Apple Today - 6/27/2016 (AAPL)
seymour_greenz • June 27th 2016 09:31:25 AM
Good Morning,
Welcome back. NASDAQ Futures are down 34 with -47 Fair Value, S&P Futures are down 13 with -23 Fair Value and Dow Futures are down 116 on this Brexit hangover Monday. Futures were lower in early morning and managed to turn green near 3am but subsequently took a sharp dive and found lower lows later in the morning before bouncing slightly as we await the open.
Asian markets ended mostly up. China gained 1.45%, Hong Kong dipped 0.21% and Japan rallied 2.39%. European markets are down sharply again today. The UK is down 1.97%, Germany is down 1.91% and France is leading the decline, down 2.12%.
Commodities are mostly up this morning. Oil is down 1.11%, natural gas is up 0.45% and gold is up 1.08%. Unleaded gas is down 0.86% and heating oil is down 0.80%. Metals are up. Meat is mostly up. Cotton, corn, wheat and soybeans are up while cocoa and coffee are down.
Oil prices fall again after Brexit vote.
This afternoon after the bell, look out for earnings from NovaGold Resources, Inc (NG).
Tomorrow morning, Carnival Corporation (CCL) is expected to report.
AAPL had a screaming painful week, declining 2.02% on higher than average volume, notably with all of that drop plus more on Friday on huge volume. On Monday, AAPL levitated up into the mid-96 area before getting zapped down to 95. On Tuedsay, AAPL recovered from 95 to back above 96. On Wednesday, AAPL floated up towards 97 but fizzled down to mid-95 by the end of the day. On Thurdsay, AAPL bounced at the mid-95 waterline and participated in the "premature" Bremain surge at the end of the day, ending above 96. On Friday, AAPL got zapped 2.81% by the Brexit shadow on huge volume. AAPL opened down at 92.88 on gigantic volume and quickly set an intra-day low of 92.65 before bouncing up to a high of 94.65 at 9:56am. AAPL then drifted towards 94 and made periodic dips below into the upper-93 area and another short-lived attempt above 94 before lunchtime before slipping down below 93 after 3pm and a small relief bounce to the mid-93 area into the close. AAPL ended intra-day OPEX down 2.70 at 93.40 and dropped 14 more cents in after-hours to 93.26.
This morning in pre-market, AAPL opened down in conjunction with Futures on Brexit momentum and hit a low of 92.55 before bouncing back to 93 in a controlled recovery. AAPL is currently down 29 cents at 93.11 as we approach the open.
Classic max-pain is 97.
Despite leaders' assurances, Brexit leaves markets nervous:
http://www.nytimes.com/2016/06/28/business/international/daily-stock-market-activity.html
Oil prices fall again after Brexit vote:
http://www.reuters.com/article/us-global-oil-idUSKCN0ZC15C
Britain’s labour party melts down just as opportunity knocks:
http://time.com/4383419/brexit-labour-party-jeremy-corbyn/
How worried is China by the Brexit?
http://www.bbc.com/news/business-36638759
Brexit is roiling the auto industry:
http://www.usatoday.com/story/money/cars/2016/06/26/5-top-reasons-brexit-roiling-auto-industry/86406132/
Apple’s new app store ads:
https://techcrunch.com/2016/06/26/will-the-rich-get-richer-with-apples-new-app-store-ads/
Google will reportedly release its own phone this year:
http://www.cnet.com/news/google-will-reportedly-release-its-own-smartphone-this-year/
Get your very own WALL-E robot:
http://www.theverge.com/2016/6/27/12007772/anki-cozmo-robot-ai-toy-wall-e-pixar
Google CEO Sundar Pichai's Quora account hacked:
http://www.cnet.com/news/google-ceo-sundar-pichai-quora-account-hacked/
Smartphone For $4?
http://www.techtimes.com/articles/167175/20160627/smartphone-for-4-its-real-and-its-shipping-out-on-june-30.htm
Amber fossils trapped ancient insects wearing camo:
http://www.csmonitor.com/Science/2016/0624/Amber-fossils-trapped-ancient-insects-wearing-camo
For Mars, these rockets need to work:
http://www.wired.com/2016/06/going-get-mars-rockets-need-work/
Monkeys shed friends as they age:
http://nymag.com/scienceofus/2016/06/just-like-humans-monkeys-shed-friends-as-they-age.html
Hovering parents may harm kids:
http://www.upi.com/Health_News/2016/06/26/Hovering-parents-may-harm-kids/7061466982329/
Today's Economic Calendar:
8:30 International trade in goods
9:45 PMI Services Index Flash
10:30 Dallas Fed Manufacturing Survey
Notable earnings this afternoon after the bell: *NG*, CYRX
And on Monday before the open: *CCL*, BNED, CUK