Apple Today - 07/27/2015 (AAPL)
seymour_greenz • July 27th 2015 09:27:05 AM
Good Morning,
NASDAQ Futures are down 30 with -17 Fair Value, Dow Futures are down 121. Futures were in the green last night, the slide can be attributed to a sharp drop of 8.5% in the Shanghi index and a subsequent drop in Europe. Durable Goods reports up 3.4% in June.
Last week, Apple reported earnings that "unimpressed the market". Consequentially, AAPL dropped 10 points and bounced back to 127 before losing momentum again. On Friday, AAPL lost the 125 on earnings bounce and ended the week at 124.5. This morning in pre-market, AAPL opened slightly above Friday's close and hit 124.74 at 5:18am but struggled to hold 124.5 among the bleakly developing Futures picture and has since dropped consistently and significantly along with the Futures. AAPL is currently down 1.54 to 122.96.
A bit early but Classic max-pain comes in at 125.
China has a groggy Monday:
http://www.reuters.com/article/2015/07/27/markets-global-idUSL5N1072IW20150727
Goods on Durable Goods:
http://www.bloomberg.com/news/articles/2015-07-27/orders-for-u-s-capital-equipment-rise-for-second-time-this-year
Apple Watch coming to Best Buy soon:
http://fortune.com/2015/07/27/apple-watch-best-buy-stores/
40k fake iPhones, busted:
http://www.pcworld.com/article/2952932/apple-phone/chinese-police-shut-down-supplier-of-over-40000-fake-iphones.html
Windows 10:
http://tech.firstpost.com/news-analysis/windows-10-all-you-need-to-know-about-continuum-275478.html
Google's patent plan:
http://fortune.com/2015/07/27/google-starter-patent/
Wake up, Mario!
http://www.wareable.com/health-and-wellbeing/nintendo-sleep-tracking-dock-patent-1438
Pluto has an atmosphere:
http://www.csmonitor.com/Science/2015/0727/Astounding-New-Horizons-photos-reveal-Pluto-s-atmosphere-surface
Anyone who's eaten French fries and ice-cream already knew this:
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/07/27/scientists-have-found-a-new-taste-that-could-make-food-more-delicious/
Today's economic calendar:
8:30 Durable Goods
10:30 Dallas Fed Manufacturing Outlook
Notable earnings after today's close: AGNC, BIDU, CR, GIG, RCII, SWFT, SYNL
And tomorrow before the open: ARW, CPLA, GLW, GRUB, JBLU, MRK, OAK, PFE, SIRI, UPS, WYN