Apple Today - 10/05/2015 (AAPL)
seymour_greenz • October 5th 2015 09:29:20 AM
Good Morning,
NASDAQ Futures are up 28 with +34 Fair Value, Dow Futures are up 108. Futures have improved considerably from last night. China is also in the green while Europe markets are currently rallying 2% to 3%. Oil is up nearly 1%, on the other hand gold is in the red. Google officially becomes Alphabet today. Twitter names Dorsey CEO. The Container Store (TCS) reports after the bell.
AAPL had a down week last week losing about 4%. With a high point over 114 on Monday morning at the open, AAPL failed to hold 113 by the end of day. The real trouble went down on Tuesday when AAPL dropped over the entire day from mid 113 to below 108. The rest of the week AAPL struggled in the 107 to 110 range and ended the week on a "relative" high note by reclaiming the 111 by the end of day on Friday. AAPL closed the intra-day session and week out at 110.38 and there was little change in after-hours.
This morning in pre-market, AAPL opened up higher at 110.98 on low volume and hovered around the upper 110 area in early morning pre-market trading. After crossing 111, AAPL reached a peak of 111.1 at 6:20am on moderate volume before turning sour on "high volume" after 7:30am on Citi Suva "gross margin model s" comments. AAPL briefly dropped below 110 to 109.87 at 7:50am on extremely high volume before a bounce to 110.24 on more high volume. After the bounce at 8:42am, AAPL hit a pre-market low of 109.5 where it is currently attempting to recover 110. Contrary to the Futures, AAPL is currently down 53 cents at 109.85.
Classic max-pain is 111.
Stocks up on rate hike delay?
http://www.reuters.com/article/2015/10/05/us-markets-global-idUSKCN0RZ00A20151005
Dorsey officially Twitter CEO:
http://www.nytimes.com/2015/10/06/technology/twitter-names-jack-dorsey-chief-executive.html
American Apparel files bankruptcy:
http://www.usatoday.com/story/money/2015/10/05/american-apparel-files-chapter-11-bankruptcy/73365964/
Bernanke on jail time for execs:
http://www.usatoday.com/story/news/politics/2015/10/04/ben-bernanke-execs-jail-great-recession-federal-reserve/72959402/
Apple takes top brand spot, Google #2:
http://www.cnet.com/au/news/apple-google-lead-tech-takeover-of-top-global-brands/
6s review, s for speed:
http://www.zdnet.com/product/apple-iphone-6s/
Apple Watch at Target:
http://www.zacks.com/stock/news/192406/apple-watch-will-availability-at-target-stores-boost-sales
Beware malware YiSpecter:
http://www.zdnet.com/article/yispecter-malware-can-bypass-apple-app-store-checks-to-infect-iphones-and-ipads/
Don't be evil?
http://www.washingtonpost.com/news/morning-mix/wp/2015/10/05/alphabet-now-googles-overlord-ditches-dont-be-evil-in-favor-of-do-the-right-thing/
Play Store in Windows 10?
http://www.techtimes.com/articles/91506/20151005/google-is-bringing-its-play-store-apps-to-windows-10-rumor.htm
Adobe updates Creative Cloud:
http://techcrunch.com/2015/10/05/adobe-updates-creative-cloud-with-focus-on-improved-workflows-and-mobile-announces-new-portfolio-service/
Microsoft just saved you $150:
http://arstechnica.com/gaming/2015/10/microsoft-saves-gamers-129-brings-xbox-one-button-remapping-to-all-controllers/
Tesla delivers:
http://www.fastcompany.com/3051872/tech-forecast/tesla-and-the-mainstreaming-of-the-electric-car
Ad blockers good for everyone except advertisers:
http://www.techtimes.com/articles/91362/20151003/ios-ad-blockers-help-you-browse-faster-and-save-money-nyt-study-finds.htm
Is the world getting richer?
http://www.forbes.com/sites/timworstall/2015/10/05/world-bank-less-than-10-of-the-world-will-be-poor-this-year/
ATM fees on the rise:
http://money.cnn.com/2015/10/05/pf/atm-overdraft-fees/
AR makes coloring books cool:
http://www.techtimes.com/articles/91215/20151005/coloring-books-are-cool-again-as-researchers-use-ar-to-turn-pages-into-3d.htm
More on IBM nanotube breakthrough:
http://www.zdnet.com/article/ibm-claims-breakthrough-on-carbon-nanotubes/
Evian on Mars?
http://www.huffingtonpost.com/entry/drink-water-mars_5611efd2e4b0af3706e13449
Meet Kimbetopsalis:
http://www.washingtonpost.com/news/morning-mix/wp/2015/10/05/scientists-discover-furry-new-post-apocalyptic-critter-that-survived-demise-of-the-dinosaurs/
Nobel Prize week:
http://www.nytimes.com/2015/10/05/nytnow/latest-news-nobel-prize-in-medicine-south-carolina-floods-and-more.html
Today's Economic Calendar:
8:30 Gallup US Consumer Spending Measure
9:45 PMI Services Index
10:00 Labor market condition index
10:00 ISM Non-Manufacturing Index
12:30 TD Ameritrade IMX
Notable earnings after today's close: RATE, TCS, FORM
And tomorrow before the open: PEP