Apple Today - 9/06/2016 EVENT (AAPL)
seymour_greenz • September 6th 2016 09:37:56 AM
Good Morning,
Welcome back! NASDAQ Futures are up 5 with +1 Fair Value, S&P Futures are up 2 with +1 Fair Value and Dow Futures are up 19 as we all await Apple's big event at 1pm on this September Tuesday with a busy economic calendar and a dash of earnings. Futures were up in early morning and reached a peak just ahead of 5:30am before retreating slightly and are up near the highs as we approach the open.
Asian markets ended up. China gained 0.61%, Hong Kong went up 0.58% and Japan advanced 0.26%. European markets are mixed. The UK is down 0.33%, Germany is up 0.34% and France is up 0.11%.
Commodities are mixed this morning. Oil is up 0.45%, natural gas is down 1.61% and gold is up 0.71%. Unleaded gas is up 1.18% and heating oil is up 0.67%. Metals are up strong. Meat is down hard. Cocoa, coffee and cotton are up while corn, wheat and soybeans are down.
Futures flat as investors assess rate hike chances. Bayer sweetens Monsanto bid as talks enter final stretch.
Marvell Technology Group Ltd (MRVL) reported Q2 earnings that missed expectations along with a weak forecast and is down nearly 4.5% in pre-market.
This afternoon after the bell, look out for earnings from Hudson's Bay Co (HBAYF) and Dave & Buster's Entertainment, Inc. (PLAY).
Tomorrow morning before the open, HD Supply (HDS) and Francesca's Holdings Corp. (FRAN) are expected to report.
AAPL had a good week headed into Labor Day and the new product event, ending up 0.74% on low volume. On Monday, AAPL kicked off the week in the mid-106 area, striving for the mid-107 area but slipping below 107 on low volume as sharks circled. On Tuesday, AAPL was hit with a "speeding ticket" from the EU and dipped as low as the mid-105 area before bouncing back to 106 on low volume. On Wednesday, AAPL splashed along the 106 water-line and then melted into it, ending up slightly on low volume. On Thursday, aside from a morning dip in the road, AAPL started a drive up through beautiful rolling green hills with more in the distance, ending up on low volume. On OPEX Friday, AAPL ended up 0.94% on low volume. AAPL opened up at 107.67 to high volume and set a fleeting intra-day high of 108.00 before taking a dip to 107 to set an intra-day low of 106.82 at 12:22pm on mild volume and then bouncing back to recover the mid-107 area by 3pm and running up another 25 cents into the close on mild volume to land OPEX up in space an even dollar at 107.73 and gained another 2 cents in after-hours to 107.75.
This morning in pre-market, AAPL picked up with Friday's after-hours and continued driving up through green hills to 108. AAPL breached the mid-107 area and hit a pre-market high of 108.20 at 6:38am while the pending Apple event grows "clearer". AAPL is currently up 35 cents at 108.08 as we approach the open.
Classic max-pain is 106. Today is Apple's new product event, kicking off at 1pm.
Futures flat as investors assess rate hike chances:
http://www.reuters.com/article/usa-stocks-idUSL3N1BI394
Bayer sweetens Monsanto bid as talks enter final stretch:
http://www.reuters.com/article/us-monsanto-m-a-bayer-idUSKCN11B2G9
What to expect when you're expecting new Apple products:
http://arstechnica.com/apple/2016/09/apple-september-7th-event-what-to-expect/
Apple VR headset?
http://www.macworld.com/article/3114577/hardware/what-to-expect-and-not-to-expect-at-apples-event-from-iphone-7-to-a-vr-headset.html
Apple Music tops 10 million downloads on Android:
http://www.techtimes.com/articles/176455/20160906/apple-music-tops-10-million-downloads-on-android.htm
Apple slipping in China?
http://www.zdnet.com/article/as-iphone-7-looms-apples-ios-slips-further-behind-in-china/
A 7-inch Google tablet built by Huawei could be on the way:
http://www.theverge.com/2016/9/5/12804230/7-inch-google-tablet-huawei-rumor
AMD ships its extra-efficient 7th-generation processors in PCs:
https://www.engadget.com/2016/09/05/amd-7th-generation-desktop-processors-ship/
British Airways computer problems cause widespread delays:
http://www.nytimes.com/2016/09/07/business/british-airways-says-computer-problems-cause-widespread-delays.html?_r=0
Intel is acquiring Movidius, maker of compact computer vision chips. Skynet?
http://www.cnet.com/news/intel-is-acquiring-movidius-maker-of-compact-computer-vision-chips-think-vr-ar-drones-robots/
GE wants these two 3D printing companies for $1.4 billion:
http://www.zdnet.com/article/ge-wants-to-buy-these-two-3d-printing-companies-for-1-4bn/
What self-driving cars will mean for auto stocks:
http://fortune.com/2016/09/06/auto-stocks-tesla-gm-ford/
Lego continues to build up sales:
http://www.bbc.com/news/business-37285409
Snapchat AR?
http://www.vanityfair.com/news/2016/09/snapchat-could-be-working-on-its-own-augmented-reality-glasses
Bragi's new wireless earbuds:
http://www.theverge.com/2016/9/5/12798640/bragi-wireless-headphones-earbuds-price-release-date
Americans now spend half the time that they are online on smartphone apps:
http://www.techtimes.com/articles/176409/20160906/americans-now-spend-half-the-time-that-they-are-online-on-smartphone-apps-whats-behind-the-trend.htm
John McAfee sues Intel to use his own name:
http://www.newsweek.com/mcafee-sues-intel-name-lawsuit-495797
The Giant Panda is no longer endangered:
http://www.nytimes.com/2016/09/07/science/giant-panda-endangered-vulnerable.html
Philae Lander's Grave on comet found after nearly 2-year search:
http://www.space.com/33971-lost-philae-comet-lander-finally-found-photos.html
An MIT astrophysicist explains what we’d see on a trip to Earth-like planet Proxima b:
http://qz.com/774251/an-mit-astrophysicist-explains-what-wed-see-on-a-trip-to-earth-like-planet-proxima-b/
Planet smash-up brought carbon to Earth:
http://www.bbc.com/news/science-environment-37276218
Alzheimer's could be caused by toxic air pollution particles found in brain tissue:
http://www.bbc.com/news/science-environment-37276219
Mouse study suggests brain circuit involved in sleep-wake cycle:
http://health.usnews.com/health-care/articles/2016-09-05/mouse-study-suggests-brain-circuit-involved-in-sleep-wake-cycle
Zika vaccine waits on Congress:
http://www.usatoday.com/story/opinion/2016/09/05/zika-congress-funding-vaccine-niaid-fauci-mosquitos-sexual-transmission-babies-outbreak/89889250/
Today's Economic Calendar:
8:30 Gallup US Consumer Spending Measure
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX
2:00 PM Gallup US ECI
8:30 PM Fed's Williams: Economic Outlook
Notable earnings this afternoon after the bell: MJDLF, CASY, NX, HQY, SIGM, *HBAYF*, LAYN, SPA, *PLAY*
And tomorrow before the open: SHLO, *HDS*, JW.A, *FRAN*, MBUU, BTDPF