Apple Today - 1/11/2016 (AAPL)
seymour_greenz • January 11th 2016 10:12:50 AM
Good Morning,
Welcome back from the weekend. NASDAQ Futures are up 31 with +31 Fair Value, Dow Futures are up 112 on this Monday ex-OPEX. "Despite" a further significant plunge in China stocks and 12-year lows in oil, Futures have achieved green and are improving as we approach the open.
Asian markets tumbled today. China led the decline down 5.33%, Hong Kong closed down 2.76% while Japan dropped just 0.39%. European markets are up across the board. The UK is currently up 0.37%, Germany is up 1.02% and France is up 0.85%.
Commodities are mostly down this morning. Oil is currently down 1.18%, natural gas is down 1.42% and gold is up 0.52%. Unleaded gas is up 0.67% and the rest of energy is down. Metals are mixed with gold and silver up, platinum and copper down. Meat is down except for lean hogs. Cocoa, coffee, corn and soybeans are down, wheat is up.
Weekend data in China provided more evidence of slowing economy. Consumer prices rose by 1.4% in 2015, the slowest pace in six years and below the government's 3% target, according to state news agency Xinhua. Oil is near a 12-year low hit last week.
After the bell this afternoon, look for earnings from Alcoa (AA), Limoneira (LMNR) and VOXX (VOXX). Tomorrow morning earnings from Tata Consultancy Services (TCS) are expected.
AAPL had a tough week, dropping over 8 points, nearly 8% and losing the key 100 level. Basically, the entire week was one daily decline after the next, around 1%-2% per day. When it appeared that AAPL could catch a break and recover towards the end of the week was when AAPL continued dipping and ended the days with further disappointment for longs. On Friday, AAPL opened up strong on high volume and made a break for 99, peaking at 99.11 at 10am on high volume before conceding and heading back to 98 and then dipping as low as 96.76 at 11:36am on high volume before sprouting back towards 99 again and reaching the upper-98 area by 12:10pm on high volume. Again failing to hold, AAPL dipped below 98 in mid-afternoon trading and dipped to the intra-day lows toward the close, threatening to lose 97 in the last moments. Though the intra-day action was disappointing, AAPL managed to hold onto a gain of 51 cents for the day, closing up at 96.96. AAPL gained 9 cents in after-hours to peek above 97, ending up at 97.05
This morning in pre-market, AAPL opened higher in conjunction with Futures and a strong update to Apple Music subscriptions. AAPL opened up in the mid-97 area and held on there until mid-morning where AAPL pushed up above 98 and into the mid-98 area. AAPL is currently up 1.61 at 98.57.
Classic max-pain is 110.
Chinese volatility hits oil, metals:
http://www.bloomberg.com/news/articles/2016-01-10/asian-stock-futures-signal-more-pain-as-rand-sinks-to-record-low
Oil still in a pretty sticky spot:
http://in.reuters.com/article/us-global-oil-idINKCN0UP01P20160111
Alcoa gets $1.5 billion supply contract from GE's aviation unit:
http://www.reuters.com/article/us-alcoa-ge-contract-idUSKCN0UP0I620160111
Starboard pressures Macy's for real-estate deals:
http://www.reuters.com/article/us-macys-starboard-idUSKCN0UP0GO20160111
Apple testing 3 designs for iPhone 7:
http://timesofindia.indiatimes.com/tech/tech-news/Apple-testing-3-designs-for-iPhone-7-Report/articleshow/50534980.cms
Apple has been undercounting Apple News traffic:
http://appleinsider.com/articles/16/01/11/apple-has-been-undercounting-apple-news-traffic-due-to-glitch-working-on-fix
Apple working on iOS-to-Android migration tool:
http://appleinsider.com/articles/16/01/11/apple-working-on-ios-to-android-migration-tool---report
Microsoft, Samsung and IoT:
http://www.zdnet.com/article/did-microsoft-and-samsung-just-announce-an-iot-deal-nope/
BlackBerry Priv and Android 6.0 Marshmallow?
http://www.techtimes.com/articles/122864/20160109/when-will-the-blackberry-priv-get-android-6-0-marshmallow-youll-find-out-in-q1-2016.htm
Meet Xiaomi's Redmi 3:
http://www.cnet.com/uk/products/xiaomi-redmi-3/
Indian regulator to Facebook, "stop spamming us":
http://money.cnn.com/2016/01/11/technology/india-facebook-free-basics-internet-org/
Like peach?
http://www.bbc.com/news/technology-35278479
A VR story:
http://time.com/4172998/virtual-reality-oculus-rift-htc-vive-ces/
Ford Fusion V6 Sport:
http://www.cnet.com/roadshow/auto/2017-ford-fusion-v6-sport/
Tesla autopilot?
http://in.reuters.com/article/tesla-autopilot-idINKCN0UP0DZ20160111
Ford's new car app:
http://www.zdnet.com/article/ford-our-app-will-be-like-itunes-but-for-cars/
NASA spots an X on Pluto:
http://www.csmonitor.com/Science/2016/0111/NASA-probe-spots-giant-X-on-Pluto
"Naked" black hole:
http://news.discovery.com/space/galaxies/why-is-this-naked-black-hole-on-a-crash-diet-160108.htm
1st light from a black hole:
http://www.huffingtonpost.com/entry/black-hole-light-visible_568ed50ae4b0cad15e6412da
NASA creates asteroid protection office:
http://www.csmonitor.com/Science/2016/0111/NASA-creates-office-to-coordinate-protection-against-asteroids
Can Philae be saved?
http://www.livemint.com/Politics/tuq8YfKUrj0EULrdNwcRbM/Scientists-make-lastchance-bid-to-contact-space-robot-Phila.html
Mountain lion discovered with extra set of teeth and whiskers on top of head:
http://www.techtimes.com/articles/123293/20160111/mountain-lion-discovered-with-a-full-set-of-teeth-and-whiskers-on-top-of-its-head.htm
More on the "Human Age":
http://www.nytimes.com/interactive/2016/01/11/science/anthropocene-epoch-definition.html
Illumina, partners make $100 million bet to detect cancer via blood test:
http://www.reuters.com/article/us-usa-healthcare-illumina-idUSKCN0UO0W920160111
Zuckerberg’s vaccination photo with infant daughter spurs "controversy":
http://www.nydailynews.com/news/national/mark-zuckerberg-pic-daughter-brings-anti-vaxxers-article-1.2490590
If possible, avoid sugar:
http://www.fool.com/investing/general/2016/01/10/this-common-dietary-ingredient-may-increase-breast.aspx
Tips for better sleep:
http://www.techtimes.com/articles/123383/20160111/sleep-deprived-some-tips-to-help-you-recover.htm
How VR saved a baby girl's life:
http://www.huffingtonpost.com/entry/google-cardboard-life-saving-surgery-baby_568eea7ae4b0cad15e642c39?utm_hp_ref=mostpopular
Today's Economic Calendar:
10:00 Labor market condition index
Notable earnings after today's close: *AA*, *LMNR*, TISI, *VOXX*
And tomorrow before the open: IHS, *TCS*