Now taking membership applications! Login or Register with Invitation Code

Apple Today - 12/04/2015 OPEX (AAPL)

Good Morning,

NASDAQ Futures are up 5 with +10 Fair Value, Dow Futures are up 33 on the first OPEX of December. Futures were up considerably higher earlier this morning.

Asian markets closed down sharply. China lost 1.67%, Hong Kong dropped by 0.81% and Japan fared the worst, down 2.18%. European markets are all currently lower as well. The UK is down 0.24%, Germany is in the red by 1.05% and France is down 0.75%. Commodities are mostly up this morning with oil up over 1%, natural gas is up nearly 0.2% and gold is slightly below flat, down 0.11%.

US payrolls increased more than forecast in November.

Semiconductor manufacturer Ambarella (AMBA) is down nearly 9% after reporting earnings yesterday afternoon and announcing a weak outlook with "headwinds on wearables", based on the price action yesterday and speculation, it's rumored that the report may have leaked early at 3:30pm EST. Shares of book retailer Barnes & Noble (BKS) are also down over 13% after announcing weak earnings.

Another brutal day for AAPL and the broader market yesterday with AAPL dropping another 0.93%. Yesterday's pre-market looked optimistic with AAPL reaching into the mid-117 area, however the tone changed after the open and AAPL struggled to stay afloat. First harmlessly dipping to 115.81 on moderate volume at 9:42am and recovering back to green, then again testing that low and pushing it to 115.76 at 10:40am on lower volume before making a brief intra-day high of 116.79 at 11:16am on moderate volume. Once low-volume lunchtime hit, AAPL dropped constantly for 2 hours, bottoming at 114.22 at 2:34pm on moderately high volume before bouncing back toward 115. After bouncing around between 115 and 114.5 in late afternoon trading, AAPL closed the painful intra-day session down 1.08 at 115.20. After-hours saw a bit of relief with AAPL gaining 26 cents to close at 115.46.

This morning in pre-market, AAPL opened up higher at 115.7 on moderate volume in conjunction with Futures and initially appeared to be moving towards 116, reaching as high as 115.97 at 4:14am on low volume. Unable to reach 117, AAPL struggled in the upper-115 area and lost 115.5, dipping to 115.28 at 8:28am on moderate volume before bouncing back into upper-115 area on high volume, peaking at 115.73, then dropping again towards 115. AAPL is currently down 10 cents at 115.1


Classic max-pain is 117. Today is OPEX.


US payrolls increased more than forecast in November:
http://www.bloomberg.com/news/articles/2015-12-04/payrolls-in-u-s-increased-more-than-forecast-in-november

Solid US employment report a green light for December rate hike?
http://www.reuters.com/article/us-usa-economy-idUSKBN0TN0AY20151204
http://www.nytimes.com/2015/12/05/business/economy/jobs-report-hiring-unemployment-november.html?_r=0

US trade deficit widens as exports hit three-year low:
http://www.reuters.com/article/us-usa-economy-trade-idUSKBN0TN1GM20151204

Euro takes a breather:
http://in.reuters.com/article/global-forex-idINL8N13T1UR20151204

Barnes & Noble wants to turn the page:
http://www.nytimes.com/2015/12/04/business/media/barnes-noble-wants-to-become-more-than-books.html

Should Yahoo sell?
http://www.reuters.com/article/us-yahoo-divestiture-alibaba-idUSKBN0TM1BY20151204

Zuckerberg denies his new organization is a slick tax dodge:
http://www.engadget.com/2015/12/04/zuckerberg-denies-initiative-is-a-tax-dodge/

9 Samsung executives investigated for insider trading:
http://www.nytimes.com/2015/12/05/business/international/samsung-insider-trading-investigation-korea.html

Apple to outpace rivals:
http://appleinsider.com/articles/15/12/03/idc-expects-apples-iphone-to-handily-outpace-a-slowing-global-smartphone-market-in-2015

Apple's Swift now open source:
http://www.macrumors.com/2015/12/03/swift-open-source/

Google's best Android apps:
http://www.androidpolice.com/2015/12/04/google-releases-its-list-of-best-apps-of-2015-with-regional-focus-and-some-questionable-choices/

Facebook adds live video:
http://dfw.cbslocal.com/2015/12/04/facebook-adds-live-video-to-sharing-options/

Samsung to pay Apple $548 million in 5-year old patent trial:
http://www.macrumors.com/2015/12/04/samsung-to-pay-apple-548-million/

New A9-based 4-Inch iPhone to launch early 2016:
http://www.macrumors.com/2015/12/03/kgi-4-inch-iphone-mid-2016-a9-nfc-metal/

Look out Fitbit, Apple is on your tail:
http://www.forbes.com/sites/parmyolson/2015/12/04/fitbit-wearables-apple-watch-xiaomi/

Mergers and acquisitions of the day:
http://www.reuters.com/article/deals-day-idUSL3N13T3EI20151204

Nokia closes maps unit sale to German car makers:
http://www.reuters.com/article/us-nokia-here-idUSKBN0TN1J020151204

Ganging up un Uber:
http://blogs.reuters.com/breakingviews/2015/12/04/global-taxi-app-alliance-will-test-faith-in-uber/

Sluggish Windows Phone growth ahead?
http://techcrunch.com/2015/12/04/idc-predicts-sluggish-windows-phone-sales-growth/

Watch a 4-year old girl drive a Volvo FMX?
http://www.ledgergazette.com/new-volvo-video-features-four-year-old-girl-driving-a-volvo-fmx/169293/

Clues to mysterious cosmic radio pulse:
http://news.discovery.com/space/astronomy/mystery-cosmic-radio-pulse-leaves-magnetic-clue-151203.htm

Migratory birds threatened:
http://news.discovery.com/animals/migratory-birds-threatened-by-poor-habitat-protection-151204.htm

Nearly half of Americans with high cholesterol not on medication:
http://www.universityherald.com/articles/26815/20151204/almost-half-of-americans-with-high-cholesterol-not-on-medication.htm

Watch your weight:
http://www.independent.ie/life/health-wellbeing/health-features/a-mans-weight-affects-the-genes-in-his-sperm-study-34258711.html


Today's Economic Calendar:
8:30 Non-farm payrolls
8:30 International Trade
1:00 PM Baker-Hughes Rig Count
3:45 PM Fed's Bullard: “Neo Fisherianism”
4:10 PM Fed's Kocherlakota “Monetary Policy Renormalization”


Notable earnings after today's close: ARWR, ODC

And on Monday before the open: HMLP, JOUT, MFRM, NX, MTN, MESG

Go Back