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Apple Today - 12/02/2015 (AAPL)

seymour_greenz • December 2nd 2015 09:39:17 AM

Good Morning,

NASDAQ Futures are up 3 with +4 Fair Value, Dow Futures are down 20 on a busy day of economic data, including a speech from Janet Yellen this afternoon. Futures were further up earlier this morning and flat last night.

Asian markets were mostly up today with the exception of Japan. China closed up 2.33%, Hong Kong gained 0.44% and Japan dropped 0.37%. European markets are currently mixed. The UK is in the green by 0.34% while Germany and France are down 0.41% and 0.29%, respectively. Commodities are mostly down this morning with natural gas currently down by 1.75% and oil down by approximately 1.12%. Gold is holding on to a small gain in pre-market with 0.11%.

According to ADP, US Companies added 217,000 workers in November. US Q3 productivity has been revised upward, though the trend is still weak and manufacturing in US has been reported to have contracted at its fastest pace since 2009.

A number of retailers are scheduled to report results after the close today, including American Eagle Outfitters (AEO), Aeropostale (ARO), New York & Co (NWY) and PVH (PVH), the company behind the Calvin Klein and Tommy Hilfiger brands. Also look for earnings from cloud storage company Box (BOX) this afternoon. Tomorrow before the open, discount retailer Big Lots (BIG) and lawn equipment manufacturer Toro Company (TTC) will be reporting.

AAPL had a tough Tuesday, losing 0.81%. Yesterday's pre-market looked pretty with AAPL gravitating towards 119 good but AAPL failed to reach that high at the open and pretty quickly turned red on moderately high volume after the open. After a test of 118 just after 10am on low volume, AAPL struggled to stay afloat and in the green for the rest of the morning until 118 was lost mid-lunchtime. Low but steady selling volume brought AAPL down to 117 by mid-afternoon and AAPL hit a low of 116.86 while seeing an increase in volume. Bouncing from there, AAPL seemed to be heading towards 117.5 but missed the mark and closed down 96 cents at 117.34. After-hours, while generally in a narrow range, saw additional selling pressure bringing AAPL down an additional 15 cents to 117.19.

This morning in pre-market, AAPL opened up higher on low volume in conjunction with Futures and seemed to hug the 117.5 line for most of the morning. As Futures worsened, AAPL dropped in pre-market and got pulled down towards 117 and yesterday's low. By 8:38am, AAPL hit a low of 116.9 on high volume before bouncing back toward 117. AAPL is currently down 35 cents to 116.99.

Classic max-pain is 118.

US Companies added 217,000 workers in November - ADP:

US Q3 productivity revised up, trend still weak:

Manufacturing in US contracts at fastest pace since 2009:

Yellen has a busy day ahead:

ECB stimulus hopes keep Europe stocks at three-month high:

Toyota, Nissan gain share as US continues 3-month boom:

Mark Zuckerberg to donate 99% of his Facebook shares:

Yahoo for sale?

Oil woes:

IMF approves reserve-currency status for Yuan:

Apple's headphone jack controversy:

Samsung VR browser:

LinkedIn launches updated mobile apps:

Microsoft HoloLens app idea contest:

Lenovo and the affordable ThinkPad P50s and ThinkStation P310:

DirecTV promises live 4K channels in early 2016:

The great and mysterious PS4 core unlock:

SSD pricing now rivals HD:

Microsoft, Apple, at peace:

Is Flash really dead?

BlackBerry Priv update:

Google follows Pinterest:

Your fears about the genetic engineering revolution are... overblown?

Or are they?

Dino "disco" discovered:

Einstein must wait a little longer to test his ultimate theory:

Elon escalating rocket race:

Super-diamonds are a scientist's best friend:

FDA celery recall expanded:

NYC to spend $23M per year on new plan to fight AIDS:

Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Productivity and Costs
8:30 Gallup U.S. Job Creation Index
9:00 Daniel Tarullo speech
10:30 EIA Petroleum Inventories
12:25 PM Janet Yellen speech
2:00 PM Fed's Beige Book
3:40 PM Fed's Williams: Economic Outlook

Notable earnings after today's close: *AEO*, *ARO*, ASPU, *AVGO*, *BOX*, BV, CCIH, MTSC, NWY, PLAB, PSUN, *PVH*, RKNEF, SNPS, TLYS, VMEM, VRNT

And tomorrow before the open: *BIG*, EKTAF, GCO, HOV, MCC, *TTC*

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