Apple Today - 12/18/2015 OPEX (AAPL)
seymour_greenz • December 18th 2015 09:48:56 AM
Good Morning,
NASDAQ Futures are up 1 with -20 Fair Value (rare to see such a large difference), Dow Futures are down 45 on this December OPEX. Futures were down further this morning and are showing volatile behavior.
Asian markets closed down today. China ended nearly flat, losing only 0.03%, while Hong Kong dropped 0.53% and Japan dropped the most, down 1.90%. European markets are also down today but appear to be improving, the UK is currently down 0.55%, while Germany is down 0.96% and France is down 1.35%.
Commodities are mostly down again this morning. Oil is currently down 0.77%, natural gas is down 0.91% and gold is up 0.57%. Metals, meat, unleaded gas, coffee and soy are up while corn, cocoa and cotton are flat and wheat is down.
Today is the last monthly OPEX of 2015 and "quad witching".
Open-source os software company Red Hat, Inc. (RHT) is up nearly 7% after reporting solid earnings yesterday afternoon. Mobile communications and services company BlackBerry (BBRY) reported earnings that beat expectations this morning and initially surged up 10%, then subsequently dropped down to a 3% gain. Cruise vacation company Carnival Corporation (CCL) is also currently up 1.5% after reporting this morning as well as restaurant company Darden Restaurants (DRI) which is up nearly 3% on positive Q2 results. On the other hand, used vehicles and services company CarMax Group (KMX) reported this morning and is down nearly 8%.
AAPL had an extremely rough day yesterday, losing 2.12% on 45 million shares in volume. Things were "looking up" in pre-market for and AAPL opened at 112.05. Immediately reaching the intra-day high of 112.25, AAPL dropped to 110 by 11am on moderate volume and put up a fight in an attempt to hold 110 which lasted until 2pm when AAPL dropped further towards 109 on relatively low volume. At 3:36pm APPL appeared to be bouncing back and hit 109.82 on moderate volume but quickly reversed and wound up dipping below 109. AAPL closed the intra-day session down a stunning 2.36 to 108.98. After-hours further soured on AAPL, losing another 35 cents to 108.63.
This morning in pre-market, AAPL opened lower higher in conjunction with Futures and floundered around a narrow range in the mid-108 area aside from a few brief dips below 108.5 and a slight hint of recovery towards 109. AAPL is currently down 24 cents at 108.74.
Classic max-pain is 115. Today is OPEX.
World stocks drop as rate "sinks in":
http://www.reuters.com/article/us-global-markets-idUSKBN0U10PD20151218
Drug CEO Martin Shkreli arrested for fraud:
http://www.nytimes.com/2015/12/18/business/shkreli-fraud-charges.html
BOJ keeps base money target:
http://www.reuters.com/article/us-japan-economy-boj-idUSKBN0U10CN20151218
Yuan ends 10-day drop:
http://www.bloomberg.com/news/articles/2015-12-18/yuan-ends-10-day-drop-on-signs-china-fending-off-one-way-wagers
BlackBerry Q3 revenues beat expectations:
http://www.reuters.com/article/us-blackberry-results-idUSKBN0U11L620151218
Carmax disappoints in Q3:
http://www.usatoday.com/story/money/cars/2015/12/18/carmax-used-car-sales-third-quarter/77547014/
Apple assigns App Store oversight to Phil Schiller:
http://appleinsider.com/articles/15/12/18/apple-assigns-app-store-oversight-to-phil-schiller-in-apparent-nod-to-developer-issues
Apple, Samsung to enter China payments market With UnionPay:
http://www.bloomberg.com/news/articles/2015-12-18/unionpay-apple-agree-to-bring-apple-pay-to-china-in-2016
Apple's next iPhone and sales:
http://www.forbes.com/sites/ewanspence/2015/12/17/apple-iphone-6c-not-needed/
BlackBerry vs Apple on privacy:
http://www.zdnet.com/article/blackberry-ceo-blasts-apple-pro-privacy-stance-loses-all-credibility/
Google 'disappointed' by proposed restrictions on driverless cars:
http://www.usatoday.com/story/tech/news/2015/12/16/google-disappointed-by-proposed-rules-from-california-dmv/77447672/
Helo Google name Android N:
http://venturebeat.com/2015/12/17/google-may-use-an-online-poll-to-name-android-n/
Facebook rolls out Photo Magic facial recognition for Messenger:
http://www.zdnet.com/article/facebook-rolls-out-photo-magic-facial-recognition-for-messenger/
Juniper warns of backdoor spying code in firewalls!
http://www.pcworld.com/article/3016915/security/juniper-warns-of-spying-code-in-firewalls.html
Sony working on phone batteries that last 40 percent longer:
http://www.engadget.com/2015/12/18/sony-sulfur-based-batteries/
The two sides of Zuckerberg:
http://qz.com/577451/mark-zuckerbergs-plea-for-internet-freedom-means-nothing-if-he-keeps-kissing-up-to-china/
Walmart free shipping day on Friday:
http://www.usatoday.com/story/money/2015/12/18/walmart-participate-free-shipping-day-waiving-charges-friday/77548206/
Gillette sues Dollar Shave Club over patent:
http://www.bostonherald.com/business/business_markets/2015/12/gillette_sues_dollar_shave_club_over_razor_blade_patent
Jim Chanos wants to short more SolarCity stock:
http://www.reuters.com/article/us-solarcity-chanos-idUSKBN0U030I20151217
Alibaba and counterfeit goods?
http://www.reuters.com/article/us-usa-trade-alibaba-idUSKBN0U02EY20151218
Qihoo 360 to be taken private:
http://www.reuters.com/article/us-qihoo-360-m-a-idUSKBN0U118720151218
Former LA tenants sue property owners, Airbnb over evictions:
http://www.sfchronicle.com/news/article/Former-LA-tenants-sue-property-owners-Airbnb-6707122.php
Hey steak, where are ya from?
http://www.npr.org/sections/thesalt/2015/12/17/460156640/was-that-steak-raised-in-the-u-s-a-soon-itll-be-hard-to-know
Watch Tim Peake LIVE from the ISS:
http://www.belfasttelegraph.co.uk/news/uk/watch-tim-peake-address-the-world-live-from-the-international-space-station-34298639.html
Does a mysterious 14,000-year-old bone belong to a pre-modern human?
http://www.csmonitor.com/Science/2015/1217/Does-this-mysterious-14-000-year-old-bone-belong-to-a-pre-modern-human
LHC may have found something exotic:
http://news.discovery.com/space/lhc-has-found-a-bump-exotic-physics-or-just-noise-151218.htm
This ancient reptile swam like a penguin:
http://www.csmonitor.com/Science/2015/1218/This-weird-and-unique-ancient-reptile-swam-like-a-penguin
Supernova caught in the act!
http://www.spacetelescope.org/news/heic1525/
Has cancer just been cracked?
http://www.morningticker.com/2015/12/massive-evolutionary-breakthrough-in-fruit-flies-could-crack-the-code-on-cancer/
Babies suffer serious defects because of failure to add folic acid:
http://www.independent.co.uk/life-style/health-and-families/health-news/2000-babies-suffer-serious-defects-because-of-failure-to-add-folic-acid-a6778426.html
A step closer to a Mers vaccine:
http://www.bbc.com/news/science-environment-35123777
Do you have the Christmas spirit?
http://www.forbes.com/sites/alicegwalton/2015/12/17/the-neuroscience-of-the-christmas-spirit/
Experimental treatment improves this 24-year-old's autoimmune disease:
http://www.cnn.com/2015/12/18/health/turning-points-stem-cell-therapy/index.html
I'll keep it.
http://www.morningticker.com/2015/12/stunning-find-you-may-not-need-to-get-your-appendix-cut-out-after-all/
Today's Economic Calendar:
9:45 PMI Services Index Flash
10:00 Atlanta Fed's Business Inflation Expectations
11:00 Kansas City Fed Mfg Survey
1:00 PM Baker-Hughes Rig Count
Notable earnings on Monday before the open: WMS, LITB, NEOG, PNY