Apple Today - 4/27/2016 FOMC (AAPL)
seymour_greenz • April 27th 2016 09:28:43 AM
Good Morning,
Ouch! NASDAQ Futures are down 48 with -40 Fair Value, S&P Futures are down 6 with -3 Fair Value and Dow Futures are down 45 as the earnings deluge continues and the Fed announces at 2pm. Futures have been down all morning with little change aside from a hopeful spike at 3am and are looking on the low side as we await the open.
Asian markets ended down today. China fell 0.37%, Hong Kong dropped 0.21% and Japan declined 0.36%. European markets are up today. The UK is currently up 0.1%, Germany is up 0.41% and France is up 0.37%.
Commodities are mixed this morning. Oil is up 2.23%, natural gas is down 0.09% and gold is up 0.61%. Unleaded gas is up 0.83% and heating oil is up 2.06%. Metals are up except copper. Meat is mostly up. Cocoa, coffee and cotton are up and corn, wheat and soybeans are down.
Market set to open lower as Apple weighs, Fed awaited. Fed set to keep rates unchanged, may nod to ebbing risks.
Apple Inc. (AAPL) reported Q2 earnings yesterday afternoon that failed to meet expectations and added a dividend increase and is down over 8% in pre-market. Chipotle Mexican Grill, Inc. (CMG) announced Q2 earnings yesterday afternoon and is down over 4%. AT&T Inc. (T) reported earnings and is down nearly 1%. On the other hand, eBay Inc. (EBAY) announced Q1 earnings and is up nearly 2.5%. Cree, Inc. (CREE) reported Q3 earnings that topped forecasts and is up nearly 4% in pre-market. Panera Bread Company (PNRA) announced Q1 earnings that beat expectations and raised guidance and is up over 2.5%.
The Boeing Company (BA) reported Q1 earnings this morning that missed expectations and is down over 0.5%. Garmin Ltd. (GRMN) announced Q1 earnings that beat expectations and is up over 4% in pre-market. Goodyear Tire & Rubber Co. (GT) reported Q1 earnings with a decline in revenue and is down nearly 7.5%. Owens Corning (OC) announced Q1 earnings that beat expectations and is down over 1%.
This afternoon after the bell, look for earnings from Callaway Golf Company (ELY), NETGEAR, Inc. (NTGR), Limelight Networks, Inc. (LLNW), Equifax Inc. (EFX), Forrester Research, Inc. (FORR), LifeLock, Inc. (LOCK), The Cheesecake Factory Incorporated (CAKE), Marriott International, Inc. (MAR), First Solar, Inc. (FSLR), Digimarc Corporation (DMRC), La Quinta Holdings Inc. (LQ), Ameriprise Financial, Inc. (AMP), Cavium Networks, Inc. (CAVM), Cimpress N.V. (CMPR), Facebook (FB), Rent-A-Center Inc. (RCII), Shutterfly, Inc. (SFLY), Silicon Graphics Inc. (SGI), SanDisk Corporation (SNDK), Tetra Tech, Inc. (TTEK), Texas Instruments Inc. (TXN) and Vertex Pharmaceuticals Incorporated (VRTX).
Tomorrow morning, Viacom Inc. (VIAB), Sealed Air Corporation (SEE), Diebold Inc. (DBD), GNC Holdings, Inc. (GNC), Travelzoo Inc (TZOO), Ruth's Hospitality Group, Inc. (RUTH), Virgin America (VA), Waste Management, Inc. (WM), Care.com, Inc. (CRCM), Domino's Pizza, Inc. (DPZ), Iron Mountain Inc. (IRM), Pinnacle Foods (PF), Bristol-Myers Squibb Company (BMY), Celgene Corporation (CELG), Dow Chemical Co. (DOW), Ford Motor Company (F), Cheniere Energy, Inc (LNG), Level 3 Communications, Inc. (LVLT), Sirius XM Holdings Inc. (SIRI), Aetna, Inc. (AET), Cliffs Natural Resources Inc. (CLF), Cypress Semiconductor Corporation (CY), Dunkin' Brands (DNKN), MasterCard Incorporated (MA), Raytheon Company (RTN), Sony Corporation (SNE), Time Warner Cable Inc. (TWC) and Volkswagen AG ADR (VLKAY) are expected to report.
AAPL had a rough day yesterday leading into the big event, dropping 0.69% during regular trading and 8% in after-hours on heavy volume. AAPL opened at 104.01 to moderate volume, quickly set an intra-day low of 103.91 and then made a dash above 105 to set an high of 105.30 on moderate volume. AAPL then dropped back down to the mid-104 area and spent the rest of the day struggling to keep above 104 with a mild upturn into the close. AAPL ended the day down 73 cents at 104.35. After reporting earnings that failed to meet expectations, AAPL dropped nearly 8 points and ended after-hours down 8.25 to 96.1.
This morning in pre-market, AAPL opened near 97 and drifted towards 96 on high volume as the earnings report shock sunk in. AAPL is currently down 8 dollars at 96.35 as we approach the open.
Classic max-pain is 107.
Market set to open lower as Apple weighs, Fed awaited:
http://www.reuters.com/article/us-usa-stocks-idUSKCN0XO1H2
Fed set to keep rates unchanged, may nod to ebbing risks:
http://in.reuters.com/article/us-usa-fed-idINKCN0XO09O
Boeing's profit hit by tanker charge; outlook unchanged:
http://www.reuters.com/article/us-boeing-results-idUSKCN0XO1B8
iPhone sales drop and Apple's 13-year surge ebbs:
http://www.nytimes.com/2016/04/27/technology/apple-q2-earnings-iphone.html
Apple upbeat on iPhone SE demand but some Asian retailers, suppliers less cheery:
http://in.reuters.com/article/apple-asia-iphone-se-idINKCN0XO102
FBI keeps secret:
http://www.techtimes.com/articles/153950/20160427/fbi-intends-to-keep-hacking-tool-used-in-san-bernardino-iphone-secret.htm
Amazon now offering restaurant delivery in San Francisco:
http://www.wired.com/2016/04/amazon-one-hour-restaurant-delivery-san-francisco/
Dyson wants to blow you away:
http://www.nytimes.com/2016/04/28/fashion/dyson-hair-dryer.html
Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:30 International trade in goods
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
2:00 PM FOMC Announcement
Notable earnings after today's close: ECHO, *ELY*, *NTGR*, RNG, TTMI, WCN, ACGL, AMX, BLKB, DWRE, KS, *LLNW*, MC, OTEX, AEL, BGC, CDE, CNO, *EFX*, FNF, FNFV, *FORR*, *LOCK*, NCIT, ORLY, SCI, PPC, INFN, *CAKE*, FALC, LTRX, ASGN, GOOD, HY, MANT, *MAR*, NVDQ, OIS, QDEL, SPRT, SSS, STR, TYL, UIHC, CNSWF, FR, SJW, WIRE, WRE, ESRT, IPHS, PEB, DXCM, FIX, *FSLR*, KRA, ROIC, BIN, CVEO, AMSF, ANIK, AR, ATNI, AVG, CLI, CSGP, *DMRC*, DTLK, EQY, *LQ*, MMLP, NANX, ORC, PRAH, QEP, SPOK, TAL, TILE, TS, WLL, WSR, ESV, HTCH, VIV, DGI, GG, KWR, UHS, OCN, ISIG, BKCC, ODPVY, AF, ALGT, AMKR, *AMP*, AVB, BCR, BKFS, CACB, CACI, *CAVM*, CBL, CGI, CMO, *CMPR*, CNMD, CRY, CVTI, DBOEY, DLB, DRE, DRGDF, EXTR, *FB*, FORM, HOLX, IBKC, INUV, KEX, KIM, LARK, LOB, LOGI, LUNMF, MN, MSTR, MTGE, NE, NEFF, NEU, NGD, PRXL, QGEN, *RCII*, *SFLY*, *SGI*, SIMO, *SNDK*, SU, TER, TPZ, *TTEK*, *TXN*, UNM, VAR, *VRTX*, WHG, XL, XLNX
And tomorrow before the open: EDE, IBA, MOBL, AME, CME, MINI, UFS, GWR, *VIAB*, OAK, SABR, AXTA, *SEE*, AB, ACOR, ALLE, BG, BWA, CCE, COR, *DBD*, *GNC*, HUN, INT, IVC, PBF, PBFX, TOWR, *TZOO*, ULBI, UNIEF, BCOR, AKKVF, IPGP, *RUTH*, BDRBF, EIG, GEO, BELFB, CAB, CRAI, CVI, CVRR, GOV, ICD, IDCC, IQNT, LAWS, OCANF, PATK, SCG, STFC, TKC, UAN, *VA*, *WM*, WST, COMM, THRM, FPO, *CRCM*, INSY, CFWFF, LBY, MCS, CWT, ALKS, CRI, *DPZ*, EME, FCN, GPX, GTLS, HEES, IRDM, *IRM*, ITC, ITCI, KERX, LKQ, NEWM, *PF*, SGC, TFX, TRS, UTHR, VAC, VALE, VC, BWEN, GSL, PRGX, SUBCY, AGEN, HSON, SFE, SNAK, ASPS, STLJF, COLFF, SFD, ABBV, AIT, AUO, AVT, BBD, BLL, BMS, *BMY*, CAH, CBG, *CELG*, CMS, COLB, COP, DCM, DFT, DNBHF, *DOW*, DVD, EFSC, ELUXF, EPD, EQM, EQT, *F*, FHCO, FOJCF, GWB, GWGH, HHS, IVZ, *LNG*, *LVLT*, LYG, MHO, MJN, MO, MPLX, MTH, NOV, ODFL, OXBDF, PENN, POT, PRLB, PSTB, PTEN, RGLD, SEOJF, *SIRI*, SKM, SPB, SQNS, STBZ, STM, SVCBF, TMO, WNS, WTBA, ADP, AEP, *AET*, ALXN, APD, BBVA, BC, BCE, BOFI, BZH, CCMP, CHTR, CIT, CL, *CLF*, CLV, CPF, CRR, CSH, *CY*, DB, DDE, DLX, *DNKN*, GLOP, HAR, I, INGR, KRC, LANC, *MA*, MD, MDP, MEGEF, MITK, MMC, MPC, MSCI, NEE, NEP, ORI, OSK, PJC, PPL, QSR, RGS, RTIX, *RTN*, *SNE*, SPIL, SZEVF, TKPPY, TPX, *TWC*, TWODF, UPS, *VLKAY*, WCC, WEIGF, XRS, YITYY, ZBH