Apple Today - 1/06/2016 (AAPL)seymour_greenz January 6th 2016 10:05:00 AM
A Monday double take? NASDAQ Futures are down 93 with -84 Fair Value, Dow Futures are down 298 on the first Wednesday of 2016, packed with a full economic calendar. Futures have been "worsening" all morning as we approach the open.
Asian markets closed mixed. China gained 2.25% while Hong Kong and Japan dropped just under 1%. European markets are deep in the red today with the UK currently down 1.83%, Germany slipping 1.85% and France down the most with a 1.96% loss.
Commodities are mostly down this morning. Oil is currently down 3.45%, natural gas is down 0.69% and gold is up 0.76%. Unleaded gas is down 4.54%, heating oil is down 3.04% and the rest of energy is down. Except gold metals are down. Cocoa, corn, soybeans and wheat are down. Meat is flat. Coffee and cotton are up.
Oil slides to a new 11-year low and private-sector hiring accelerated in December to 257,000, according to ADP.
Restaurant chain Sonic (SONC) initially rallied approximately 6% after announcing earnings yesterday afternoon but quickly sold off and is currently down nearly 6% in pre-market trading this morning, of course the broader market isn't helping. Agricultural and herbicide manufacturer Monsanto Company (MON) reported this morning and is currently down under 1% after reporting a narrower than expected loss.
AAPL had a fairly optimistic open yesterday but that's where it ended as AAPL sunk under water 2.51% by the end of intra-day trading. Peaking at 105.85 on high volume within moments of the open, AAPL began a relatively high volume slide that lasted all-day. The first stop to 104 by 10am appeared it may hold after a bounce approaching 105, but at noon a huge volume drop nearly instantly brought AAPL below 103 and as low as mid-102 before another bounce attempt. Reaching the upper-103 area around 2pm on moderate volume AAPL was unable to regain 104 and slipped back towards the lows of the day on moderately high volume. AAPL closed the intra-day session down 2.64 at 102.71. After-hours further punished AAPL with a drop of 46 cents to 102.25.
This morning in pre-market, AAPL opened lower at 101.29 on high volume in conjunction with Futures and drifted down towards 100 through the morning as Futures worsened. Hitting a low of 99.66 at 5:36am, AAPL has managed to generally keep above 100 for most of pre-market and has made some ground into the mid-100 area as we approach the open. AAPL is currently down 2.29 at 100.42.
Classic max-pain is 105.
2016 starts with China worries and North Korea nuclear test:
Private-sector hiring accelerated in December to 257,000, ADP says:
Oil slides to new 11-year low:
Monsanto reports smaller than expected loss, trims outlook:
Starboard wants changes at Yahoo:
Sanofi pulls plug on Mannkind inhaled insulin:
Will China hurt your portfolio in 2016?
CES 2016 and the next Industrial Revolution:
Intel embraces Internet of Things:
Sony shows off at CES:
A $200 webcam?
MSI Vortex gaming PC review:
Razer's new Blade Stealth:
Misfit Announces 2 new products:
Building the fridge of the future:
Garmin At CES 2016:
Seagate's unveils Porsche drives:
Technics SL-1200 turntable returns:
Volkswagen's all-electric van:
Nearby, gassy black hole discovered:
Rare, stripped black hole:
Pluto vs. Charon:
Curiosity eyes sand dunes on Mars:
Sun's magnetic field may soon change?
Nano-reactor pumps out hydrogen biofuel:
Virgin Galactic's plans for spaceport:
Graphene can filter nuclear wastewater:
Nadine again, looking good:
Chipotle sales plunge:
Aspirin may decrease deaths from lethal prostate cancer:
More review of the top 38 diets:
New twins study focuses on cancer risk:
Drinking charges dropped against woman whose body brews alcohol:
I prefer the cedar flavor, myself:
Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Gallup U.S. Job Creation Index
8:30 International Trade
9:45 PMI Services Index
10:00 Factory Orders
10:00 ISM Non-Manufacturing Index
10:30 EIA Petroleum Inventories
2:00 PM FOMC minutes
Notable earnings after today's close: EXFO, MG, MGCD, NAUH, RECN
And tomorrow before the open: EMMS, FINL, GBX, JCOUF, KBH, NTIC, SCHN, SIG, SNVNF, STZ, WBA