Apple has been trading lower in overnight trading amid a flurry of downgrades and price target reductions from around the street in reaction to disappointing guidance. The Martin Marietta/Texas Instruments merger could attract trading interest today and speculation on whether this is a sign of a top or another round of consolidation may be getting underway. Earnings from duPont, Ford and DR Horton beat the street Apple $14.50 vs street $14.09, sales $57.5B vs street $57.4B, revenue guidance falls short $42-$44B vs stret $46.1B Seagate Technology $1.32 vs street $1.39 DuPont $0.59 vs street $0.55, guidance $4.20 to 44.45 vs street $4.33 Ford $0.31 vs street $0.27 DR Horton $0.36 vs street $0.31 Martin Marietta has agreed to acquire Texas Instruments in a $2.7B all-share deal. Kansas City Southern raises dividend 30% to $0.28