Apple Today - 08/12/2015 (AAPL)
seymour_greenz • August 12th 2015 09:17:53 AM
Good Morning,
Double deja-vu whoa, NASDAQ Futures are again down 30 with -28 Fair Value, Dow Futures are down 130. The trend has been deep red all morning, following a selloff in overseas markets. Alibaba reports slowing growth and is down 5%.
Yesterday AAPL saw one of the most tragic intra-day sessions ever experienced, shockingly dropping over 6 points and giving up over 5%, losing all gains from Monday's "upgrades" and more.
This morning in pre-market, AAPL opened way down near 111 in conjunction with Futures and hit a low of 111.06 at 4:06am on moderate volume. Over the course of the pre-market session, AAPL has been steadily rebounding towards upper 112 on moderate to high volume and is currently down 69 cents at 112.8 near the pre-market high, though I'd hardly sound any victory trumpets just yet.
Classic max-pain is 116, down a substantial 2 points from yesterday.
Trump blames China!
http://money.cnn.com/2015/08/12/investing/donald-trump-china-yuan-currency/index.html
Is it possible this could go yuan more?
http://www.bbc.com/news/business-33883364
Alibaba growth stumbles:
http://www.reuters.com/article/2015/08/12/us-alibaba-results-idUSKCN0QH1BP20150812
Apple Tuesday woes decrypted?
http://fortune.com/2015/08/12/apple-china-yuan-devaluation/
Apple Pay finally arrives at Rite-Aid:
http://www.techtimes.com/articles/75946/20150812/rite-aid-to-accept-apple-pay-and-google-wallet-on-aug-15.htm
More ABC's of Google's new restructuring:
http://www.pcmag.com/article2/0,2817,2489404,00.asp
Salesforce bets on new Apple Watch apps:
http://www.sfchronicle.com/business/article/Salesforce-apps-give-salespeople-talking-points-6438437.php
Tablets mean business:
http://www.zdnet.com/article/android-and-windows-see-big-enterprise-tablet-surge-claims-report/
New Qualcomm chips promise better smartphones:
http://www.cnet.com/uk/news/qualcomm-says-your-next-smartphone-will-look-sharper-and-last-longer/
Facebook working on news app:
http://www.businessinsider.com/facebook-mobile-notification-breaking-news-app-2015-8
Cablevision pants on fire?
http://www.reuters.com/article/2015/08/11/us-verizon-cablevision-lawsuit-idUSKCN0QG2CJ20150811
What's next, Elon?
http://www.dailymail.co.uk/sciencetech/article-3192708/Elon-Musk-tempts-fate-death-defying-stunt-Tesla-billionaire-attempts-walk-PLANE-holiday.html
How cute, a "teeny" supermassive black hole:
http://www.telegraph.co.uk/news/science/space/11797938/Astronomers-find-teeny-supermassive-black-hole.html
Why, thank you R2:
http://boston.cbslocal.com/2015/08/12/mit-engineers-program-beer-delivering-robots/
Woman spotted on Mars, or is it a streak of dark sand?
http://www.independent.co.uk/news/science/it-looks-an-awful-lot-like-theres-a-woman-on-mars-in-this-nasa-photo-10448861.html
Today's economic calendar:
7:00 MBA Mortgage Applications
10:00 Atlanta Fed's Business Inflation Expectations
10:00 Job Openings and Labor Turnover Survey
10:30 EIA Petroleum Inventories
1:00 PM Results of $24B, 10-Year Note Auction
2:00 PM Treasury Budget
Notable earnings after today's close: BGG, CSCO, NWSA, WB
And tomorrow before the open: AAP, CELP. KSS, TRCO, VRTV, VSTO, XHR