Apple Today - 10/19/2015 (AAPL)seymour_greenz October 19th 2015 09:31:30 AM
NASDAQ Futures are down 16 with -9 Fair Value, Dow Futures are down 59 on China data and "concerns" of decelerating growth and factory output. China's economy grew 6.9% as compared to a year ago, beating forecasts for 6.8% growth but confirming the slowest growth pace since the global financial crisis. Asian markets closed mixed. Hong Kong gained 0.04%, while the Japan dropped 0.88% and China ended slightly down at 0.14%. Gold is currently down and oil is down sharply, on the other hand natural gas is up sharply. Weight Watchers (WTW) is up after Oprah Winfrey announced she is buying a 10% stake in the company, joining the board and planning to take part in the diet program. Morgan Stanley (MS) is down nearly 6% after reporting this morning. Hasbro (HAS) also reported this morning and is down around 1%. Among others, IBM (IBM) and Sonic (SONC) are due this afternoon.
AAPL saw a relatively volatile week last week. Starting the week out at 112 and dropping below 110 on Wednesday on the Wisconsin Alumni Research Foundation (WARF) patent lawsuit loss. Like bookends for Wednesday, both Tuesday and Thursday saw "whippy" swings and AAPL ultimately closed out the week at 111.04.
This morning in pre-market, AAPL appeared to be holding the 111 but as Futures soured AAPL eventually gave in. By 7:12am, AAPL was 110.9 on low volume before breaking back up to 111.25 at 7:34am on low volume. As Futures continue to deteriorate, AAPL lost 111 by 8:30am and dropped rapidly into the mid-110s. AAPL AAPL is currently down 36 cents at 110.68.
Classic max-pain is 111.
China GDP Growth Beats Forecasts:
Asian stocks pull back from 2-month high:
Oil up on China demand:
Morgan Stanley misses:
VW chief resigns as head of holding company:
Oprah buys Weight Watchers:
iPhone 7, Intel inside:
3D Touch is great but could it be better?
Nexus 6P review:
Facebook will warn you:
YouTube getting exclusive:
Thinking about Windows 10?
Skynet is that you?
Hole in the Sun:
Detecting Alzheimer's through a blood test:
Today's Economic Calendar:
10:00 NAHB Housing Market Index
Notable earnings after today's close: AMX, BBCN, BMI, BOXC, BRO, BXS, CCK, CE, ELS, FDEF, FLEX, GIG, HA, HLX, HSTM, HXL, IBM, IEX, PFBC, RLI, RMBS, SFBS, SONC, STLD, VLRS, WASH, WIBC, ZION
And tomorrow before the open: ARMH, ARMHF, ASOMF, ASTE, ATI, ATLKY, BK, CP, DOV, EAT, EDU, FITB, HOG, ICE, LMT, MBWM, NRDEF, OMC, PLD, PNR, RF, SAP, SBNY, SIFY, SIX, SNV, STBA, SVNLF, TGNA, TLSNF, TMOAF, TRV, TTS, UBSH, UNB, UTX, VZ, WWW, YARIY