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AAPL

Apple

$166.04

-6.75 (-3.91%)

13:10
04/20/18
04/20
13:10
04/20/18
13:10

Heavy trading in Apple as the sell-off accelerates and implied volatility spikes

Heavy trading in Apple as the sell-off accelerates and implied volatility spikes. The stock down $6.95 to $165.85 and has shed almost 7% since Tuesday. Share volume is 42M and running at roughly double the normal pace. In option action, players active in expiring Apr 170 calls, which are significantly out of the money after the drop in shares today and where more than 70K have changed hands. Apr 165 puts, Apr 167.5 calls, and Apr 167.5 puts are next most active. Meanwhile, the largest trade is 9K May 165 - 175 put spreads at $5.95 and likely rolls long puts down 5 strikes after today's 4% skid in shares. Lastly, 30-day implied volatility up 15.5% to 32.5 and in the 98th percentile of the 52-week range, with earnings slated for 5/1.

  • 01

    May

AAPL Apple
$166.04

-6.75 (-3.91%)

04/19/18
LBOW
04/19/18
NO CHANGE
LBOW
Neutral
Longbow below consensus on Apple iPhone unit growth
Longbow analyst Shawn Harrison said his contacts reiterated outlooks of flat to up 2% for Apple's iPhone growth in both Q2 and FY18. However, even if consensus iPhone forecasts decline to mirror Longbow's forecast, Harrison thinks the downside in the shares may be limited if Apple delivers an aggressive update to its capital return program. He maintains a Neutral rating on Apple ahead of the company's Q2 report on May 1.
04/20/18
ADAM
04/20/18
NO CHANGE
Target $200
ADAM
Buy
Apple survey shows slowing iPhone sales ahead of new launches, says Canaccord
Canaccord analyst T. Michael Walkley said his recent survey indicated slow iPhone sales ahead of its new product launches. He anticipates Apple will try and clear its inventory ahead of releasing three new phones in September. The analyst also does not believe Apple consumers are leaving the company ecosystem for Android and thinks they will continue to grow their market share of the premium-tier smartphone market. Walkley reiterated his Buy rating and $200 price target on Apple shares.
04/20/18
MSCO
04/20/18
NO CHANGE
Target $200
MSCO
Overweight
Apple should be bought on any post-earnings pullback, says Morgan Stanley
Morgan Stanley analyst Katy Huberty previewed Apple's upcoming earnings report, saying that she expects the company to report in-line March quarter results, but she also believes that consensus estimates for its June quarter need to be lowered. Also, Apple's capital return announcement, which typically comes with its fiscal second quarter report, could amount to a "sell the news" event as expectations for a step up in capital returns have already been at least partially factored into the stock's valuation, Huberty tells investors. The analyst, who lowered her own June quarter iPhone shipment estimate to 34M from 40.5M, believes the Q3 consensus iPhone shipment estimate of 42.9M could be revised "meaningfully lower." While she trimmed her Apple price target to $200 from $203, Huberty keeps an Overweight rating and recommends buying any post-earnings dip, given the intact Services story, troughing estimates and expectations for accelerated capital return.
04/20/18
OTRG
04/20/18
NO CHANGE
OTRG
Apple iPhone outlook weakens in China, says OTR Global
OTR Global's Q1 checks with wireless carriers, service providers, wholesalers, and an electronics retailer in Asia indicate Apple's Q2 outlook has deteriorated in China due to intensifying competition from Asian vendors. OTR Global's read on Apple's iPhone deteriorates to Mixed from Positive given the "very large" Chinese channels reduction in Q2 orders.

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ACAD

Acadia

$18.70

3.59 (23.76%)

15:01
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MDCA

MDC Partners

$4.30

(0.00%)

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Breaking Periodicals news story on MDC Partners »

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AMZN

Amazon.com

$1,945.18

18.91 (0.98%)

15:00
09/20/18
09/20
15:00
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15:00
Hot Stocks
Amazon introduces new Alexa features to make life 'more convenient' »

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AMZN

Amazon.com

$1,943.98

17.71 (0.92%)

14:59
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14:59
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14:59
Hot Stocks
Amazon introduces new companion DVR Fire TV Recast »

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AMZN

Amazon.com

$1,944.55

18.28 (0.95%)

14:56
09/20/18
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14:56
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14:56
Hot Stocks
Amazon introduces lineup of Echo devices, including new Echo Show, Echo Auto »

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  • 26

    Sep

MU

Micron

$46.02

0.97 (2.15%)

, SCS

Steelcase

$15.90

0.6 (3.92%)

14:51
09/20/18
09/20
14:51
09/20/18
14:51
Earnings
Notable companies reporting after market close »

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MU

Micron

$46.02

0.97 (2.15%)

SCS

Steelcase

$15.90

0.6 (3.92%)

UNFI

United Natural Foods

$33.65

0.36 (1.08%)

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WFC

Wells Fargo

$55.64

0.41 (0.74%)

14:50
09/20/18
09/20
14:50
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14:50
Hot Stocks
Wells Fargo sees headcount down approximately 5%-10% in next three years »

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14:50
General news
Canada retail sales preview »

Canada retail sales…

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General news
Canada CPI preview »

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MU

Micron

$45.96

0.91 (2.02%)

14:49
09/20/18
09/20
14:49
09/20/18
14:49
Options
Micron options imply 11.4% move in share price post-earnings, above median historical move »

Pre-earnings options…

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WFC

Wells Fargo

$55.65

0.42 (0.76%)

14:48
09/20/18
09/20
14:48
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14:48
Hot Stocks
Breaking Hot Stocks news story on Wells Fargo »

Wells Fargo sees…

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CRBP

Corbus Pharmaceuticals

$7.80

2.65 (51.46%)

14:45
09/20/18
09/20
14:45
09/20/18
14:45
Periodicals
Feuerstein says 'doesn't get much dumber' than Corbus being up 50% after deal »

Adam Feuerstein of STAT…

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  • 20

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MDT

Medtronic

$97.45

0.99 (1.03%)

14:40
09/20/18
09/20
14:40
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14:40
Options
One day call buyers in Medtronic »

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  • 09

    Oct

DUK

Duke Energy

$80.52

0.45 (0.56%)

14:37
09/20/18
09/20
14:37
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14:37
Hot Stocks
Duke says natural gas combined cycle plant at Sutton continues to operate safely »

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    Nov

KRYS

Krystal Biotech

$17.00

0.45 (2.72%)

14:36
09/20/18
09/20
14:36
09/20/18
14:36
Conference/Events
Krystal Biotech management to meet with William Blair »

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  • 25

    Sep

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14:35
09/20/18
09/20
14:35
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General news
U.S. Household net worth rose »

U.S. Household net worth…

PENN

Penn National

$32.37

0.16 (0.50%)

, PNK

Pinnacle Entertainment

$33.42

0.09 (0.27%)

14:33
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14:33
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Penn National reports Colorado gaming approval from for Pinnacle acquisition »

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PENN

Penn National

$32.37

0.16 (0.50%)

PNK

Pinnacle Entertainment

$33.42

0.09 (0.27%)

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14:28
09/20/18
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14:28
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14:28
Conference/Events
Morgan Stanley household products analyst holds analyst/industry conference call »

Household Products,…

ALB

Albemarle

$106.69

1.2 (1.14%)

14:27
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  • 24

    Oct

AMZN

Amazon.com

$1,947.74

21.47 (1.11%)

14:23
09/20/18
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14:23
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14:23
Periodicals
Amazon says the Echo Auto will cost $50 »

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  • 26

    Sep

ACAD

Acadia

$18.47

3.36 (22.24%)

14:21
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14:21
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14:21
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FDA safety communication…

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  • 01

    Oct

LUV

Southwest

$62.95

-0.16 (-0.25%)

14:20
09/20/18
09/20
14:20
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14:20
Periodicals
Former Southwest employee alleges racial discrimination, Dallas News says »

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ARRY

Array BioPharma

$14.75

-0.015 (-0.10%)

14:20
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09/20
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14:20
Hot Stocks
Array BioPharma says EU approves BRAFTOVI, MEKTOVI combo »

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  • 01

    Oct

AMZN

Amazon.com

$1,948.94

22.67 (1.18%)

14:19
09/20/18
09/20
14:19
09/20/18
14:19
Periodicals
Amazon unveils Echo Auto to bring Alexa to cars »

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  • 26

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
09/20/18
09/20
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

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