Apple Today - 11/06/2015 OPEX (AAPL)
seymour_greenz • November 6th 2015 09:41:10 AM
Good Morning,
NASDAQ Futures are up 10 with +8 Fair Value, Dow Futures are up 11 on our first OPEX of November.
Asian markets closed mixed. China closed up 1.91% and Japan gained 0.78%. On the other hand, Hong Kong dropped 0.81%. European markets are currently broadly lower. Both UK and Germany are down around 0.1% while France is down nearly a full percent. A "stunningly strong" jobs report was delivered at 8:30am, indicating an increase in payrolls and a jobless rate of 5%, and the market is currently in reaction mode, balancing the increased probability of a rate raise with the strongest job numbers of the year. Earnings yesterday delivered much excitement with Shake Shack (SHAK) topping forecasts and gaining over 7% in after-hours and pre-market trading. Graphics chip manufacturer NVIDIA (NVDA) painted a very pretty earnings picture, increasing profits and shares have been rewarded over 8%. Tripadvisor (TRIP), on the other hand "tripped up" with an earnings miss and is currently down over 10%. As the sun sets on earnings season look out for Warren Buffett's Berkshire Hathaway (BRKA) this afternoon as well as DISH Network (DISH) and pharmaceuticals MannKind (MNKD) and Intercept Pharmaceuticals (ICPT) expected on Monday morning.
AAPL started out strong yesterday, reaching a peak of 122.69 in the first half hour of trading on moderately high volume but by 10am it was if a "switch was flipped" and AAPL rapidly dropped over 1.5 points on accelerated high volume. By 10:30am AAPL was clinging to 121 on hopes of a bounce but ultimately foundered as the lunch bell rang. AAPL dropped an additional 82 cents by 12:26 to land at a low of 120.18 on high but decelerating volume. AAPL oscillated between the low and 121 during afternoon trading and closed the intra-day session at 120.92. In after-hours, AAPL rebounded back towards 121.5 and ended the session gaining 39 cents to 121.31.
This morning in pre-market, AAPL opened up higher at 121.01 and gravitated towards 121.5, hitting 121.45 by 7:18am on low volume. Heading into the jobs report, AAPL became more volatile and saw a dip to 120.7 and then a spike up to 121.57 on high volume after the report was announced before settling back to the low 121-area. AAPL is currently up 19 cents at 121.11.
Classic max-pain is 122. Today is OPEX.
Jobs report of the year:
http://www.bloomberg.com/news/articles/2015-11-06/payrolls-in-u-s-climb-most-this-year-as-jobless-rate-reaches-5-
Treasuries tumble:
http://www.bloomberg.com/news/articles/2015-11-06/treasuries-tumble-as-job-gains-back-case-for-fed-rate-increase
Square IPO pricing:
http://www.nytimes.com/2015/11/07/business/dealbook/square-sets-conservative-ipo-price-range.html?_r=0
Qualcomm - China did it.
http://www.reuters.com/article/2015/11/05/us-qualcomm-results-idUSKCN0ST2VZ20151105
Busy times ahead for airlines:
http://www.travelpulse.com/news/airlines/report-suggests-thanksgiving-will-be-busiest-for-airlines-since-2008.html
Alibaba to buy video site youku tudou:
http://www.bloomberg.com/news/articles/2015-11-06/alibaba-agrees-to-buy-video-site-youku-tudou-for-27-60-a-share
New Apple patent hints at panic-mode button:
http://www.zdnet.com/article/apple-reaches-for-iphone-panic-mode-button-with-new-patent/
Google to make chips, follow Apple's lead?
http://www.forbes.com/sites/parmyolson/2015/11/06/google-android-phone-chips/
Google - search is their core:
http://www.forbes.com/sites/greatspeculations/2015/11/06/why-search-business-is-the-most-valuable-for-google/
Facebook is making sharing music easy:
http://www.wired.com/2015/11/facebooks-making-it-a-lot-easier-to-share-music/
BlackBerry Priv review:
http://www.pcmag.com/article2/0,2817,2494378,00.asp
Samsung Galaxy View review:
http://www.theverge.com/2015/11/6/9673932/samsung-galaxy-view-tablet-review-18-inch
Toyota $1m AI push:
http://www.pcworld.com/article/3002304/car-tech/toyota-to-make-1b-artificial-intelligence-robotics-rd-push-in-us.html
Windows 10 pushes on:
http://www.computerworld.com/article/3002136/windows-pcs/microsoft-risks-it-ire-with-windows-10-update-push.html
Man falls off ship, remains unfound:
http://miami.cbslocal.com/2015/11/06/coast-guard-searching-for-man-who-fell-off-ship/
Mars is losing atmosphere to space:
http://www.space.com/31044-mars-terraforming-nasa-maven-mission.html
Watch the spacewalk today live:
http://www.space.com/31042-astronauts-taking-spacewalk-today-webcast.html
Baby saved from leukemia by designer cell therapy:
https://www.washingtonpost.com/news/morning-mix/wp/2015/11/06/almost-a-miracle-untested-designer-cell-therapy-saves-a-baby-close-to-dying-from-cancer/
Today's Economic Calendar:
7:30 Fed's Bullard: U.S. economy and monetary policy
8:30 Non-farm payrolls
3:00 PM Consumer Credit
4:15 PM Fed's Reserve Gov. Lael Brainard: Unconventional monetary policy
Notable earnings after today's close: *ANTH*, *BRKA*, HNRG, HTCH, PLSDF, STON
And on Monday before the open: *BRDCY*, AAMC, ACI, AMG, ATTO, BDSI, *BID*, BLT, CRD.B, CRIS, *DISH*, DSCI, EVEP, EXXI, FSTR, FSYS, GLF, GLMD, HCOM, HMTV, *HTZ*, ICON, *ICPT*, INO, IPXL, ISIS, LABL, LGND, *MNKD*, MPAA, MRCC, NGL, NOR, NRF, NSAM, NSLP, OAKS, OPK, OSGB, PGN, PGNX, PLUG, POZN, PTLA, RDHL, RESI, SMLP, SPA, SUNE, *SYNL*, TA, TGTX, UCP, WRES, *WWAV*