Apple Today - 10/13/2015 (AAPL)
seymour_greenz • October 13th 2015 09:31:15 AM
Good Morning,
NASDAQ Futures are down 25 with -22 Fair Value, Dow Futures are down 76. The global sour mood is on a "reprieve of weakness in China trade data", indicating potential economic issues for the world's second largest economy. Surprisingly, Asian markets closed mixed, with Shanghai actually up 0.17% and Hang Seng down 0.57%. Japan was the worst affected Asian market and closed down 1.11%. European markets are currently down around 1-2%, on average, with the UK fairing the best, under 1% down. Oil and gold are flat. Low oil prices may take a toll on the Russian economy as well, according to Russian finance minister Siluanov. Anheuser-Busch InBev and SABMiller are progressing on their takeover plans. Pepsi (PEP) is reportedly working on a new smartphone called the Pepsi P1 in a marketing push. Earnings season heats up with Intel (INTC) and a number of others reporting this afternoon after the bell, and bank giants Bank of America (BAC) and Wells Fargo (WFC) tomorrow morning. Johnson & Johnson (JNJ) is currently down 2% after reporting this morning.
While pre-market yesterday appeared very promising with AAPL touching 113, AAPL suffered a weak open and quickly lost 112 and turned red for the day. Though there was a brief bounce in the morning with an attempt to reclaim 112 that peaked 112.32 at 10:34am on moderate volume, AAPL slipped into the afternoon and reached a low of 111.44 by 1:16pm on moderate volume. Another bounce later that hour briefly regained 112 but was sold on moderate volume and AAPL drifted down closing near the intra-day low at 111.58. After-hours gained 9 cents to 111.67.
This morning in pre-market, AAPL opened lower in conjunction with Futures at 111.05, at 4:06am on low volume and dropped as low as 110.69 at 5:12am on light volume before running back up to 111 and reaching a pre-market peak of 111.2 on higher volume, aided in part by a 110,900 institutional trade at 8am at 111.05. Since, AAPL has been struggling with the 111 and is currently down 64 cents at 110.94.
Classic max-pain is 115.
Futures down on China trade data:
http://www.reuters.com/article/2015/10/13/us-markets-stocks-idUSKCN0S71AJ20151013
Stocks retreating?
http://www.usatoday.com/story/money/markets/2015/10/13/stocks-set-retreat-weak-china-data-earnings-angst/73857616/
Oil surplus into 2016?
http://www.bloomberg.com/news/articles/2015-10-13/oil-surplus-to-persist-in-2016-as-iea-sees-demand-growth-slowing
Gold down on profit taking?
http://www.reuters.com/article/2015/10/13/markets-precious-idUSL3N12D37120151013
AB InBev, SABMiller deal brewing:
http://www.reuters.com/article/2015/10/13/us-sabmiller-m-a-a-b-i-idUSKCN0S70GJ20151013
Twitter layoffs:
http://techcrunch.com/2015/10/13/twitter-is-laying-off-8-percent-of-the-company/
Johnson & Johnson reports:
http://www.usatoday.com/story/money/2015/10/13/johnson-and-johnson-share-buyback-plan/73855774/
Fortress's Novogratz is done:
http://www.bloomberg.com/news/articles/2015-10-13/fortress-s-novogratz-said-to-plan-exit-after-two-years-of-losses
Apple iMac 2015 review:
http://www.cnet.com/au/news/apple-updates-imacs-with-better-screens-faster-processors/
The passion of the Apple:
http://www.forbes.com/sites/ewanspence/2015/10/13/apple-store-design-church-cult-apple/
Facebook testing shopping:
http://www.wired.com/2015/10/facebook-testing-shopping-section-app/
Adobe and DocuSign sign alliance:
http://fortune.com/2015/10/13/adobe-docusign-electronic-signature-alliances/
Pepsi phone?
http://www.computerworld.com/article/2992098/byod/android-pepsi-p1-200-china-itbwcw.html
One remote to rule them all:
http://www.forbes.com/sites/aarontilley/2015/10/13/luxury-home-automation-company-savant-launches-a-remote-for-controlling-everything-in-your-home/
New Prius hybrid:
http://www.cbsnews.com/news/new-prius-hybrid-toyota-reveals-details/
25k tax deduction for a Tesla?
http://www.latimes.com/business/autos/la-fi-hy-tesla-tax-break-20151013-story.html
After 60 years, DNA shape still surprises:
http://www.huffingtonpost.com/entry/dna-study-yields-supercoiled-shapes_561be6cfe4b0e66ad4c8a07c
Are you a pig?
https://www.washingtonpost.com/news/speaking-of-science/wp/2015/10/13/gene-editing-could-make-pig-to-human-organ-transplants-a-reality/
Today's Economic Calendar:
6:00 NFIB Small Business Optimism Index
8:00 Fed's Bullard: U.S. Economy and Monetary Policy
8:55 Redbook Chain Store Sales
2:00 PM Treasury Budget
Notable earnings after today's close: ADTN, CSX, HAWK, IDT, INTC, JPM, LLTC, OZRK, SAR, VOXX
And tomorrow before the open: BAC, BLK, DAL, LRN, PNC, WFC