Apple Today - 12/03/2015 (AAPL)
seymour_greenz • December 3rd 2015 09:44:49 AM
Good Morning,
NASDAQ Futures are up 11 with +20 Fair Value, Dow Futures are up 28 on another busy day of economic data, including more testimony from Yellen at 10am. Futures were up even more earlier this morning.
Asian markets closed mixed. China closed up again, this time by 1.35%, Hong Kong dropped by 0.28% and Japan ended up just above flat at 0.01%. European markets are all currently down, though slightly. The UK is in the red by 0.21%, Germany is down 0.28% and France is down the least at 0.13%. Commodities are mostly up this morning with oil the clear leader, up over 2%. Gold is particularly active this morning and also currently up nearly 0.2% and natural gas is lagging, down nearly 0.3%.
US jobless claims were reported to have increased, however the trend is consistent with overall labor market strength.
American Eagle Outfitters (AEO) is up nearly 3% after reporting "a solid start" to the season during earnings yesterday and announcing Jay Schottenstein permanent CEO. PVH (PVH), the company behind the Calvin Klein and Tommy Hilfiger brands is also up after topping Q3 EPS by 18c and maintaining FY15 guidance. Though PVH is up nearly 1%, it's not up nearly as much as it was yesterday afternoon following the announcement. Cloud storage company Box (BOX) also reported yesterday is currenly flat in pre-market after meeting estimates but apparently not overly impressing investors. Watch for earnings this afternoon after the bell from semiconductor manufacturer Ambarella (AMBA), book retailer Barnes & Noble (BKS), telecommunications and payment provider IDT Corporation (IDT), and image-sensor chip manufacturer OmniVision Technologies (OVTI).
AAPL had another rough day yesterday, dropping 0.9%. Down in pre-market yestarday, AAPL was able to fight back to turn green within minutes of the open on moderate volume, then soon after reclaim the mid to upper-117 area with a brief speed-bump below 117.5 at 10:34am on low volume. After reaching 118, a high of 118.11, and dancing around that 118 line for nearly 3 hours on very low volume, AAPL starting selling off in sympathy with the broader market on low volume. Within an hour AAPL turned red again and an hour later AAPL traded down into the 116.5 area as volume appeared to be picking up and the macro market worsened. While initially looking like AAPL could bounce from 116.5, instead AAPL dropped further to 116.08 within the last 10 minutes of intra-day trading and ended the intra-day session down 1.06 at at 116.28. After-hours saw a small gain of 15 cents to 116.43
This morning in pre-market, AAPL opened up higher on low volume in conjunction with Futures and seemed to gravitate to 117 for most of the early morning. At 6:52am, AAPL hit a high of 117.3 on high volume before dipping to a low of 116.32 8:46am on extremely high volume, then subsequently bouncing back towards 117. AAPL is currently up 37 cents at 116.65.
Classic max-pain is 117.
US jobless claims up, trend consistent with labor market strength:
http://www.reuters.com/article/2015/12/03/us-usa-economy-unemployment-idUSKBN0TM1N220151203
ECB cuts deposit rate, will unveil further measures:
http://www.reuters.com/article/2015/12/03/us-ecb-policy-rates-idUSKBN0TM1IW20151203
Lockhart feels "compelled" to raise?
http://www.bloomberg.com/news/articles/2015-12-02/fed-s-lockhart-says-interest-rate-liftoff-case-is-compelling-
Is Yahoo for sale and is it a good deal?
http://fortune.com/2015/12/03/yahoo-core-acquisition/
The peculiar case of philanthrocapitalism:
http://www.nytimes.com/roomfordebate/2015/12/03/welcome-or-wariness-for-zuckerbergs-legacy-plan/zuckerberg-is-setting-a-bad-precedent
http://www.newyorker.com/news/john-cassidy/mark-zuckerberg-and-the-rise-of-philanthrocapitalism
S&P cuts JPMorgan, BofA, Citigroup and 5 more:
http://www.bloomberg.com/news/articles/2015-12-03/jpmorgan-bofa-citigroup-among-eight-big-u-s-banks-cut-by-s-p
Sears posts smaller quarterly loss; sales keep sliding:
http://www.reuters.com/article/2015/12/03/sears-holdings-results-idUSL1N13S0PC20151203
BlueCrest going private:
http://www.reuters.com/article/2015/12/02/uk-hedgefunds-bluecrest-private-idUSKBN0TK4KJ20151202
Google latest big renewable energy investment:
http://fortune.com/2015/12/03/google-renewable-energy/
Is there life left in Yahoo Messenger?
http://venturebeat.com/2015/12/03/yahoo-messenger-revamped-to-focus-on-speed-and-tumblr-gifs-too-little-too-late/
Uber-cool way to find your car:
http://www.technewstoday.com/27577-uber-finds-an-ubercool-way-to-find-your-car/
Facebook launches Instant Articles in Asia with more than 50 media partners:
http://venturebeat.com/2015/12/03/facebook-launches-instant-articles-in-asia-with-more-than-50-media-partners/
Ballmer's advice to Microsoft:
http://www.zdnet.com/article/ballmer-to-microsoft-universal-apps-wont-work-android-on-windows-phone-will/
8 questions about Friday’s Net Neutrality hearing:
http://bits.blogs.nytimes.com/2015/12/03/eight-questions-about-fridays-net-neutrality-hearing/?_r=0
Now you can chat like Snowden:
http://www.pcworld.com/article/3011765/security/encrypted-messaging-app-signal-available-for-desktops.html
Mysterious radio pulses from "Starquake":
http://www.valuewalk.com/2015/12/radio-pulses-from-starquake-detected/
The real cosmic web:
http://www.science20.com/news_articles/what_is_the_universe_made_of-161022
Harder than diamond:
http://www.nytimes.com/2015/12/03/science/q-carbon-harder-than-diamond.html
Starbucks latest victim in E. Coli scare:
http://www.bloomberg.com/news/articles/2015-12-01/starbucks-pulls-sandwich-from-u-s-west-stores-on-e-coli-scare\
Beware the TV:
http://time.com/4130883/tv-sitting-cognitive-decline/
Anti-aging drug shows promise:
http://wtexas.com/content/15124922-metformin-could-be-highly-effective-against-aging-research
Today's Economic Calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
9:45 PMI Services Index
9:45 Bloomberg Consumer Comfort Index
10:00 Factory Orders
10:00 ISM Non-Manufacturing Index
10:00 Yellen testifies before the Joint Economic Committee
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Notable earnings after today's close: *AMBA*, AMSWA, *BKS*, COO, EXA, FIVE, *IDT*, LRAD, MJDLF, *OVTI*, SEAC, ULTA, ZUMZ