Apple Today - 12/02/2015 (AAPL)
seymour_greenz • December 2nd 2015 09:39:17 AM
Good Morning,
NASDAQ Futures are up 3 with +4 Fair Value, Dow Futures are down 20 on a busy day of economic data, including a speech from Janet Yellen this afternoon. Futures were further up earlier this morning and flat last night.
Asian markets were mostly up today with the exception of Japan. China closed up 2.33%, Hong Kong gained 0.44% and Japan dropped 0.37%. European markets are currently mixed. The UK is in the green by 0.34% while Germany and France are down 0.41% and 0.29%, respectively. Commodities are mostly down this morning with natural gas currently down by 1.75% and oil down by approximately 1.12%. Gold is holding on to a small gain in pre-market with 0.11%.
According to ADP, US Companies added 217,000 workers in November. US Q3 productivity has been revised upward, though the trend is still weak and manufacturing in US has been reported to have contracted at its fastest pace since 2009.
A number of retailers are scheduled to report results after the close today, including American Eagle Outfitters (AEO), Aeropostale (ARO), New York & Co (NWY) and PVH (PVH), the company behind the Calvin Klein and Tommy Hilfiger brands. Also look for earnings from cloud storage company Box (BOX) this afternoon. Tomorrow before the open, discount retailer Big Lots (BIG) and lawn equipment manufacturer Toro Company (TTC) will be reporting.
AAPL had a tough Tuesday, losing 0.81%. Yesterday's pre-market looked pretty with AAPL gravitating towards 119 good but AAPL failed to reach that high at the open and pretty quickly turned red on moderately high volume after the open. After a test of 118 just after 10am on low volume, AAPL struggled to stay afloat and in the green for the rest of the morning until 118 was lost mid-lunchtime. Low but steady selling volume brought AAPL down to 117 by mid-afternoon and AAPL hit a low of 116.86 while seeing an increase in volume. Bouncing from there, AAPL seemed to be heading towards 117.5 but missed the mark and closed down 96 cents at 117.34. After-hours, while generally in a narrow range, saw additional selling pressure bringing AAPL down an additional 15 cents to 117.19.
This morning in pre-market, AAPL opened up higher on low volume in conjunction with Futures and seemed to hug the 117.5 line for most of the morning. As Futures worsened, AAPL dropped in pre-market and got pulled down towards 117 and yesterday's low. By 8:38am, AAPL hit a low of 116.9 on high volume before bouncing back toward 117. AAPL is currently down 35 cents to 116.99.
Classic max-pain is 118.
US Companies added 217,000 workers in November - ADP:
http://www.bloomberg.com/news/articles/2015-12-02/adp-says-companies-u-s-added-217-000-workers-in-november
US Q3 productivity revised up, trend still weak:
http://www.reuters.com/article/2015/12/02/us-productivity-nonfarm-idUSKBN0TL1EG20151202
Manufacturing in US contracts at fastest pace since 2009:
http://www.bloomberg.com/news/articles/2015-12-01/manufacturing-in-u-s-unexpectedly-shrinks-most-since-june-2009
Yellen has a busy day ahead:
http://www.reuters.com/article/2015/12/02/us-usa-fed-yellen-idUSKBN0TL0CN20151202
ECB stimulus hopes keep Europe stocks at three-month high:
http://www.reuters.com/article/2015/12/02/us-global-markets-idUSKBN0TL02H20151202
Toyota, Nissan gain share as US continues 3-month boom:
http://www.bloomberg.com/news/articles/2015-12-01/fiat-chrysler-november-sales-rise-as-u-s-carmakers-near-record
Mark Zuckerberg to donate 99% of his Facebook shares:
http://www.nytimes.com/2015/12/02/technology/mark-zuckerberg-facebook-charity.html
Yahoo for sale?
http://www.nytimes.com/2015/12/02/business/dealbook/yahoos-board-is-said-to-weigh-selling-off-core-business.html
Oil woes:
http://www.reuters.com/article/2015/12/02/opec-meeting-idUSL8N13R1T120151202
IMF approves reserve-currency status for Yuan:
http://www.bloomberg.com/news/articles/2015-11-30/imf-backs-yuan-in-reserve-currency-club-after-rejection-in-2010
Apple's headphone jack controversy:
http://www.zdnet.com/article/the-case-for-and-against-ditching-the-iphone-headphone-jack/
Samsung VR browser:
http://mashable.com/2015/12/02/samsung-web-browser-gear-vr/#TjtzMfm36iqS
LinkedIn launches updated mobile apps:
http://techcrunch.com/2015/12/01/linkedin-launches-revamped-mobile-apps-but-noise-remains-a-big-problem/
Microsoft HoloLens app idea contest:
http://www.pcworld.com/article/3010627/gadgets/microsoft-launches-a-contest-give-us-your-great-hololens-app-idea-and-well-build-it.html
Lenovo and the affordable ThinkPad P50s and ThinkStation P310:
http://www.zdnet.com/article/windows-10-race-lenovo-chases-affordability-with-thinkpad-p50s-thinkstation-p310/
DirecTV promises live 4K channels in early 2016:
http://nysepost.com/directv-promises-live-4k-channels-in-early-2016-62712
The great and mysterious PS4 core unlock:
http://www.forbes.com/sites/olliebarder/2015/12/02/unlocking-a-new-cpu-core-on-ps4-is-great-but-more-is-going-on-here/
SSD pricing now rivals HD:
http://www.computerworld.com/article/3010395/solid-state-drives/consumer-ssds-and-hard-drive-prices-are-nearing-parity.html
Microsoft, Apple, at peace:
http://mashable.com/2015/12/02/microsoft-offers-apple-a-christmas-olive-branch-in-surprising-new-ad/#or0qbOH1OkqG
Is Flash really dead?
http://www.macworld.com/article/3011093/software/adobe-isnt-killing-flash-just-changing-the-name-of-the-tool-that-makes-it.html
BlackBerry Priv update:
http://www.techtimes.com/articles/112673/20151202/blackberry-priv-first-software-update-arrives-what-it-contains-and-how-to-get-it.htm
Google follows Pinterest:
http://www.techtimes.com/articles/112559/20151202/google-image-search-will-let-you-save-searches-like-pinterest.htm
Your fears about the genetic engineering revolution are... overblown?
http://www.huffingtonpost.com/entry/crispr-gene-editing-conference_565e03f4e4b079b2818c1c97
Or are they?
http://www.livemint.com/Politics/EERwkGIgOPEf9g27RLhh2N/China-clone-factory-scientist-eyes-human-replication.html
Dino "disco" discovered:
http://www.csmonitor.com/Science/2015/1201/A-dinosaur-disco-170-million-years-ago-in-Scottish-lagoon
Einstein must wait a little longer to test his ultimate theory:
https://www.newscientist.com/article/dn28599-rocket-launch-problems-delay-test-of-einsteins-ultimate-theory/
Elon escalating rocket race:
http://qz.com/562972/elon-musk-and-spacex-are-escalating-the-race-for-reusable-rockets/
Super-diamonds are a scientist's best friend:
http://www.cnn.com/2015/12/01/tech/super-diamond-q-carbon-scientists-laser/index.html
FDA celery recall expanded:
http://abcnews.go.com/US/fda-celery-recall-expanded-major-grocery-stores/story?id=35526676
NYC to spend $23M per year on new plan to fight AIDS:
http://www.nydailynews.com/news/politics/nyc-spend-23m-year-new-plan-fight-aids-article-1.2451792
Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Productivity and Costs
8:30 Gallup U.S. Job Creation Index
9:00 Daniel Tarullo speech
10:30 EIA Petroleum Inventories
12:25 PM Janet Yellen speech
2:00 PM Fed's Beige Book
3:40 PM Fed's Williams: Economic Outlook
Notable earnings after today's close: *AEO*, *ARO*, ASPU, *AVGO*, *BOX*, BV, CCIH, MTSC, NWY, PLAB, PSUN, *PVH*, RKNEF, SNPS, TLYS, VMEM, VRNT
And tomorrow before the open: *BIG*, EKTAF, GCO, HOV, MCC, *TTC*