Apple Today - 09/02/2015 (AAPL)
seymour_greenz • September 2nd 2015 09:27:42 AM
Good Morning,
2nd day of September looking a little better for now. NASDAQ Futures are up 45 with +62 Fair Value, Dow Futures are up 179 on "easing" of China fear. Oil is weak again. AMBA report yesterday failed to meet expectations and is currently down 10%. Though earnings season is pretty much wrapped up, OOMA reports after the bell. Productivity reported as up in spring. Google changes its logo.
Another extremely painful day yesterday with AAPL down over 5 points, or nearly -4.5%. AAPL opened down along with Futures, made an attempt at regaining 112 but topped out at 111.88 early on high volume. After hovering in the 111 area for a couple of hours AAPL slid down continuously on the familiar sawtooth bot pattern, bottoming at 107.36 before bouncing and ending the intra-day session at 107.72. After-hours saw a new low of 107.15 and recovery back up to 108.49 by session end.
This morning in pre-market, AAPL opened up higher at 4:02am at 109.99 on low volume, then dropped to a low of 108.82 at 6:56am on relatively high volume before bouncing back up to 109.99 again on more high volume. AAPL is currently up 2.38 at 110.1, near where AAPL opened yesterday.
Classic max-pain is now 111.
Futures up:
http://www.reuters.com/article/2015/09/02/us-markets-stocks-usa-idUSKCN0R217620150902
Productivity reported up:
http://www.cbsnews.com/news/productivity-up-3-3-percent-in-spring-labor-costs-fall/
US and the China effect:
http://fortune.com/2015/09/02/china-crisis-us-economy/
Is Apple Car for real?
http://fortune.com/2015/09/02/munster-apple-car/
Apple stores getting a makeover:
http://fortune.com/2015/09/02/apple-stores-changing/
Upgrading your iPhone? Here are your options:
http://money.cnn.com/2015/09/02/technology/iphone-trade-in-deal/
The science behind Google's new logo:
http://www.bbc.com/news/magazine-34126251
Google tightens mobile ranking:
http://fortune.com/2015/09/02/google-mobile-web-ads/
Finally, you can get McMuffins all-day:
http://www.huffingtonpost.com/entry/heres-when-mcdonalds-will-start-all-day-breakfast_55e61633e4b0b7a9633ab3d0
In a world of apps, Lego still doing well:
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11838807/Everything-is-awesome-for-Lego.html
Coming soon... Tesla X:
http://www.csmonitor.com/Business/In-Gear/2015/0902/Tesla-Model-X-is-finally-here-the-ultimate-guide
Strong alliance for a new video format:
http://www.wired.com/2015/09/techs-biggest-names-unite-create-new-video-format/
Mysterious "floating spoon" discovered on Mars:
http://www.techtimes.com/articles/81210/20150902/curiosity-rover-takes-photo-of-strange-looking-floating-spoon-on-mars.htm
How did river dolphins evolve?
http://www.washingtonpost.com/news/speaking-of-science/wp/2015/09/01/newly-discovered-dolphin-hints-at-ancient-transition-from-oceans-to-rivers/
Caffeine warning:
http://www.cnn.com/2015/09/02/health/powdered-caffeine-warning/
Related, coffee-heart attack connection:
http://www.hindustantimes.com/wellness/skeletons-in-closet-kolkata-man-lived-with-skeletons-of-daughter-and-2-pet-dogs/article1-1386574.aspx
Sci-fi surgery appears successful (warning, graphic):
http://news.nationalpost.com/health/doctors-save-mans-hand-by-sewing-it-to-his-abdomen
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
10:00 Factory Orders
10:30 EIA Petroleum Inventories
2:00 PM Fed's Beige Book
Notable earnings after today's close: OOMA, OXM
And tomorrow before the open: CPB, CIEN