Apple Today - 08/11/2015 (AAPL)
seymour_greenz • August 11th 2015 09:31:05 AM
Good Morning,
Whoa, NASDAQ Futures are down 28 with -31 Fair Value, Dow Futures are deep in the red, down 173. China devaluates yuan, triggering global concerns and pressure on markets. Google announced an "Alphabet" restructuring (see below) and the stock is up over 6%, no doubt more of Porat's wizardry. Greek deal agreed to, sort of. U.S. productivity rebounds, but trend remains weak.
AAPL rallied back up yesterday, gaining nearly 4% and peaking at 119.99 in afternoon trading. Most of the optimism can be attributed to the buzz around a new product event in September and a record-breaking App Store number of 1.7 billion dollars released for July.
This morning in pre-market, AAPL opened lower on low volume, quickly reaching a peak of 119.49 at 4:18am and then began a continuous slide down in conjunction with Futures with brief support at 118.97 at 7:14am on low to moderate volume, then continuing a fast sharp drop and bottoming at 117.75 at 8:16am on moderate to high volume before bouncing back towards 118. AAPL is currently near the pre-market low and down 2.07 at 117.65.
Update: 11:45am SEC announces bust of huge overseas insider trading operation. But what are they doing about the domestic Gamez?
http://www.nytimes.com/2015/08/12/business/dealbook/insider-trading-sec-hacking-case.html
Yuan o yuan are Futures so down?
http://americasmarkets.usatoday.com/2015/08/11/stocks-tuesday-23/
Why, China?
http://fortune.com/2015/08/11/why-china-devalued-yuan/
Greek done deal?
http://www.bbc.com/news/business-33858660
U.S. productivity up, but weak:
http://www.bloomberg.com/news/articles/2015-08-11/productivity-barely-rebounded-in-u-s-second-quarter-after-slump
Small business confidence returns:
http://www.reuters.com/article/2015/08/11/us-usa-economy-businesssentiment-idUSKCN0QG0ZI20150811
Apple iPhone 6s launches on 9/9, mark your calendar:
http://business.financialpost.com/fp-tech-desk/personal-tech/apple-incs-iphone-6s-to-launch-at-sept-9-event-reports-say
iPhone 6s will be stronger:
http://indiatoday.intoday.in/technology/story/apple-iphone-stronger-body/1/457839.html
Google wants you to know your ABC's:
http://www.bbc.com/news/technology-33862367
Google responds to Apple's highly regarded Metal with Vulkan death grip:
http://techcrunch.com/2015/08/10/google-will-soon-bring-metal-like-low-overhead-graphics-api-to-android/
Samsung going larger:
http://www.cnet.com/uk/news/samsung-looks-to-get-a-head-start-on-apple-with-its-next-jumbo-smartphone/
Uber trouble in Hong Kong:
http://www.foxnews.com/world/2015/08/11/hong-kong-police-raid-uber-office-after-arresting-5-drivers/
AT&T offers DirecTV customers $500 to switch:
http://www.forbes.com/sites/johnarcher/2015/08/10/directv-customers-offered-500-in-credits-for-switching-lines-to-att/
Why is this so important? There's a reason, LOL.
http://www.bbc.co.uk/newsbeat/article/33858624/rip-to-lol---the-history-of-laughing-out-loud
Space VR project:
http://www.engadget.com/2015/08/10/spacevr/
Meet "Hermes":
http://www.piercepioneer.com/mit-engineers-develop-most-human-like-robot-for-this-years-darpa-robotics-challenge/44754
2nd Stonehenge discovered:
http://www.ibtimes.com/scientists-discover-underwater-stonehenge-near-coast-sicily-2046313
Could we be facing a butterfly crisis within decades?
http://www.ibtimes.com/butterfly-species-face-extinction-2050-scientists-warn-2048052
Beloved "Twinkle Little Star" song may need updating in a billion years or so:
http://www.telegraph.co.uk/news/science/space/11796031/Universe-is-losing-its-twinkle-as-stars-die-out-say-scientists.html
Update: space salad tastes great:
http://www.livemint.com/Politics/LYyYPMt5GzJug0nw2bGW0J/Astronauts-find-first-bite-of-ISS-grown-lettuce-awesome.html
Today's economic calendar:
6:00 NFIB Small Business Optimism Index
8:30 Productivity and Costs
8:55 Redbook
10:00 Wholesale Trade
11:30 4-Week Bill Auction
1:00 PM 3-Yr Note Auction
Notable earnings after today's close: AXY.TO, CSC, CREE, FOSL, MYGN, SYMC, PRTS, VSLR
And tomorrow before the open: AC.TO, BABA, AIT, ARMK, M, MRKT, W