Apple Today 06/13/2016 WWDC (AAPL)
seymour_greenz • June 13th 2016 09:26:59 AM
Good Morning,
Welcome back. NASDAQ Futures are down 17 with -10 Fair Value, S&P Futures are down 5 with -4 Fair Value and Dow Futures are down 46 on this relatively quiet but jittery Monday as we all await the WWDC keynote at 1pm EST. Futures are showing some volatility and were down in early morning, reaching a low at 2:30am before bouncing back just after 4am then retreating again at 5am only to bounce and are near the highs as we await the open, but are still in the red.
Asian markets ended down significantly. China sunk 3.21%, Hong Kong dropped 2.52% and Japan declined 3.51%. European markets are also down today. The UK is down 0.69%, Germany is down 1.20% and France is down 1.28%.
Commodities are mixed this morning. Oil is down 0.94%, natural gas is up 2.70% and gold is up 0.89%. Unleaded gas is down 0.99% and heating oil is down 0.47%. Metals are up. Meat is mostly down. Cotton, corn, wheat and soybeans are up while cocoa and coffee are down.
Stock futures lower on global concerns, impending Fed meeting. European shares hit 2-month low amid Brexit jitters. Microsoft to buy LinkedIn for $26.2 billion, LinkedIn shares up 63% in pre-market.
AAPL had a respectable pre-WWDC week, ending up 0.93% on low volume. On Monday, the AAPL tree grew a little bigger with AAPL branching up from 98 to 99. On Tuesday, AAPL made an early buffalo run towards 100 and then leveled out back to 99. On Wednesday, AAPL peaked early on and slipped below 99 by the end of the day. On Thursday, AAPL bobbed above the 99 line as 100 seemed alluring. On OPEX Friday, the AAPL arrow arced down and flew in a fairly narrow range, ultimately landing down 0.82% on moderate volume. AAPL opened at 98.51 to high volume and then took a dip to set the low of the day of 98.48 at 10:04am on moderately high volume. Later in the morning, AAPL pushed upwards to recover 99 and then went on to set an intra-day high of 99.35 at 12:54pm on moderately light volume. After setting the high, AAPL gravitated towards 99 and closed intra-day down 82 cents at 98.83 and gained 12 cents to end up at 98.95 in after-hours.
This morning in pre-market, AAPL opened lower in conjunction with Futures, briefly dipped to the mid-97 area at 7:15am and then quickly recovered back above 98. AAPL is currently down 63 cents at 98.20 as we approach the open.
Classic max-pain is 100. The WWDC kick-off is today at 1pm EST.
Stock futures lower on global concerns, impending Fed meeting:
http://www.reuters.com/article/us-usa-stocks-idUSKCN0YZ1AD
European shares hit 2-month low amid Brexit jitters:
http://www.reuters.com/article/europe-stocks-idUSL8N19529I
Microsoft to buy LinkedIn for $26.2 billion, LinkedIn shares up 63% in pre-market:
http://www.bloomberg.com/news/articles/2016-06-13/microsoft-to-buy-linkedin-in-deal-valued-at-26-2-billion-ipe079k9
China's Uber rival Didi Chuxing raises $600 million from China Life Insurance:
http://www.reuters.com/article/us-didi-chuxing-china-life-insur-investm-idUSKCN0YZ01U
Coming wave of gas puts focus on finding new shores:
http://in.reuters.com/article/energy-gas-downstream-idINL8N1911O6
Which labor market data should you believe?
http://www.nytimes.com/2016/06/14/upshot/which-labor-market-data-should-you-believe.html
Symantec to buy security firm Blue Coat for $4.65 billion:
http://www.bloomberg.com/news/articles/2016-06-13/symantec-to-buy-cybersecurity-firm-blue-coat-for-4-65-billion
WWDC 2016 is here!
http://www.theverge.com/2016/6/13/11886704/apple-wwdc-2016-keynote-live-stream-time-blog-watch-online
How to watch the WWDC live stream from many devices:
http://www.cnet.com/how-to/apple-wwdc-2016-how-to-watch-and-what-to-expect/
Is Chromecast starting to beat Apple TV?
http://www.techtimes.com/articles/164452/20160611/google-chromecast-bests-apple-tv-in-sales-researcher-says.htm
Orlando triggers Facebook's 1st US "safety check":
http://in.reuters.com/article/florida-shooting-facebook-idINKCN0YZ0AY
Is Mirosoft forcing 10 on you?
http://arstechnica.com/information-technology/2016/06/microsofts-windows-10-push-is-effective-damaging-desirable-and-deceptive/
Phablet showdown:
http://www.techtimes.com/articles/164578/20160612/samsung-galaxy-note-5-vs-zte-axon-7-let-the-phablet-showdown-begin.htm
Are you lucky enough to see the Milky Way?
http://www.csmonitor.com/Science/2016/0610/A-third-of-humanity-can-t-see-the-Milky-Way.-Can-we-fix-that
NASA teams up with the United Arab Emirates to help with mission to Mars:
http://www.theverge.com/2016/6/13/11919782/nasa-uae-collaborative-agreement-mars
Is Elon a step ahead?
http://www.csmonitor.com/Science/2016/0612/SpaceX-s-Elon-Musk-outlines-plans-for-cargo-route-to-Mars-video
Meet a 2,100-year old computer:
http://www.techtimes.com/articles/164527/20160612/was-antikythera-mechanism-a-2-100-year-old-computer.htm
Brazil says not to worry about Zika at Olympics:
http://www.nytimes.com/aponline/2016/06/10/sports/olympics/ap-oly-rio-2016-zika.html
Best sunscreen for kids:
http://www.techtimes.com/articles/164642/20160613/child-friendly-summer-whats-the-best-sunscreen-for-kids.htm
Spread of human disease from animals mapped:
http://www.bbc.com/news/science-environment-36480021
Today's Economic Calendar:
11:00 4-Week Bill Announcement
11:00 3-Month Bill Auction
11:30 6-Month Bill Auction
Notable earnings this afternoon after the bell: CRVP, DGCRF, MMMB, UNIS
And tomorrow before the open: ISLE, MPAA, YGE