Apple Today - 07/08/2015 (AAPL)
seymour_greenz • July 8th 2015 09:14:27 AM
Good Morning,
NASDAQ Futures are down 31 with -27 Fair Value, Dow Futures are down 134. This trouble can be attributed to the China sell-off.
This morning in pre-market AAPL opened up at a low of 124, recovered to 125.15 by 7:30am and has since drifted down to the upper 124s. AAPL is currently down 1.22 to 124.47. This can be attributed to a combination of the broader market and the Apple Watch reports that are rolling in (see below).
Classic max pain is 126.
China sell-off influencing Futures:
http://www.reuters.com/article/2015/07/08/us-markets-stocks-idUSKCN0PI19Y20150708
Apple Watch in trouble or just Gamez?
http://www.businessinsider.com/apple-watch-sales-estimates-2015-7
http://www.businessinsider.com/apple-watch-sales-drop-2015-7
Microsoft plans more job cuts:
http://www.cnet.com/uk/news/microsoft-reportedly-plans-another-major-round-of-job-cuts/
Busy little bee.
http://www.bbc.com/news/technology-33442419
Today's economic calendar:
7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
1:00 PM Results of $21B, 10-Year Bond Auction
2:00 PM FOMC minutes
3:00 PM Consumer Credit
Notable earnings after today's close: WDFC
And tomorrow before the bell: PEP