Apple Today 09/28/2015 6s Sales (AAPL)
seymour_greenz • September 28th 2015 09:28:44 AM
Good Morning,
NASDAQ Futures are down 24 with -22 Fair Value, Dow Futures are down 94. Futures have been getting worse as the morning progresses. China was red earlier in the session but wound up closing in the green. European markets are currently trading lower. Brazil may be the "next China" and a "government shutdown" is waiting to pounce. Oil is down sharply, 2%. Consumer spending rises. Alcoa (AA) will split in 2016, stock is up 6% in pre-market. Costco (COST) reports before the bell tomorrow and may be a good indicator, particularly now with new payment partners willing to accept historic near-zero processing fees:
http://www.bloomberg.com/news/articles/2015-04-17/costco-seen-paying-almost-zero-to-accept-cards-in-citigroup-deal
AAPL had a moderately good, if bouncy, week, with dips on Tuesday and Thursday and a reaching a high point on Friday, ultimately closing up for the week. AAPL peaked as high as 116.69 on Friday before selling down to 114.02 on relatively high volume in late afternoon trading, then bouncing to end the OPEX day at 114.71. Friday was the new iPhone 6s launch day and strong sales numbers were anticipated.
This morning in pre-market, AAPL opened up flat on low volume and dropped in conjunction with Futures, hitting a low of 113.83 on high volume at 8:30am. At that time (8:30am) it was reported that Apple sold 13 million iPhones this opening weekend and AAPL jumped up to 115 within minutes on high volume. AAPL is currently down 64 cents at 114.07 on expected high volume.
Classic max-pain is 114.
Winterkorn investigated for fraud:
http://www.reuters.com/article/2015/09/28/us-volkswagen-emissions-idUSKCN0RP14U20150928
She's Yellen 'bout inflation again?
http://www.bloomberg.com/news/articles/2015-09-27/the-more-yellen-talks-up-inflation-the-less-traders-believe-her
Emerging decline on China concern:
http://www.bloomberg.com/news/articles/2015-09-28/emerging-stocks-decline-after-china-industrial-profits-slump
Consumer spending rises:
http://www.reuters.com/article/2015/09/28/us-consumer-spending-idUSKCN0RS1FB20150928
Oil declines:
http://www.bloomberg.com/news/articles/2015-09-27/oil-halts-advance-near-45-after-capping-second-weekly-increase
Apple sells 13 million iPhones this launch weekend:
http://www.cnet.com/au/news/apple-sells-13-million-iphone-6s-6s-plus-over-first-weekend/
YouTube subscriptions?
http://www.techtimes.com/articles/88750/20150928/youtube-subscription-service-set-for-launch-next-month-what-we-know-so-far.htm
Amazon expands through Detroit:
http://www.nytimes.com/aponline/2015/09/28/us/ap-us-amazon-detroit.html
Alcoa will split in 2016:
http://in.reuters.com/article/2015/09/28/alcoa-split-idINL1N11Y0HZ20150928
Confused? You're not alone:
http://cnnphilippines.com/business/2015/09/28/stock-market-investors-shutdown.html
Whole Foods cutting 1,500 jobs:
http://fortune.com/2015/09/28/whole-foods-jobs/
Precious metals collusion?
http://in.reuters.com/article/2015/09/28/banks-precious-probe-swiss-idINL5N11Y1PK20150928
Musk on 750 mile Tesla range:
http://www.leftlanenews.com/musk-predicts-2020-teslas-will-have-750mile-range-full-autonomous-tech-89787.html
Burger King blackens buns:
http://money.cnn.com/2015/09/28/news/companies/burger-king-black-halloween-whopper/
Did you see the eclipse last night?
http://www.csmonitor.com/Science/2015/0928/Miss-last-night-s-supermoon-eclipse-Don-t-wait-18-years-see-photos-now
Water on Mars?
http://www.csmonitor.com/Science/2015/0927/Big-announcement-Did-NASA-just-find-liquid-water-on-Mars
Lung cancer discoveries:
http://www.techtimes.com/articles/88862/20150928/lung-cancer-can-hit-both-smokers-and-non-smokers-but-researchers-find-differences-in-the-two-groups.htm
Today's Economic Calendar:
8:30 Personal Income and Outlays
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey
1:30 PM Fed's Evans: U.S. Monetary Policy
5:00 PM Fed's Williams Speech
Notable earnings after today's close: CMTL, SNX
And tomorrow before the open: CMN, COST