Apple Today - 2/02/2016 (AAPL)
seymour_greenz • February 2nd 2016 10:53:22 AM
Good Morning,
Into the fire again... NASDAQ Futures are down 38 with -24 Fair Value, S&P Futures are down 17 with -18 Fair Value and Dow Futures are down 138 as Google usurps Apple's crown but fails to inspire a rally in the overall market. Futures were down in early morning and took an additional beating at 3:30am, reaching a low at 4am and bouncing back slightly into the open.
Asian markets closed mixed today. China ended up strong, gaining 2.26%, however Hong Kong dropped 0.76% and Japan lost 0.64%. European markets are selling off pretty significantly today. The UK is currently down 2.03%, Germany is down 1.32% and France is down 1.9%.
Commodities are mostly down this morning. Oil is down 2.94%, natural gas is down 3.95% and gold is down 0.1%. Unleaded gas is down 5.26% and heating oil is down 3.30%. Metals are mostly down with only copper up. Meat is up. Cocoa, coffee, corn and wheat are down while soybeans and cotton are up.
Google's Alphabet steals the Alpha-dog spot from Apple. Oil slides more than 5% as hopes for output cut fade.
Alphabet Inc (GOOG) reported impressive earnings yesterday and is currently up over 5%, or nearly 40 points, in pre-market, surpassing Apple's long held #1 market cap crown. Mattel, Inc. (MAT) is also up nearly 7% on a 17% Q4 profit gain. On the other hand, Rent-A-Center Inc. (RCII) is down nearly 17% after announcing earnings yesterday.
BP p.l.c. (BP) looks to open down 9% after reporting their biggest ever annual loss this morning. Exxon Mobil Corporation (XOM) also reported earnings this morning and is currently down 2% in pre-market. Pfizer Inc. (PFE) also reported their Q4 this morning and is down over 1% on a 4% earnings decline. On the greener side of the fence, United Parcel Service, Inc. (UPS) announced earnings this morning and is up over 2.5% on a strong profit report and outlook.
This afternoon after the bell, look out for earnings from Chipotle Mexican Grill, Inc. (CMG), Edwards Lifesciences Corp (EW), Gilead Sciences, Inc. (GILD) and Yahoo! Inc. (YHOO).
Tomorrow before the bell, Automatic Data Processing, Inc. (ADP), Avery Dennison Corporation (AVY), CBOE Holdings (CBOE), Comcast Corporation (CMCSA), General Motors Company (GM), HTC Corporation (HTCKF), International Paper Co. (IP) and Merck & Co Inc. (MRK) are expected to report.
AAPL opened down from Friday's close, floundered around 96 for most of the day and ending down 0.93%. AAPL opened at 96.46 to high volume and hit a low of 95.40 an hour later on high volume. AAPL bounced back into the mid-96 area on moderate volume and dipped below 96 again just after lunchtime on lower volume. Shortly after, AAPL recovered 96 again and slowly gained back another 50 cents or so in late afternoon trading, peaking at 96.71 at 3:26pm on moderate volume followed by a small dip below 96.5 in the last minutes into the close on lower volume. AAPL closed the day at 96.43, down 91 cents. AAPL lost an additional 18 cents in after-hours to end at 96.25.
This morning in pre-market, AAPL opened below 96 in conjunction with Futures and quickly drifted toward 95.5 where AAPL spent the remainder of pre-market in narrowing range. AAPL is currently down 78 cents at 95.65 as we approach the open.
Classic max-pain is 93.
Global stocks buckle under oil pressure:
http://www.reuters.com/article/us-global-markets-idUSKCN0VB021
Alphabet overtakes Apple:
http://www.reuters.com/article/us-apple-alphabet-research-idUSKCN0VB1KD
Oil slides more than 5% as hopes for output cut fade:
http://www.reuters.com/article/us-global-oil-idUSKCN0VB01J
Yen slide fades:
http://www.bloomberg.com/news/articles/2016-02-02/yen-slide-fades-as-global-turmoil-highlights-its-haven-appeal
Eurozone unemployment down for 15th month:
http://www.nytimes.com/aponline/2016/02/02/world/europe/ap-eu-europe-economy.html
UPS profit jumps on better margins, outlook:
http://www.reuters.com/article/us-ups-results-idUSKCN0VB1GR
Exxon's profit tumbles 58 percent:
http://www.reuters.com/article/us-exxon-mobil-results-idUSKCN0VB1F8
BP reports biggest ever annual loss:
http://www.reuters.com/article/us-bp-results-idUSKCN0VB0JB
Pfizer 2016 forecast disappoints:
http://www.reuters.com/article/us-pfizer-results-idUSKCN0VB18C
Game over for Nintendo?
http://www.bloomberg.com/news/articles/2016-02-02/nintendo-profit-falls-36-as-lack-of-hits-hurts-holiday-sales
Electricty and Puerto Rico's $9 billion debt:
http://www.nytimes.com/2016/02/02/business/dealbook/puerto-rico-power-authoritys-debt-is-rooted-in-free-electricity.html
Is Apple planning event for March 15 to introduce iPad Air 3 and iPhone 5se?
http://www.zdnet.com/article/apple-reportedly-planning-event-for-march-15-to-introduce-ipad-air-3-iphone-5se/
iPad Pro just out-shipped Microsoft's Surface:
http://www.forbes.com/sites/brookecrothers/2016/02/02/why-the-ipad-pro-just-out-shipped-microsofts-surface/#4695ce78b860
Apple patents hover-sensing multitouch display:
http://appleinsider.com/articles/16/02/02/apple-patents-hover-sensing-multitouch-display-
Apple's valuation problem:
http://www.forbes.com/sites/adamhartung/2016/01/30/1-reason-for-apples-valuation-debacle-forgetting-that-growth-is-what-really-matters/#39c09b676373
Gmail hits 1 Billion MAU:
http://www.techtimes.com/articles/129959/20160202/gmail-now-with-1-billion-monthly-active-users-reports-google-chief-sundar-pichai.htm
Windows Phone's next life:
http://www.pcworld.com/article/3027250/windows/windows-phones-next-life-how-microsoft-could-recast-it-for-productivity-or-services.html
Facebook changing News Feed:
http://www.huffingtonpost.com/entry/facebook-changing-news-feed_us_56afb035e4b09214b14f111d?utm_hp_ref=technology
Dark pools fined $154 million:
http://nypost.com/2016/02/01/barclays-credit-suisse-fork-over-154m-in-dark-pool-settlement/
Lumber Liquidators fined $13 million:
http://www.huffingtonpost.com/jesse-prenticedunn/federal-judge-sentences-l_b_9134816.html
Marissa's Yahoo employee-ranking system heads to court:
http://www.nytimes.com/2016/02/02/technology/yahoo-employee-ranking-system-lawsuit.html
Law enforcement's encryption claims overblown, study finds:
http://www.cnet.com/news/law-enforcements-encryption-claims-overblown-study-finds/
The fastest wireless carrier in the US is...
http://www.cnet.com/news/this-is-the-nations-fastest-wireless-carrier-study-says/
Dish Network's new fancy Hopper 3 DVR:
http://www.techtimes.com/articles/129899/20160202/dish-outs-hopper-3-with-4k-video-16-tuners-sports-bar-mode-and-more.htm
Not so fast, US Mobile:
http://www.pcmag.com/article2/0,2817,2498725,00.asp
MIT wins Hyperloop design challenge:
http://www.pcmag.com/article2/0,2817,2498682,00.asp
UK just green-lit Crispr:
http://www.wired.com/2016/02/the-uk-just-green-lit-crispr-gene-editing-in-human-embryos/
Hidden lion population found in remote Ethiopia:
https://www.newscientist.com/article/2075740-hidden-population-of-up-to-200-lions-found-in-remote-ethiopia/
Tortoise soup has its own bowl:
http://www.nytimes.com/2016/02/02/science/hunter-gatherers-turtle-qesem-cave-israel.html
On our warming planet:
http://www.livescience.com/53554-five-facts-that-show-earth-is-getting-warmer.html
A 3D printed "brain":
http://www.latimes.com/science/sciencenow/la-sci-sn-folded-brain-3d-printing-20160201-story.html
The moon really does impact rainfall:
http://www.npr.org/sections/thetwo-way/2016/02/01/465151496/scientists-say-the-moon-really-does-impact-rainfall-on-earth
NASA moves closer to sending humans to deep space:
http://www.csmonitor.com/Science/2016/0202/NASA-moves-closer-to-sending-humans-to-deep-space
See a Curiosity rover selfie:
http://www.space.com/31801-mars-rover-curiosity-selfie-sand-dunes.html
The space race is just heating up:
https://www.washingtonpost.com/news/in-theory/wp/2016/02/01/the-space-race-is-not-over-yet-and-the-stakes-are-as-high-as-ever/
Africa, Asia vulnerable to spread of Zika:
http://www.reuters.com/article/us-health-zika-idUSKCN0VB145
Zika and your travel plans:
http://www.huffingtonpost.com/smartertravel/worried-about-zika-heres_b_9134050.html?ir=Travel
Seattle woman who proclaimed herself a three-time cancer survivor and raised over $400K never had cancer:
http://www.nydailynews.com/life-style/health/seattle-woman-cancer-survivor-article-1.2516608
New wearable sensor collects data from sweat:
http://www.nytimes.com/2016/02/02/science/new-wearable-sensor-can-collect-data-from-sweat.html
Today's Economic Calendar:
Auto sales
8:30 Gallup US ECI
8:55 Redbook Chain Store Sales
1:00 PM Fed's George: Monetary policy and Economic Policy
Notable earnings after today's close: ACLS, AFG, AI, AJG, ALSWF, ATO, ATW, AXS, BKH, BOOT, CENT, CENTA, CHRW, *CMG*, CPHD, DOX, ESIO, *EW*, FEIC, FISV, *GILD*, HCSG, HI, IAC, ILMN, IXYS, JKHY, KBAL, KIM, MANH, MOD, MYGN, NANO, NHTC, OCLR, OLN, POWL, QGEN, RHI, RNR, RXN, SEV, SLGN, TDW, TNAV, TSRA, UDR, ULTI, UNM, WNC, WRB, *YHOO*
And tomorrow before the open: *ADP*, AGYS, ALXN, APO, ARCB, ARTW, ASC, *AVY*, BDX, BEN, BIP, CBG, *CBOE*, CDK, CEVA, *CMCSA*, DHX, ENR, ETN, EVR, EXC, FOJCF, GASNF, *GM*, *HTCKF*, IMS, *IP*, ITUB, JEC, JLL, KLIC, KMT, LG, LNDNF, MAN, MBUU, MDC, MDLZ, MHH, MPC, MPLX, *MRK*, MTOR, NJR, NMM, NOV, NVO, PFGC, POL, RDWR, ROLL, SE, SEP, SLAB, SNCR, SNOW, SO, SPA, SPR, THR, TKPHF, TKR, TMHC, VNTV