Apple Today 08/17/2015 (AAPL)
seymour_greenz • August 17th 2015 09:18:55 AM
Good Morning,
NASDAQ Futures are down 14 with -8 Fair Value, Dow Futures are down 67. Futures were flat to green earlier and have since drifted lower, more rapidly as we approach the open. NY Manufacturing Survey released at 8:30am and indicates a slowdown.
Last week was another relatively tough week for AAPL. After a strong OPEX recovery on Monday and grasping at 120, Wednesday saw 110 break before bouncing back up to 116 later in the week. AAPL ended the week at 115.96.
This morning in pre-market, AAPL opened higher and made its way up to the mid-116s on low volume before selling down to 115.95 on moderate volume around 7:30am. After bouncing above 116, AAPL hit a fresh pre-market low of 115.9 just over an hour later on moderate volume. AAPL is currently down a 4 cents at 115.92.
Classic max-pain starts out the week at 120.
Soft numbers reported on New York manufacturing:
http://abcnews.go.com/Business/wireStory/manufacturing-york-shrinks-2009-33129777
Tesla gets a whopper of an upgrade:
http://www.bloomberg.com/news/articles/2015-08-17/morgan-stanley-massively-hikes-price-target-on-tesla-says-stock-could-almost-double
Apple TV forthcoming:
http://www.telegraph.co.uk/technology/apple/11807125/Apple-TV-release-date-What-to-expect.html
Is Apple Car coming to pick you up?
http://www.techspot.com/news/61772-apple-self-driving-car-may-further-along-than.html
iPad Mini 4:
http://tvnewsroom.org/newslines/business/ipad-mini-4-rumors-features-release-date-apple-s-next-gen-tablet-coming-85512/
Bezos fires back:
http://fortune.com/2015/08/17/jeff-bezos-memo-new-york-times/
Rambus shifts it chips:
http://www.reuters.com/article/2015/08/17/us-rambus-chips-idUSKCN0QM19A20150817
Your next CEO may be from India:
http://money.cnn.com/2015/08/17/investing/india-ceos-google-pichai/index.html
VR... hot or not?
http://www.geektime.com/2015/08/17/will-oculus-explode-or-flop-like-google-glass/
Can I borrow your car?
http://www.slashgear.com/lamborghini-rolls-out-aventador-superveloce-roadster-17397740/
Just out for a romantic stroll on the beach, 142 million years ago:
http://www.csmonitor.com/Science/2015/0816/Did-dinosaurs-walk-together-on-this-beach-Amazing-footprints-yield-clues
You smell like a Barnaby...
http://uncovercalifornia.com/content/25531-powerful-sense-smell-enables-ants-identify-fellow-ants
Today's economic calendar:
8:30 Empire State Mfg Survey
10:00 NAHB Housing Market Index
10:00 E-Commerce Retail Sales
4:00 PM Treasury International Capital
Notable earnings after today's close: A, IVR, ONTX, URBN
And tomorrow before the open: DKS, HD, TJX