Thanksgiving Today - 11/25/2015 (AAPL)
seymour_greenz • November 25th 2015 09:38:55 AM
Good Morning,
NASDAQ Futures are up 12 with +10 Fair Value, Dow Futures are up 45 on this busy day of economic data before Thanksgiving.
Asian markets ended mixed. China closed up 0.88%. However, Hong Kong ended down 0.40% and Japan closed down nearly as much, 0.39%. European markets are all currently sharply up with Germany leading at 1.68%, France is also up 1.34% and UK is up 0.54%. Commodities are currently down pre-market. Oil is down over 1.5%, natural gas is down nearly 1% and gold is down slightly at 0.1%.
This is a "hyperactive" day of economic data, including jobless claims at 8:30am and new home sales at 10am, among many others. Consumer spending rises less than forecasted, US business spending gauge surges and durable goods orders soar.
Guess? (GES) reported yesterday and is currently up 6.5% in pre-market, despite declining earnings. TiVo (TIVO) also announced earnings yesterday is currently up 5%. On the other hand, HP (HPQ) misses Q4 EPS by 3 cents and is down nearly 9%, despite strong Q1 guidance. This morning, Deere & Company (DE) reported earnings, topping Q4 earnings estimates but missing on revenue, yet currently up 5% in pre-market. Look for earnings from Chinese social networking company Renren (RENN), set to announce on Friday morning before the open.
Besides a brief jittery open, AAPL had a solid recovery day yesterday, regaining nearly 1% (0.96%) of Monday's loss. AAPL started out lower in pre-market and opened near the day's low but shot up a point almost immediately on moderately high volume, turning green for the day and chipping away towards 119. News of Apple Pay launching in China may be a buoying factor. By 10am AAPL saw a "curious" dip and brief red flash below 117.5 at 10:48am on high volume, but by 11:54am the dip was erased and AAPL hit an intra-day peak of 119.35 on moderate volume before settling just under 119. AAPL spent the remainder of the day, 4 hours, with an eye on 119 and hovering in the high-118 area. AAPL closed the intra-day session at 118.88 and traded in a fairly narrow range in after-hours, but ultimately dropped 23 cents to close the after-hours session at 118.65.
This morning in pre-market, AAPL picked up where it left off in yesterday's intra-day session and spent all morning sticking to 119 with increasing sign of energy as we approach the open. AAPL is currently up 24 cents to 119.12.
Classic max-pain is 118. The markets are closed tomorrow for Thanksgiving. Enjoy the day with your friends and family.
Consumer spending rises less than forecasted:
http://www.bloomberg.com/news/articles/2015-11-25/consumer-spending-rises-less-than-forecast-as-americans-save
U.S. business spending gauge surges, durable goods orders soar:
http://www.reuters.com/article/2015/11/25/us-business-spending-usa-idUSKBN0TE1MH20151125
ECB easing report weighs on Euro, bond yields:
http://in.reuters.com/article/2015/11/25/markets-global-idINL8N13K2D320151125
German business confidence rises:
http://www.bloomberg.com/news/articles/2015-11-24/german-business-confidence-increases-in-sign-of-robust-economy
A tale of Allergan, Pfizer and tax inversion:
http://www.nytimes.com/2015/11/25/business/dealbook/telltale-signs-that-deal-makers-swallowed-the-silly-pills.html?_r=0
Apple buys motion-capture start-up:
http://www.pcmag.com/article2/0,2817,2495679,00.asp
iPad Pro vs laptop:
http://www.pcworld.com/article/3006268/tablets/tested-why-the-ipad-pro-really-isnt-as-fast-a-laptop.html
Vine on Apple Watch:
http://gadgets.ndtv.com/apps/news/vine-finally-comes-to-apple-watch-ios-app-updated-769739
Google plays Santa:
http://www.cnet.com/news/android-pay-donate/
Google hires the Sun:
http://www.zdnet.com/article/google-contracts-for-solar-power-for-north-carolina-data-centers/
YouTube, kids and junk food:
http://www.nytimes.com/2015/11/25/technology/youtube-kids-app-faces-new-complaints.html
Windows 10 update goofed some privacy settings:
http://www.pcworld.com/article/3008571/windows/microsofts-november-windows-10-screwed-up-some-users-privacy-settings.html
Amazon has password leak?
http://www.zdnet.com/article/amazon-is-resetting-account-passwords-for-some-accounts/
Facebook CEO and the paternity-leave revolution:
http://venturebeat.com/2015/11/24/heres-hoping-facebook-ceo-mark-zuckerberg-will-start-the-overdue-paternity-leave-revolution/
PlayStation 4 sales top 30 million:
http://www.pcmag.com/article2/0,2817,2495674,00.asp
Is Xiaomi's valuation "unfeasible"?
http://www.bloomberg.com/news/articles/2015-11-25/xiaomi-s-45-billion-valuation-seen-unfeasible-as-growth-cools
Wait to buy these items on Black Friday:
http://www.cnet.com/news/dont-buy-until-black-friday/
More great Black Friday 2015 deals:
http://www.usatoday.com/story/money/personalfinance/2015/11/25/best-black-friday-deals-holiday-shopping/76334380/
Temp tech tattoos can do a lot more than look pretty:
http://www.engadget.com/2015/11/25/temp-tech-tattoos/
Found the missing carbon?
http://www.techtimes.com/articles/110430/20151125/scientists-track-down-missing-carbon-from-mars-atmosphere.htm
Meet Franken-worms:
http://www.cnet.com/au/news/science-creates-flatworms-with-the-heads-and-brains-of-other-flatworms/
Watch Inside Einstein's Mind:
http://www.livescience.com/52911-inside-einsteins-mind-pbs-show.html
Avoid Costco chicken salad:
http://www.reuters.com/article/2015/11/24/us-costco-wholesale-ecoli-idUSKBN0TD2UZ20151124
Good for moms, too:
http://abcnews.go.com/Health/studies-show-moms-benefit-breastfeeding/story?id=35398924
Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:30 Initial Jobless Claims
8:30 Durable Goods
8:30 Personal Income and Outlays
9:00 FHFA House Price Index
9:45 PMI Services Index Flash
9:45 Bloomberg Consumer Comfort Index
10:00 New Home Sales
10:00 Reuters/UofM Consumer Sentiment
10:30 EIA Petroleum Inventories
11:30 Results of $29B, 7-Year Note Auction
12:00 PM EIA Natural Gas Inventory
Notable earnings after today's close: BONA, DSNY
And on Friday before the open: EGDFF, *RENN*, ACTS, NPSNY