Apple Today - 10/14/2015 (AAPL)
seymour_greenz • October 14th 2015 09:30:33 AM
Good Morning,
NASDAQ Futures are up 9 with +8 Fair Value, Dow Futures are up 25. Futures were red earlier on continuing China concerns and recently improved to green as we approach the open. Global markets are various shades of red this morning with Japan down 1.89% while China's Shanghai Composite dropped 0.93% and Hong Kong's Hang Seng is lower by 0.71%. European markets are also lower today with UK, Germany and France all currently down between 0.1% and 0.5%. Oil and gold are up slightly in pre-market, natural gas is down. Retail sales rise less than expected. Intel (INTC) reported earnings last night and is currently down over 2%. Bank of America (BAC) announced earnings this morning and is up over 1%, on the other hand Wells Fargo (WFC) is down as much after their report. Netflix (NFLX) is reporting after the bell this afternoon and Citigroup (C), Goldman Sachs (GS) and a number of others are scheduled for tomorrow morning.
Yesterday AAPL had a rough pre-market yet managed to break out of the gloom and turn green almost immediately. By early morning trading, AAPL was well over 112 and reached a peak of 112.45 on moderate volume att 11:08am before drifting back towards 111.5 and oscillating in the upper 111 area for an hour or so. By 3pm, AAPL made another attempt on moderate volume, reaching 112.2 before gravitating once again back to 111.5 and ending the intra-day session at 111.79. After-hours started out uneventful but started selling off after 6pm, seemingly in conjunction with the Wisconsin Alumni Research Foundation (WARF) patent lawsuit loss, and hit as low as 111.13 by 7:26pm. After-hours wrapped up with AAPL at 111.22, losing 57 cents.
This morning in pre-market, AAPL picked up where after-hours left off and opened lower. A single share brought the price to 111.56 at 5:40am before the descent continued and AAPL bottomed at 110.86 at 7:56am on relatively high volume before bouncing back towards 111. AAPL is currently down 66 cents at 111.13.
Classic max-pain is 115.
Retail sales rise less than expected:
http://www.bloomberg.com/news/articles/2015-10-14/retail-sales-rise-less-than-forecast-as-americans-boost-savings
Wholesale prices decline:
http://www.bloomberg.com/news/articles/2015-10-14/wholesale-prices-in-u-s-decline-by-most-since-start-of-year
UK unemployment drops to 2008 lows:
http://www.bloomberg.com/news/articles/2015-10-14/u-k-jobless-rate-unexpectedly-drops-to-5-4-least-since-2008
Weak quarter for China?
http://www.reuters.com/article/2015/10/14/us-china-economy-gdp-idUSKCN0S80I520151014
Gold at highs:
http://www.bloomberg.com/news/articles/2015-10-14/gold-at-seven-week-high-on-lower-odds-for-fed-move-this-year
Bank of America posts profit:
http://www.reuters.com/article/2015/10/14/us-bank-of-america-results-idUSKCN0S818120151014
Wells Fargo beats:
http://www.bloomberg.com/news/articles/2015-10-14/wells-fargo-beats-estimates-on-increased-loans-interest-income
Intel mixed:
http://www.engadget.com/2015/10/13/intel-q3-2015-earnings-drop/
Big beer deal proceeds:
http://www.latimes.com/business/la-fi-beer-deal-20151014-story.html
Apple's Wisconsin Alumni Research Foundation (WARF) patent lawsuit loss:
http://www.bbc.com/news/technology-34524785
http://www.cnet.com/uk/news/apple-faces-862-million-fine-after-losing-processor-patent-punch-up/
Is Apple out of the literary woods?
http://www.techtimes.com/articles/95064/20151014/apples-rocky-two-year-relationship-with-e-book-antitrust-monitor-is-ending-did-apple-learn.htm
New Apple iMac is a sharp bet:
http://www.cnet.com/products/apple-imac-with-4k-retina-display-21-5-inch-2015/
New MacBook?
http://www.technobuffalo.com/2015/10/13/macbook-with-touch-id-sensor-shows-up-in-apple-patent/
2016 Chevy Volt test drive:
http://www.slashgear.com/2016-chevrolet-volt-first-drive-13409405/
Meet the new Microsoft:
http://www.pcworld.com/article/2991770/computers/microsofts-more-personal-computing-is-the-next-major-hardware-company.html
Meet Windows 10 hybrids:
http://www.zdnet.com/pictures/5-good-windows-10-hybrids-that-rival-the-microsoft-surface-book/
Uber delivers:
http://techcrunch.com/2015/10/14/uber-takes-on-postmates-with-uberrush-to-deliver-all-the-retail-things-to-you/
Get ready for AR:
http://www.pcmag.com/article2/0,2817,2493103,00.asp
Great red spot!
https://www.washingtonpost.com/news/speaking-of-science/wp/2015/10/14/dazzling-new-images-of-jupiter-show-the-shrinking-of-the-great-red-spot/
Mars water:
http://www.csmonitor.com/Science/2015/1014/Did-Mars-once-have-rivers-The-pebbles-say-yes
Carbs... good or bad?
http://www.cnn.com/2015/10/14/health/health-effects-of-carbs-where-do-we-stand/
Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:30 Producer Price Index
8:30 Retail Sales
10:00 Business Inventories
2:00 PM Fed's Beige Book
Notable earnings after today's close: BXMT, CNS, DRWI, KMG, NEPT, NFLX, PCBK, UFPI, WTFC, XLNX
And tomorrow before the open: BBT, BURBY, BX, C, CPSS, FCS, FRC, GS, HOMB, INDB, KEY, LNN, MTG, MYCC, NORD, PM, PPG, PSG, TSM, UL, UNH, USB, VAC, WBS, WGO, WNS