Apple Today 09/23/2015 (AAPL)
seymour_greenz • September 23rd 2015 09:32:10 AM
Good Morning,
That's a little better. NASDAQ Futures are up 14 with +20 Fair Value, Dow Futures are up 44. China dropped again, Shanghai fell 2.1% and the Hang Seng dropped 3.4% on manufacturing data and more clues of an economic slowdown. On the other hand, European stocks are green after a rocky start and oil is up on stockpile data. US mortgage applications were up last week. Volkswagen seems to be stabilizing, though shares are down over 37% for the week. Pharmaceuticals such as Edwards Lifesciences Corp (EW), Allergan (AGN) and Vertex Pharmaceuticals (VRTX) are down 5%, 3% and 2% respectively on the heated resistance against high drug prices.
AAPL opened about a point lower yesterday than Monday's 115 close, suffering along with the "broader market", and sold down to 112.52 by 1:30pm on moderate volume bot sawtooth. Later in the afternoon, AAPL recovered about a point to close intra-day at 113.4. After-hours was stable and uneventful until the last hour when AAPL dropped an additional 30 cents to close at 113.1.
This morning in premarket, AAPL opened down at 113, hitting a low of 112.97 at 4:04am on low volume before quickly bouncing up to 114.25 within 45 minutes on low volume. AAPL settled in a tight range in the upper 113s for the rest of the morning until 8am when some decent volume came in and pushed AAPL up above 114 again, reaching 114.2 by 8:42am. AAPL is currently up 60 cents at 114.
Classic max-pain is 113.
The see-saw continues... China down, Europe up, and US?
http://www.reuters.com/article/2015/09/23/us-global-markets-idUSKCN0RN01520150923
Time to raise?
http://www.bloomberg.com/news/articles/2015-09-23/gross-tells-fed-to-get-off-zero-now-as-economies-run-on-empty
US mortgage apps up:
http://in.reuters.com/article/2015/09/23/usa-economy-mortgages-idINN9N0WQ00H20150923
VW scandal could hurt German growth:
http://www.nytimes.com/aponline/2015/09/23/world/europe/ap-volkswagen-the-latest.html
iPhone 6s, no contract please:
http://www.cnet.com/news/iphone-6s-hitting-wireless-landscape-in-transition/
Apple Car motors ahead?
http://www.forbes.com/sites/steveschaefer/2015/09/22/apple-car-distraction-stock-price-icahn/
Siri is listening:
http://www.bna.com/siri-hear-course-b57982058582/
Upgrade to 6s on T-Mobile for $5 per month:
http://appleinsider.com/articles/15/09/22/t-mobile-trade-in-plan-offers-iphone-6s-from-5-per-month
Upcoming Google event next week triggers discounted phones:
http://www.cnet.com/news/nexus-6-discounted-ebay-amazon-google-event/
Facebook Instagram hits 400m:
http://www.wired.com/2015/09/instagram-now-tops-400-million-users-40-billion-photos/
Xiaomi gets in the China wireless service game:
http://www.techtimes.com/articles/87219/20150923/xiaomi-announces-mi-mobile-will-sell-wireless-service-to-customers-in-china.htm
You can Uber in China now:
http://fortune.com/2015/09/23/uber-china-ubercommute/
NY issues 1st Bitcoin license:
http://www.pcworld.com/article/2985311/business/new-york-issues-first-bitcoin-license-brings-consumer-protection.html
Sad day for our Quirky friend:
http://fortune.com/2015/09/22/quirky-files-bankruptcy/
Please keep your microbes to yourself:
http://www.scientificamerican.com/podcast/episode/we-emit-clouds-of-microbes-wherever-we-go/
See Saturn's dark side:
http://www.space.com/30604-saturn-dark-side-cassini-photo.html
New record for QT:
http://www.techtimes.com/articles/87475/20150923/scientists-set-new-distance-record-for-quantum-teleportation.htm
Ridley Scott launches new movie about Mars:
http://www.cnet.com/news/the-martian-gives-matt-damons-spaceman-too-much-space-review/
Baby giraffe:
http://www.csmonitor.com/Science/2015/0922/You-probably-didn-t-expect-giraffes-to-sound-like-this
Drug price debate contines:
http://www.washingtonpost.com/news/morning-mix/wp/2015/09/23/pharma-bro-martin-shkreli-and-the-very-american-debate-over-maximizing-profit/
Today's Economic Calendar:
7:00 MBA Mortgage Applications
9:45 PMI Manufacturing Index Flash
10:30 EIA Petroleum Inventories
11:30 Results of $13B, 2-Year FRN Auction
1:00 PM Results of $35B, 5-Year Note Auction
Notable earnings after today's close: AMRK, FUL, SCS, WOR
And tomorrow before the open: ACN, KBH, OMN, SCHL