Apple Today - 10/27/2015 (AAPL)
seymour_greenz • October 27th 2015 09:28:26 AM
Good Morning,
NASDAQ Futures are down 4 with -9 Fair Value, Dow Futures are down 43 as we await Apple earnings this afternoon. Asian markets were mixed, with China and Hong Kong closing up 0.14% and 0.11, respectively. On the other hand, Japan closed down 0.9%. European markets are currently lower, UK, Germany and France are all down about 0.5%. Alibaba (BABA) reported earnings this morning, beat expectations and is currently up over 8%, a China surprise having a positive effect on AAPL pps this morning. On the other side of the coin, American Capital Agency Corp (AGNC) is currently down over 3.5% after reporting earnings yesterday afternoon and Cheesecake Factory (CAKE) slipped nearly 6% this morning after reporting a soft Q4 outlook. Apple (AAPL) reports after the bell today along with a number of others including Twitter (TWTR), Express Scripts (ESRX) and Panera Bread (PNRA).
AAPL had a rough day yesterday, conceding the cheerful 119 OPEX on Friday and losing all of Friday's gains. Trouble brewed in pre-market and AAPL opened lower at 118, hit a peak of 118.12 and immediately sold down to 116 on extremely high volume. The rest of the day struggled in the 115-zone with a brief dip under 115 to 114.92 on high volume and ultimately ended the intra-day session near the day's low at 115.28. After-hours was uneventful with AAPL trading in a narrow range with AAPL losing another 8 cents to 115.2.
This morning in pre-market, AAPL picked up at 115.24 and by 5:08am sold down to 114.43 on low volume. AAPL subsequently recovered 115 and staged a comeback around 7:30am, hitting a pre-market high of 115.94 on higher volume, perhaps in "conjunction" with Alibaba's earnings report before settling slightly. AAPL is currently up 27 cents at 115.55.
Classic max-pain is 115. Today is AAPL earnings.
Stocks await Apple and the Fed:
http://www.usatoday.com/story/money/markets/2015/10/27/stocks-pause-ahead-fed-meeting-apple-earnings/74668556/
China September industry core earnings fall:
http://www.reuters.com/article/2015/10/27/us-china-economy-industry-idUSKCN0SL04520151027
Home prices up in August:
http://www.bloomberg.com/news/articles/2015-10-27/august-home-prices-in-20-u-s-cities-appreciate-at-faster-pace
UK economy expands less than expected:
http://www.bloomberg.com/news/articles/2015-10-27/u-k-economy-expanded-less-than-forecast-as-production-cooled
Alibaba shakes off China slowdown?
http://www.bloomberg.com/news/articles/2015-10-27/alibaba-second-quarter-sales-beat-estimates-on-merchants-ads
Ford misses estimates:
http://www.bloomberg.com/news/articles/2015-10-27/ford-profit-misses-estimates-as-taxes-delay-payoff-from-f-150
T-Mobile impressed, but is it enough?
http://www.cnet.com/news/t-mobile-rides-uncarrier-wave-as-consumers-continue-to-flock-to-its-service/
Comcast beats?
http://money.cnn.com/2015/10/27/media/comcast-third-quarter-earnings/
Apple TV orders roll in:
http://www.macrumors.com/2015/10/26/apple-tv-orders/
Who uses iPhone?
http://appleinsider.com/articles/15/10/27/study-apple-pay-has-more-gen-x-users-than-millennials-but-adoption-slowing
Apple fights DOJ:
http://www.bloomberg.com/news/articles/2015-10-26/apple-fights-doj-bid-to-force-it-to-help-unlock-iphone
The Walmart drones are coming:
http://www.forbes.com/sites/nicoleleinbachreyhle/2015/10/27/walmart-announces-plans-to-test-drone-deliveries-customers-reveal-theyre-ready/
Electric Honda:
http://www.slashgear.com/driving-this-electric-honda-was-more-fun-than-the-new-nsx-27411661/
Persian Gulf too hot for humans?
https://www.bostonglobe.com/news/nation/2015/10/26/report-says-climate-change-could-push-persian-gulf-temperatures-lethal-extremes/8RvxLlDbgnl0co4PSywagP/story.html
Is this comet drunk?
http://cnnphilippines.com/lifestyle/2015/10/27/comet-lovejoy-spews-alcohol.html
Bacon causes cancer:
http://www.wired.com/2015/10/who-does-bacon-cause-cancer-sort-of-but-not-really/
Also, sugar is toxic:
http://time.com/4087775/sugar-is-definitely-toxic-a-new-study-says/
Today's Economic Calendar:
FOMC meeting begins
8:30 Durable Goods
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
9:45 PMI Services Index Flash
10:00 Richmond Fed Mfg.
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
Notable earnings after today's close: *AAPL*, ABAX, *AFL*, AIN, AIZ, *AKAM*, APC, ATRC, AXS, BBOX, BGFV, BGS, BOOM, BUSE, BXMT, CAGDF, CAI, CBG, CEB, CHRW, CINF, CLD, CLMS, CMP, CNI, CSFL, CUZ, CVA, CYBE, DDR, DHIFF, EIX, *ESRX*, *ETH*, FEIC, FISI, FISV, *FNF*, FNFV, FSP, *GILD*, GNMK, GOOD, HIW, HLIT, HT, INFN, IPCM, IPHI, JBT, KTCC, LMAT, MDWD, MRCY, MSL, NATI, NCR, NHTC, NMIH, NUVA, NVMI, OI, OMI, PEGA, PEI, *PNRA*, PSB, QTS, RGC, RPT, RPXC, RSYS, RUBI, SAPMY, *SFLY*, SKT, SKYW, SLCA, SM, SMTX, STAG, STLY, TRMK, TSS, *TWTR*, UHS, ULTI, UMBF, VCRA, VDSI, VICR, VRSK, WNC, WSH, XCO, ZLTQ
And tomorrow before the open: ACCO, ADP, AGCO, AIT, AJG, *AN*, ANTM, APO, *ARW*, AXTA, BAH, BBSI, BDC, BELFB, BGCP, BLDP, BOKF, *BSX*, BZC, *CARB*, CBZ, CFPZF, CFR, CG, CHMT, CMC, COT, DHIL, DHX, DSPG, DX, EDGW, ESIO, EVER, *EVR*, Evercore Partners Inc., 10/28/2015, Pre-Market, FCAU, FCF, FDML, FLIR, FSV, *GD*, GFIG, GHM, GNRC, *HES*, *HLT*, HOT, *HSY*, HTA, HTS, IBP, IDXX, *IP*, JLL, KOF, LFUS, *LVLT*, MAC, MDLZ, MEGEF, MHH, MPX, NEE, NEP, NMR, NOC, NOV, NPO, NSC, OXY, *PCG*, Q, RDWR, RES, ROCK, ROL, SAH, SAIA, SFD, SLAB, SMED, SNCR, SO, SONS, SSE, STO, STRA, TECH, TEL, TGI, TKR, TRK, UMC, USAP, VLO, VLY, VNTV, WBA, WCIC, WEX, WOOF, XRAY