Apple Today - 12/11/2015 OPEX (AAPL)
seymour_greenz • December 11th 2015 09:43:47 AM
Good Morning,
Yikes! NASDAQ Futures are down 43 with -39 Fair Value, Dow Futures are down 170 on this OPEX Friday. Futures have deteriorated significantly and fairly rapidly from green earlier this morning.
Asian markets were generally down again today, with the exception of Japan which closed up 0.97%. China dropped 0.61% and Hong Kong lost 1.11%. European markets are selling off today and are all down over 1%. The UK is currently down 1.32%, France is in the red by 1.62% and Germany is leading the decline with a drop of 1.84%. Commodities are again mostly down this morning. Oil is currently down 1%, natural gas is down nearly 2% and gold is down 0.90%. On the other hand, corn, soybeans, cocoa and lean hogs are in the green, along with copper and unleaded gas.
US consumer retail sales figures rose strongly in November. Consumer sentiment for December is scheduled for 10am.
Software company Adobe Systems (ADBE) is up nearly 6% in pre-market after reporting earnings yesterday that topped estimates, on strong subscriptions for Creative Cloud. On the other hand, luxury home furnishings retailer Restoration Hardware (RH) is currently down 3% this morning after surging 7% yesterday in after-hours trading.
AAPL had a bouncy day yesterday, ending up 0.48%. Up in pre-market and opening up higher at 116.23, AAPL held onto green fairly well after the high-volume open with a brief wobble into the red on moderately high volume, hitting as low as 115.51 at 10:12am before springing back to green and recovering into the mid-116 area on lower volume. Unable to hold that level, AAPL slipped back just below 116 by noon on low volume and began a nice low-volume bounce at 1pm that lasted nearly 2 hours and peaked just shy of 117 at 116.94 at 2:46pm on low volume. Reversing from there, AAPL quickly dipped back towards 116, briefly cracking below to the upper-115 area at 3:56pm before a final bounce back to end the intra-day session up 55 cents to 116.17. After-hours smiled on AAPL with an additional 25 cents bringing the close to 116.42.
This morning in pre-market, AAPL opened up slightly higher at 116.29 on low volume near yesterday's intraday close. In sympathy with Futures, AAPL dunked down towards 115 on low volume with a bounce to 115.5 at 7:08am, then a slide below 115 to 114.88 at 7:57am on high volume before attempting to claw back the lower 115-area. AAPL is currently down 78 cents at 115.39.
Classic max-pain is 117. Today is OPEX.
Adobe tops on cloud gains:
http://www.bloomberg.com/news/articles/2015-12-10/adobe-profit-tops-analysts-estimates-on-cloud-sales-gains
The $130 billion Dow and DuPont giant chemical merger:
http://www.reuters.com/article/us-dow-m-a-dupont-idUSKBN0TU1B220151211
Yuan hits four-and-a-half-year low:
http://www.reuters.com/article/us-global-markets-idUSKBN0TU01V20151211
Chinese billionaire missing?
http://in.reuters.com/article/fosun-intl-stocks-idINL3N1400RP20151211
Oil glut to late 2016?
http://www.bloomberg.com/news/articles/2015-12-11/iea-sees-oil-glut-lasting-until-late-2016-as-opec-keeps-pumping
U.S. wealth tumbled in Q3:
http://fortune.com/2015/12/10/u-s-wealth-tumbled-in-the-third-quarter/
Triple tantrum?
http://www.bloomberg.com/news/articles/2015-12-11/morgan-stanley-sees-triple-tantrum-if-central-banks-find-success
Apple TV Hits 2,624 tvOS apps in 1 month:
http://www.techtimes.com/articles/115469/20151211/apple-tv-hits-2-624-tvos-apps-in-one-month-2-000-percent-growth-and-its-just-getting-started.htm
Facebook open sources its AI server:
http://venturebeat.com/2015/12/10/facebook-open-sources-its-artificial-intelligence-server/
Gmail support added to Yahoo Mail app, split screen for iPad:
http://www.zdnet.com/article/gmail-support-added-to-yahoo-mail-app-plus-split-screen-for-apple-ipad/
Baidu's driverless cars:
http://www.forbes.com/sites/greatspeculations/2015/12/11/why-is-baidu-building-driverless-cars/
Airlines forecast to extend record profits in 2016:
http://www.bloomberg.com/news/articles/2015-12-10/airlines-forecast-to-extend-record-profits-with-10-gain-in-2016-ii01ntex
Coca-Cola India and "sin tax" troubles:
http://www.reuters.com/article/us-coca-cola-india-tax-idUSKBN0TU12Y20151211
Alibaba to purchase Hong Kong's South China Morning Post:
http://www.bloomberg.com/news/articles/2015-12-11/alibaba-agrees-to-purchase-hong-kong-s-south-china-morning-post
No comparison, in my opinion:
http://www.forbes.com/sites/petercohan/2015/12/11/why-jeff-bezos-is-a-better-ceo-than-marissa-mayer/
Tea recalled for glass fragments:
http://www.techtimes.com/articles/115371/20151211/sweet-leaf-tea-recalls-1-5-million-bottles-of-tea-over-glass-fragments.htm
Global climate talks stumble, still optimistic:
http://www.reuters.com/article/us-climatechange-summit-day-idUSKBN0TU0H520151211
Researchers teach computers to learn simple ideas, like people do:
http://www.csmonitor.com/Technology/2015/1211/Researchers-teach-computers-to-learn-simple-ideas-faster-like-people
No horns for early Triceratops relative:
http://www.csmonitor.com/Science/2015/1210/Early-Triceratops-relative-lacked-horns-say-scientists
Why does dwarf planet Ceres glow?
http://www.csmonitor.com/Science/2015/1210/What-makes-the-dwarf-planet-Ceres-glow-Scientists-unravel-the-mystery
Want to build a real Death Star?
http://www.techtimes.com/articles/115363/20151211/asteroid-best-building-block-for-building-a-real-death-star-nasa-engineer.htm
New beautiful photo of Saturn's moon Titan:
http://www.techtimes.com/articles/114849/20151211/nasa-release-new-photo-of-saturns-moon-titan-in-all-its-greenish-glory.htm
Five ways climate change could affect Africa:
http://www.bbc.com/news/world-africa-35054300
Google's new robotic surgeon:
http://www.wired.com/2015/12/googles-verily-is-spinning-off-verb-a-secretive-robot-surgery-startup/
Is timing the key to breast cancer strategies?
http://www.npr.org/sections/health-shots/2015/12/10/459207948/mastectomy-no-better-than-lumpectomy-for-early-breast-cancer
What's in a sell-by date, anyway?
http://abcnews.go.com/Health/food-expiration-dates-food-safe-eat/story?id=35694125
New superbug resistant to known antibiotics linked to imported meat:
http://www.forbes.com/sites/judystone/2015/12/10/new-superbug-resistant-to-all-antibiotics-linked-to-imported-meat/
Cheers!
http://www.techtimes.com/articles/115451/20151211/dont-forget-to-say-cheers-daily-alcohol-consumption-linked-to-reduced-alzheimers-death-risk.htm
Today's Economic Calendar:
8:30 Producer Price Index
8:30 Retail Sales
10:00 Business Inventories
10:00 Reuters/UofM Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
Notable earnings after today's close: QIHU
And on Monday before the open: WMS, ASFI, NAV, NX