Apple Today - 3/08/2016 (AAPL)seymour_greenz March 8th 2016 11:03:26 AM
NASDAQ Futures are down 25 with -27 Fair Value, S&P Futures are down 10 with -11 Fair Value and Dow Futures are down 68 on this day a week later from Super Tuesday. Futures have been down this morning, reaching a low at 5:22am and recovering somewhat at 7am but still in the red.
Asian markets ended mostly down today. China gained 0.14%, Hong Kong slipped 0.78% and Japan dropped 0.76%. European markets are down today. The UK is currently down 0.39%, Germany is down 0.45% and France is down 0.48%.
Commodities are mixed this morning. Oil is up 0.55%, natural gas is up 2.25% and gold is up 0.87%. Unleaded gas is up 1.36% and heating oil is up 1.03%. Metals are up except copper. Meat is down. Cocoa, coffee, cotton, corn, wheat and soybeans are all down.
Weak Chinese data rattles stock markets.
Shake Shack (SHAK) reported earnings along with weak guidance yesterday afternoon and is down nearly 9% in pre-market. On the other hand, at the same time Urban Outfitters, Inc. (URBN) announced a Q4 earnings beat and is up nearly 9%.
Dick's Sporting Goods, Inc. (DKS) is down nearly 5% after reporting Q4 earnings this morning that missed expectations.
This afternoon after the bell, look for earnings from Imation Corporation (IMN) and U.S. Auto Parts Network, Inc. (PRTS).
Tomorrow, Express, Inc. (EXPR) is expected to report.
AAPL had a hangover Monday, balancing losses of 1.11% against a remarkable bullish week last week during a fairly low volume session. AAPL opened down at 102.52 on moderately high volume and struggled in the upper-102 area on average volume before conceding to 102 through lunch hour on low volume. By the time the burrito wrappers hit the cans the scales had tipped against AAPL and AAPL dipped as low as 100.96 at 3:06pm on moderate volume. In the last hour, AAPL was able to bounce back into the upper-101 area on moderate volume and closed out the intra-day session down 1.14 at 101.87. AAPL dropped an additional 19 cents in after-hours to 101.68.
This morning in pre-market, AAPL felt the full weight of sour Futures and opened below 101, dipping as low as 100.3 at 6:07am on relatively high pre-market volume. AAPL has bounced but has been struggling with the 101-area since. AAPL is currently down 87 cents at 101 as we approach the open.
Classic max-pain is 100.
Weak Chinese data rattles stock markets:
Japanese government bonds surge:
Will we see rate hikes at March meeting?
Brainard urges patience at Fed as Fischer sees inflation signs:
Iron ore price surges:
Bank of England warns of Brexit risks:
Cyprus confident of bond-market access after bailout exit:
Dick's blames slow holiday on warm winter:
Wall Street bonuses fell in 2015:
Goldman banker Leissner quit after violating company rule:
Justice Department appeals ruling in Apple iPhone case in Brooklyn:
Can Poole fix Google social?
Samsung Galaxy S7 review:
Apple vs. FBI continues:
ExxonMobil lets you buy gas using Apple Pay:
Microsoft opens to Linux:
Google Photos adds Live Photos support for iOS:
Can Google succeed where Facebook failed?
Get a Lyft with Facebook Messenger:
Verizon racks up $1.35 million fine for violating consumer privacy:
Toyota building wearable device for the blind:
Skype Translator test drive:
PlayStation VR has a lower age limit than Oculus Rift:
Volkswagen inquiry expands to 17:
Stretchy "Meta-Skin" cloaks objects from radar:
Meet the darkest material on Earth:
Could shipwrecks help predict hurricanes?
Outrun a Supervolcano?
Why is Mercury so dark?
1 year milestone at dwarf planet Ceres:
Watch the eclipse live today:
Shall we welcome Pluto back as a planet?
A hopeful start:
Out of shape teens at higher risk for diabetes:
Some dementia patients lose ability to understand language:
The key to reduce teen homicide rates:
Low prenatal vitamin D linked to later multiple sclerosis:
This new bionic fingertip "feels" promising:
Today's Economic Calendar:
6:00 NFIB Small Business Optimism Index
8:55 Redbook Chain Store Sales
1:00 PM Results of $24B, 3-Year Note Auction
Notable earnings after today's close: ATTO, ABM, ATSG, AVAV, BPI, BRSS, CERS, CISG, CPTA, CTHR, FENG, HRZN, *IMN*, LFL, MGCD, MRVC, NCS, ONCS, ORIG, PARXF, PRMW, *PRTS*, QUMU, REGI, REN, RIGL, SMSI, SYX, TEAR, TST, VTL, WGBS, WHLR, WTI, XENE, ZAGG
And tomorrow before the open: AHEXF, AMED, CASM, CPG, CTSO, EPZM, *EXPR*, GNE, GNVC, HOV, HYGS, III, INFU, INS, KFY, LGIH, LMIA, ONCE, ORBC, SALM, SEMFF, SEMI, TGA, TRK, TRVN, VRA, ZFC