre-market on protracted "channel check chatter", AAPL opened at 112 and foundered a bit to 111.4 on moderately high volume before making a dash towards 113, peaking at 112.80 on more high volume. Shortly after, AAPL dropped again and took out the intra-day low, hitting 111.22 at 11:54am on moderate volume. AAPL then bounced to 112 but failed to hold and began a rough afternoon slide down to 110.35 on moderate volume with little resistance and almost no bounce. AAPL ended the intra-day session down 1.99 to 110.49. Though AAPL was down a bit most of after-hours it ended flat back at 110.49.
This morning in pre-market, AAPL opened up higher in conjunction with Futures and reclaimed 111, reaching a peak of 111.3 at 5:52am on low volume. AAPL then dipped 110.45 at 7:58am on moderate volume before popping back up near the pre-market high at 8:26am on moderately high volume. AAPL is currently up 51 cents at 111 even.
Classic max-pain is 115.
The Fed's new tools:
http://www.reuters.com/article/usa-fed-markets-idUSL1N11N1TC20151216
US housing starts surge:
http://in.reuters.com/article/us-usa-economy-idINKBN0TZ1UN20151216
Industrial production falls more than expected:
http://www.businessinsider.com/industrial-production-and-capacity-utilization-2015-12
Low interest rates may be sticking around:
http://www.nytimes.com/2015/12/15/upshot/why-very-low-interest-rates-may-stick-around.html
Fed's move and mortgage rates:
http://time.com/money/4039094/federal-reserve-system-rate-hike-interest-mortgages/
China growth to slow in 2016:
http://www.bloomberg.com/news/articles/2015-12-16/china-growth-may-slow-to-6-6-percent-in-2016-researchers-say
40-year oil export ban to be lifted?
http://www.reuters.com/article/us-usa-oilexports-idUSKBN0TZ1QZ20151216
OPEC producers bearish in 2016:
http://www.reuters.com/article/us-oil-price-opec-idUSKBN0TZ1FQ20151216
Barclays sells indexing division to Bloomberg for $781 million:
http://www.bloomberg.com/news/articles/2015-12-16/barclays-sells-indexing-division-to-bloomberg-for-781-million
Apple to improve, not add to product lines in 2016?
http://www.cnet.com/au/news/apple-to-add-polish-not-product-lines-in-2016/
Apple-IBM enterprise partnership reach milestone:
http://techcrunch.com/2015/12/16/ibm-and-apple-mobile-partnership-surpasses-100-apps-and-adds-watson-integration/
Apple shuts Topsy:
http://9to5mac.com/2015/12/15/apple-shuts-down-topsy/
Night light mode for Google Play Books:
http://www.techtimes.com/articles/116783/20151216/night-light-mode-for-google-play-books-makes-low-light-reading-comfy-on-the-eyes.htm
Huge expansion in India for Google soon?
http://www.forbes.com/sites/saritharai/2015/12/16/google-slated-for-massive-expansion-in-india-ceo-sundar-pichai-says/
Google launches designer watch faces for Android Wear:
http://wap.engadget.com/2015/12/15/google-android-wear-designer-watch-faces/
Facebook takes aim at Yelp:
http://www.wired.com/2015/12/facebook-professional-services/
Netflix to look better than ever?
http://time.com/4149289/netflix-quality-buffering-high-bandwidth-data/
Is Samsung ecosystem really an alternative to Apple?
http://www.zdnet.com/article/samsungs-growing-mobile-hardware-ecosystem-offers-an-exciting-alternative-to-apple/
Firefox turns 64:
http://www.techtimes.com/articles/116893/20151216/mozilla-firefox-43-for-windows-finally-goes-64-bit-crushes-various-vulnerabilities-in-the-process.htm
Ford to test driverless cars in California in 2016:
http://www.pcworld.com/article/3015776/car-tech/ford-to-test-driverless-cars-in-california-next-year.html
Video gamers gender and age breakdown may surprise you:
http://www.dailydot.com/geek/video-game-players-pew-survey-gender-age/
The Arctic is warming, quickly:
http://www.livescience.com/53111-arctic-warming-fast-in-2015.html
Wild parrots use tools:
http://www.livescience.com/53109-parrots-use-grinding-tools.html
Hint of a new fundamental particle!
http://www.nytimes.com/2015/12/16/science/physicists-in-europe-find-tantalizing-hints-of-a-mysterious-new-particle.html
Geysers on Enceladus are losing steam:
http://www.space.com/31385-saturn-moon-enceladus-geysers-losing-steam.html
See phytoplankton bloom:
http://news.discovery.com/earth/oceans/phytoplankton-bloom-turns-ocean-into-a-masterpiece-151215.htm
Extinct tortoise may soon walk again:
http://news.discovery.com/animals/endangered-species/extinct-lonesome-george-tortoise-species-may-be-revived-151215.htm
Shingles linked to increased risk of heart attack and stroke:
http://www.livescience.com/53105-shingles-stroke-heart-attack-risk.html
Teens doing fewer drugs, but still smoking pot:
http://www.cnn.com/2015/12/16/health/teen-drug-use-survey/
Wen sued over hair falling out:
http://www.huffingtonpost.com/entry/wen-hair-care-lawsuit-bald_567042bbe4b011b83a6ca282?utm_hp_ref=mostpopular
Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:30 Housing Starts
9:15 Industrial Production
9:45 PMI Manufacturing Index Flash
10:30 EIA Petroleum Inventories
2:00 PM FOMC Announcement
2:00 PM FOMC Forecast
2:00 PM Chairman Press Conference
Notable earnings after today's close: APOG, ISSC, *JBL*, *MLHR*, *ORCL*, *PIR*
And tomorrow before the open: *ACN*, AIR, ATU, BASI, ETRM, *GIS*, MCS, *NAV*, SAFM, *SCHL*, *WGO*, WOR