Apple Today - 8/31/2016 (AAPL)
seymour_greenz • August 31st 2016 09:30:06 AM
Good Morning,
NASDAQ Futures are down 1 with -1 Fair Value, S&P Futures are down 1 with flat Fair Value and Dow Futures are down 8 as we reach the last day of August with a busy economic calendar, including ADP jobs report and pending home sales. Futures were up slightly in early morning and then dipped into negative territory shortly after 1am setting a low just before 3am before bouncing back in a little over 30 minutes and then dancing around break-even
for the next few hours and are currently slightly down as we approach the open.
Asian markets ended mostly up. China went up 0.35%, Hong Kong dropped 0.17% and Japan gained 0.97%. European markets are mixed. The UK is down 0.05%, Germany is down 0.12% and France is up 0.63%.
Commodities are mixed this morning. Oil is down 0.84%, natural gas is up 0.67% and gold is down 0.03%. Unleaded gas is down 1.32% and heating oil is down 1.17%. Metals are up except gold. Meat is up strong. Cocoa and coffee are up while cotton, corn, wheat and soybeans are down.
US private sector adds 177,000 jobs in August according to ADP. Nigerian economy slips into recession.
Palo Alto Networks (PANW) reported a Q4 loss yesterday afternoon that met expectations but forecast below estimates and is down over 5% in pre-market. H&R Block Inc. (HRB) announced Q1 results that were weaker than expected and is down nearly 6%. Ooma (OOMA) beat Q2 EPS expectations by 3 cents and has yet to react.
Frontline Ltd. (FRO) reported Q2 adjusted earnings of 31 cents per share, beating expectations but is down over 6.5% in pre-market.
This afternoon after the bell, look out for earnings from Salesforce.com, Inc. (CRM), Box (BOX) and Shoe Carnival, Inc. (SCVL).
Tomorrow morning before the open, Campbell Soup Company (CPB), Ciena Corporation (CIEN), Vera Bradley (VRA) and Lands' End, Inc. (LE) are expected to report.
AAPL was issued a "speeding ticket" by the EU yesterday, dropping 0.77% on low volume. AAPL opened down at 105.80 to high volume and quickly set an intra-day high of 106.50 at 9:38am on moderately heavy volume before slipping back towards 106 on moderate volume. Within an hour 106 broke and AAPL bounced in the upper-105 area on mild volume before reclaiming the low-106 area on low volume until late lunch. After lunch, AAPL dipped on low volume, setting an intra-day low of 105.50 at 2:36pm on low volume, then bouncing back towards 106 on low volume. AAPL was able to press up into the close and ended the day down 82 cents at 106 even and then shed another penny in after-hours to 105.99.
This morning in pre-market, AAPL opened slightly lower than yesterday's after-hours and soon tested 105.82 before reclaiming 106 later in the morning. AAPL reached a pre-market high of 106.21 at 8:15am and then headed below 106 again. AAPL is currently down 15 cents at 105.85 as we approach the open.
Classic max-pain is 106.
US private sector adds 177,000 jobs in August according to ADP:
http://www.reuters.com/article/us-usa-economy-adp-idUSKCN1161KV?il=0
Dollar set for 1st monthly gain since May on divergence bets:
http://www.bloomberg.com/news/articles/2016-08-31/dollar-set-for-first-monthly-gain-since-may-on-divergence-bets
Asian shares ease ahead of US jobs data, oil slips:
http://www.reuters.com/article/us-global-markets-idUSKCN11602D
Nigerian economy slips into recession:
http://www.bbc.com/news/business-37228741
Bill Gross steps up criticism of Fed, central banks for zero rates:
http://www.reuters.com/article/us-funds-investing-gross-idUSKCN1161HL
Is Apple's $14.5 billion tax fine worse for shareholders than it looks?
http://fortune.com/2016/08/31/apple-eu-tax-fine/
iPhone 7 Plus spec sheet shows 256GB storage and Lightning EarPods:
http://www.macrumors.com/2016/08/31/spec-sheet-iphone-7-plus-256gb-earpods/
Post-Jobs Apple has soared financially, but lacks a breakthrough product:
http://www.theverge.com/2016/8/31/12717412/mossberg-apple-steve-jobs-tim-cook-game-changer-products
The controversy in Apple's tax history:
http://www.nytimes.com/2016/09/01/business/yesterday-outraged-by-apples-tax-dodge-today-by-its-tax-bill.html
Google is taking dozens of Nest engineers to work on the smart home:
http://www.theverge.com/2016/8/30/12716326/alphabet-google-home-nest-developers-smart-home
Tesla to raise additional capital in 2016:
http://www.usatoday.com/story/money/cars/2016/08/31/tesla-motors-capital/89642328/
T-Mobile strikes a nerve with move to single unlimited data plan:
http://www.cnet.com/news/t-mobile-strikes-a-nerve-with-move-to-single-unlimited-data-plan/
Asus ZenWatch 3 review:
http://www.theverge.com/circuitbreaker/2016/8/31/12723358/asus-zenwatch-3-android-wear-smartwatch
Garmin Virb Ultra 30 review:
http://www.wired.com/2016/08/review-garmin-virb-ultra-30/
Qualcomm's next Snapdragon sounds like a graphics powerhouse:
http://www.tomsguide.com/us/snapdragon-821-processor-specs,news-23318.html
"Father of the Boeing 747" dies at 95:
http://www.bbc.com/news/business-37231980
Dogs understand tone and meaning of words:
http://www.npr.org/sections/health-shots/2016/08/30/491935800/their-masters-voices-dogs-understand-tone-and-meaning-of-words
Wow! signal again:
http://www.space.com/33904-seti-mystery-signal-wow-alien-message-debate.html
New Solar System objects revealed:
http://www.bbc.com/news/science-environment-37223076
Ebola may be present in semen for 1 year or more:
http://www.upi.com/Health_News/2016/08/31/Ebola-may-be-present-in-semen-for-year-or-more/9341472631701/
Chronic Fatigue Syndrome may leave a "chemical signature" in the blood:
http://www.livescience.com/55940-chronic-fatigue-syndrome-chemical-signature.html
Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
9:45 Chicago PMI
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
3:00 Farm Prices
Notable earnings this afternoon after the bell: *CRM*, BLOX, SMTC, *BOX*, KANG, CTRP, QUNR, *SCVL*, FIVE, OXM, OLLI
And tomorrow before the open: *CPB*, XCRA, *CIEN*, MEI, *VRA*, *LE*, AVAL, GCO, DLMAF, CBWBF