Apple Today - 12/07/2015 (AAPL)
seymour_greenz • December 7th 2015 09:45:54 AM
Good Morning,
NASDAQ Futures are up 3 with +1 Fair Value, Dow Futures are down 11 on this Monday after last Friday's OPEX rally. Futures were up earlier this morning before US Consumer Spending numbers were announced.
Asian markets ended mostly up. China gained 0.34%, Japan closed up 0.99% and Hong Kong dropped slightly, down 0.15%. European markets are currently all solidly green. The UK is up 0.43%, France is up 1.59% and Germany is the leader, up 1.97%. Commodities are faring terribly this morning, oil and natural gas are both currently down about 2.25%. Gold and corn are also down, 0.23% and 0.72%, respectively. Wheat and silver are the only green commodities this morning at 0.88% and 0.08%.
This afternoon, after the bell, look for earnings from ocean transportation service DryShips (DRYS) and tax preparation provider H&R Block (HRB). Tomorrow morning, earnings are expected from automotive parts retailer AutoZone (AZO) and children's apparel retailer The Children's Place (PLCE).
AAPL had a bounce of a week. Starting out at on Monday in the mid-118 to 119 area, Tuedsay began a 3-day long decline reaching as low as 114 on Thursday. Friday brought a "stunning" rally for the market and to AAPL, which closed up 3.32%. Looking a little shaky in pre-market and turning red minutes before open, AAPL, like a lost dog, quickly found it's way back to 118 within 30 minutes of the open. The remainder of the day, AAPL pressed onward without looking back and reclaimed 119 shortly after 2pm and closed the day and week out near the high up 3.83 to 119.03, which is precisely the area where AAPL was on Monday before it got "lost".
This morning in pre-market, AAPL opened up higher at 119.26 on low volume in conjunction with Futures and appeared to gravitate towards 120, reaching as high as 119.59 at 4:20am on low volume. Unable to reach 120, AAPL struggled in the lower-119 area and eventually lost 119 in later pre-market, dipping to 118.82 shortly after US Consumer Spending numbers were released. AAPL is currently down 15 cents at 118.88.
Classic max-pain is 117.
Europe shares rise, dollar rises vs euro:
http://www.reuters.com/article/us-global-markets-idUSKBN0TQ00J20151207
Oil at lowest in nearly 7 years on OPEC inaction and strong dollar:
http://www.reuters.com/article/us-global-oil-idUSKBN0TQ03V20151207
Keurig sold, going private for $14 billion:
http://www.usatoday.com/story/money/2015/12/07/keurig-green-mountain-jab-holding-company-acquisition/76913020/
Bank of Japan says negative rates like ECB unnecessary:
http://www.reuters.com/article/us-japan-economy-kuroda-idUSKBN0TQ0E720151207
China’s FX reserves decline:
http://www.bloomberg.com/news/articles/2015-12-07/china-s-currency-reserves-fall-amid-yuan-support-weaker-euro
India down again:
http://in.reuters.com/article/india-stocks-idINL3N13W2MO20151207
Devon-Felix asset deal:
http://www.bloomberg.com/news/articles/2015-12-07/devon-agrees-to-buy-acreage-from-felix-will-also-sell-assets
AIG offering $1 billion stake in Chinese insurer PICC P&C:
http://in.reuters.com/article/us-piccprpty-csulty-stakesale-aig-idINKBN0TQ12B20151207
Toshiba shareholders sue over accounting scandal:
http://www.reuters.com/article/toshiba-accounting-idUSL1N13W0NX20151207
Finland may give all citizens "starting income" of $870 a month:
http://time.com/4138156/finland-basic-income/
Apple 2015 recap... many new products but iPhone still in the driver's seat:
http://www.cnet.com/uk/news/apple-in-2015-new-products-galore-but-iphone-still-dominates/
Apple raises music upload limits:
http://www.macrumors.com/2015/12/05/itunes-match-apple-music-limits/
The lonely Mac App store:
http://www.zdnet.com/article/has-apple-given-up-on-the-mac-app-store/
Google patents needle-free blood sampling device:
http://www.techtimes.com/articles/113761/20151207/google-files-patent-for-needle-free-blood-sampling-device.htm
Tag smartwatch may be gaining traction:
http://www.technewstoday.com/27624-tag-heuer-escalates-smartwatch-production-over-intense-demand/
Microsoft to open source Edge browser's Chakra JavaScript engine:
http://www.pcworld.com/article/3012167/browsers/microsoft-to-open-source-chakra-javascript-engine.html
Should Amazon invests in own gadgets?
http://www.forbes.com/sites/retailwire/2015/12/07/how-much-should-amazon-invest-in-its-own-gadgets/
Electric Porsche?
http://thenextdigit.com/27329/porsche-launch-electrically-powered-car-end-decade/
PlayStation Now for $100 a year, hundreds of streaming games:
http://www.ibtimes.com/playstation-now-100-year-sony-throws-hundreds-streaming-games-table-half-price-2213877
Of banana concerns, cocaine and spiders:
http://cphpost.dk/news/yes-we-may-have-no-bananas.html
Plants can "control climate"?
http://www.nytimes.com/interactive/projects/cp/climate/2015-paris-climate-talks/archives-1967-plants-climate
Chinese chief executive claims human cloning already possible:
http://www.huffingtonpost.com/entry/china-human-cloning_5664ac88e4b08e945fefdf9f
Closest Pluto images yet:
https://earthsky.org/space/closest-pluto-images-ever-returned-dec-4-2015
Japan to Venus?
http://www.space.com/31300-japan-akatsuki-spacecraft-venus-orbit-try.html
Pathfinder will try to find Einstein’s "gravity waves":
http://www.thenewsindependent.com/7057-2/7057/
Stem cell gene therapy shows promise:
http://www.techtimes.com/articles/113709/20151207/stem-cell-gene-therapy-shows-promise-in-treating-patients-with-rare-immunodeficiency-disorder.htm
Transplants for wounded US troops:
http://www.techtimes.com/articles/113887/20151207/penis-transplant-in-the-works-to-help-wounded-us-troops.htm
Today's Economic Calendar:
8:30 Gallup US Consumer Spending Measure
10:00 Labor market condition index
11:30 Fed's Bullard: U.S. Economy and Monetary Policy
12:30 PM TD Ameritrade IMX
3:00 PM Consumer Credit
Notable earnings after today's close: CASY, CENT, CENTA, *DRYS*, FSFR, GWPH, GWPRF, HQY, *HRB*, MCOX, ORIG, UNFI
And tomorrow before the open: *AZO*, CBK, CONN, ENZ, HDS, JW.A, *PLCE*, TOL