Apple Today - 12/14/2015 (AAPL)
seymour_greenz • December 14th 2015 09:52:16 AM
Good Morning,
NASDAQ Futures are up 3 with +7 Fair Value, Dow Futures are up 18 on this December "monthly" Monday as the market "braces" for a rate increase. Futures have bounced around from green to red and back again this morning.
Asian markets closed mixed today. China ended up a solid 2.51% while Hong Kong lost 0.72% and Japan dropped 1.80%. European markets are mostly down with the exception of the UK which is currently up 0.03%. On the other hand, Germany is currently down the most with an 0.87% loss and France is down 0.19%. Commodities are in real pain this morning. Oil is currently down nearly 2.5%, natural gas is down a whopping 5.63% and gold is down 0.58%. The 3 c's: corn, cocoa and coffee are up.
There's no specific economic data expected today but FOMC meetings begin tomorrow and the first rate hike since 2006 is "on the table" and expected. Oil prices drop towards 11-year lows on worsening glut.
This afternoon look for earnings from Delta Apparel (DLA), FuelCell Energy (FCEL) and VeriFone Systems (PAY). Tomorrow morning, FactSet Research Systems (FDS) is scheduled to report.
AAPL, what a difference a week makes. Last week we were counting our 120 chickens and now we're 5% or 7 points lower, 8 if you consider this morning's pre-market. AAPL started out the week on a high note and within striking distance of 120, but by end of day Monday AAPL lost the 119, Tuesday AAPL struggled to hold 118, Wednesday saw considerable selling down to 115, Thursday's attempted claw back to 117 couldn't hold, and Friday completed the rough week with a nearly 3 point or 2.57% drop to end at 113.18. AAPL lost the 18 cents change in after-hours to close the session at 113.
This morning in pre-market, AAPL opened up higher in conjunction with Futures, seeming with a mission to reclaim 114. Almost making it with a high of 113.99 at 5am on low volume, AAPL foundered in the face of worsening Futures and sunk throughout the morning, picking up volume, to a stunning low of 110.89 at 7:50am before bouncing back into the upper-111 area and heading towards 112. AAPL is currently down 1.58 at 111.60.
Classic max-pain is 115.
Oil prices drop towards 11-year lows:
http://www.reuters.com/article/us-global-oil-idUSKBN0TX02920151214
Wild markets not stopping Fed?
http://www.bloomberg.com/news/articles/2015-12-14/misbehaving-markets-seen-no-barrier-this-time-to-unstoppable-fed
November retail inflation hits 14-month high on costlier food items:
http://in.reuters.com/article/india-economy-inflation-idINKBN0TX0IL20151214
China's new yuan index:
http://www.bloomberg.com/news/articles/2015-12-14/china-s-new-yuan-index-here-s-what-the-market-needs-to-know
Has the Fed waited too long?
http://www.latimes.com/business/la-fi-fed-legacy-20151213-story.html
Apple cuts price of iPhone 5s by nearly 50% in India:
http://www.macrumors.com/2015/12/14/iphone-5s-by-almost-half-in-india/
Apple a major hack target in 2016 but should hold up better than competition:
http://www.mirrordaily.com/apple-will-be-heavily-targeted-by-hackers-in-2016/26018/
Waterproof, self-healing iPhone 7?
http://www.techtimes.com/articles/116105/20151214/waterproof-iphone-7-with-self-healing-materials-could-be-in-the-cards-apple-patent-reveals.htm
Google's version of augmented reality:
http://techcrunch.com/2015/12/12/lifelike-adverts/
Microsoft backtracks on OneDrive cut:
http://www.cnet.com/news/microsoft-extends-olive-branch-after-onedrive-cloud-storage-storm/
Microsoft 2015 in review:
http://www.pcworld.com/article/3012574/windows/microsofts-biggest-hits-misses-and-wtf-moments-of-2015.html
Amazon says no more fiery hover-boards:
http://www.theverge.com/2015/12/12/10016416/amazon-hoverboards-pull
Facebook building in Germany attacked:
http://fortune.com/2015/12/14/vandals-facebook-hq-germany-hate-speech/
How can Zuckerberg "give away" all that stock and still control Facebook?
http://recode.net/2015/12/14/how-can-mark-zuckerberg-give-away-stock-and-while-still-controlling-facebook/
Oculus Rift pre-orders will ship with this game:
http://timesofindia.indiatimes.com/tech/tech-news/Oculus-Rift-pre-orders-will-ship-with-this-VR-game/articleshow/50174518.cms
Twitter warns of "state-sponsored" hacks:
http://fortune.com/2015/12/14/twitter-state-sponsored-hacks/
Alibaba’s political newspaper deal:
http://fortune.com/2015/12/14/yes-alibabas-newspaper-deal-was-political/
2016 Chevrolet Malibu Hybrid gets 47 mpg starting at $28,645:
http://www.csmonitor.com/Business/In-Gear/2015/1214/2016-Chevrolet-Malibu-Hybrid-47-mpg-starting-at-28-645
Star Citizen hits $100 million in crowdfunding:
http://gamerant.com/star-citizen-100-million-crowdfunding/
Elon, WW3 and the Mars mission:
http://www.cnet.com/news/elon-musk-third-world-war-would-ruin-mars-mission/
Mars Curiosity rover send postcards of Martian sand dunes:
http://www.scienceworldreport.com/articles/34517/20151214/mars-curiosity-rover-reaches-martian-sand-dunes-beaming-back-new.htm
Earth's historical influence on the dawn of modern birds:
http://www.i4u.com/2015/12/100965/avian-evolution-molded-climate-change-study
Hundreds of mothers, babies potentially exposed to Tuberculosis:
http://www.techtimes.com/articles/115840/20151214/hundreds-of-mothers-babies-potentially-exposed-to-tuberculosis-at-california-hospital.htm
Stress management strategies to try:
http://www.techtimes.com/articles/116025/20151214/these-stress-management-strategies-may-help-prevent-cognitive-impairment-later-in-life.htm
Uncertainty in skin cancer screening procedures:
http://www.themonitordaily.com/uncertainty-mounts-up-in-skin-cancer-screening-procedures/29373/
Tinder wants your organs:
http://www.telegraph.co.uk/technology/news/12049332/Tinder-wants-you-to-donate-your-organs.html
Study appears unhappiness itself can't cause ill health:
http://www.ndtv.com/offbeat/happiness-may-not-help-you-live-longer-study-1254621
Today's Economic Calendar:
11:00 4-Week Bill Announcement
11:30 3-Month Bill Auction
11:30 6-Month Bill Auction
Notable earnings after today's close: APDN, ARWR, CRDS, CSBR, *DLA*, *FCEL*, FSFR, LDR, *PAY*, RICK, TEU
And tomorrow before the open: AEY, *FDS*, HMLP, SKIS, TENX