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Apple Today - 10/13/2015 (AAPL)

seymour_greenz • October 13th 2015 09:31:15 AM

Good Morning,

NASDAQ Futures are down 25 with -22 Fair Value, Dow Futures are down 76. The global sour mood is on a "reprieve of weakness in China trade data", indicating potential economic issues for the world's second largest economy. Surprisingly, Asian markets closed mixed, with Shanghai actually up 0.17% and Hang Seng down 0.57%. Japan was the worst affected Asian market and closed down 1.11%. European markets are currently down around 1-2%, on average, with the UK fairing the best, under 1% down. Oil and gold are flat. Low oil prices may take a toll on the Russian economy as well, according to Russian finance minister Siluanov. Anheuser-Busch InBev and SABMiller are progressing on their takeover plans. Pepsi (PEP) is reportedly working on a new smartphone called the Pepsi P1 in a marketing push. Earnings season heats up with Intel (INTC) and a number of others reporting this afternoon after the bell, and bank giants Bank of America (BAC) and Wells Fargo (WFC) tomorrow morning. Johnson & Johnson (JNJ) is currently down 2% after reporting this morning.

While pre-market yesterday appeared very promising with AAPL touching 113, AAPL suffered a weak open and quickly lost 112 and turned red for the day. Though there was a brief bounce in the morning with an attempt to reclaim 112 that peaked 112.32 at 10:34am on moderate volume, AAPL slipped into the afternoon and reached a low of 111.44 by 1:16pm on moderate volume. Another bounce later that hour briefly regained 112 but was sold on moderate volume and AAPL drifted down closing near the intra-day low at 111.58. After-hours gained 9 cents to 111.67.

This morning in pre-market, AAPL opened lower in conjunction with Futures at 111.05, at 4:06am on low volume and dropped as low as 110.69 at 5:12am on light volume before running back up to 111 and reaching a pre-market peak of 111.2 on higher volume, aided in part by a 110,900 institutional trade at 8am at 111.05. Since, AAPL has been struggling with the 111 and is currently down 64 cents at 110.94.

Classic max-pain is 115.

Futures down on China trade data:

Stocks retreating?

Oil surplus into 2016?

Gold down on profit taking?

AB InBev, SABMiller deal brewing:

Twitter layoffs:

Johnson & Johnson reports:

Fortress's Novogratz is done:

Apple iMac 2015 review:

The passion of the Apple:

Facebook testing shopping:

Adobe and DocuSign sign alliance:

Pepsi phone?

One remote to rule them all:

New Prius hybrid:

25k tax deduction for a Tesla?

After 60 years, DNA shape still surprises:

Are you a pig?

Today's Economic Calendar:
6:00 NFIB Small Business Optimism Index
8:00 Fed's Bullard: U.S. Economy and Monetary Policy
8:55 Redbook Chain Store Sales
2:00 PM Treasury Budget

Notable earnings after today's close: ADTN, CSX, HAWK, IDT, INTC, JPM, LLTC, OZRK, SAR, VOXX
And tomorrow before the open: BAC, BLK, DAL, LRN, PNC, WFC

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