Apple Today - 12/08/2015 (AAPL)seymour_greenz December 8th 2015 09:30:21 AM
NASDAQ Futures are down 54 with -45 Fair Value, Dow Futures are down 193 on weak China data. Futures have worsened considerably as we approach the open.
Asian markets ended sharply lower. China closed down 1.89%, Hong Kong dropped 1.34% and Japan ended 1.04% lower. European markets are all currently down as well. The UK is down 1.21%, France is down 1.34% and Germany is lagging further behind, down 1.56%. Commodities are in trouble again this morning, with oil down 2% in pre-market again. Natural gas is down 1.6% and gold is down 0.62%. Corn is the sole green commodity this morning, up 0.27%.
Redbook's chain-store sales for the week ending November 28 beat views, as did construction spending for October.
The Children's Place (PLCE) is up nearly 7% in pre-market this morning after posting an upbeat Q3 profit. This afternoon after the bell, look for earnings from Krispy Kreme Doughnuts (KKD) and Dave & Buster's Entertainment (PLAY). Tomorrow morning, Costco Wholesale Corporation (COST) and Lululemon Athletica (LULU) are expected to report earnings.
AAPL had a down day yesterday, dropping 0.63%, though it appeared to hold up fairly well considering the broader market. AAPL opened on a high note, picking up from last Friday's "rally" and quickly zoomed up towards 120, hitting a peak of 119.86 by 9:38am on moderate volume. After that, AAPL danced around 119, flipping back and forth from red to green a few times before conceding 119 at 10:30am to head down towards mid-118 by 11am, then to the low-118 area for the rest of the day, with the exception of a dip below 118 to 117.81 at 3:06pm on relatively low volume. AAPL quickly recovered the dip to end the intra-day session at 118.28. AAPL traded in a narrow range in after-hours, eventually losing 2 cents to 118.26.
This morning in pre-market, AAPL opened up lower in conjunction with Futures and quickly lost the 118. Struggling to hold the upper-117 area in the face of worsening Futures, AAPL eventually conceded and broke below 117.5 at 7:32am on relatively high volume. As Futures declined, so did AAPL, hitting as low as 117 at 8:30am. AAPL is currently down 1.18 at 117.10.
Classic max-pain is 117.
Oil down again:
Is Yuan move good for Chinaâ€™s political stability?
Big companies sign up to emissions goals:
How about Tesla?
Apple unveils 25-hour battery case for the iPhone 6 and 6S:
Google's Life Sciences division now Verily:
Google's Safe Browsing goes mobile:
Google Calendar nags you to grocery shop:
Facebook has big plans for WhatsApp:
Facebook shuts down some social apps:
Snapchat, not so snappy lately:
Dropbox to refocus on core:
More on Microsoft open source Edge browser core:
Microsoft Lumia 950/950 XL review:
France eyes restrictions on public Wi-Fi and Tor:
Are these our future actors?
Global greenhouse-gas emissions to fall in 2015?
Japanese probe's 2nd attempt to enter Venus orbit:
How dinosaurs evolved so quickly:
Chipotle shares fall amid E. Coli, sales issues:
Arnold Schwarzenegger says "Go part-time vegetarian to protect the planet":
Weight loss surgery to reverse diabetes?
Today's Economic Calendar:
6:00 NFIB Small Business Optimism Index
8:55 Redbook Chain Store Sales
10:00 Job Openings and Labor Turnover Survey
1:00 PM Results of $13B, 3-Year Note Auction
Notable earnings after today's close: ABM, ALOG, AVAV, EMKR, EMP.A, FEIM, GTIM, HELI, *KKD*, MIND, OXM, *PLAY*, SEV, SIGM, SWHC, TPLM
And tomorrow before the open: *COST*, DLMAF, FGP, FRAN, KFY, *LULU*, TAX, VRA, ZX