Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need
General Mills Inc. delivered weaker-than-expected earnings and revenue as demand fell for the company's key cereal and yogurt offerings. Shares of the Golden Valley-based food company are down more than 5 percent on the news, to $52.16 in late-day trading. Reuters has an early report on the fiscal first-quarter numbers from General Mills (GIS), which reported net income of $404.7 million, down from $409 million a year ago (though per-share earnings rose from 67 to 69 cents).
Under new Chief Executive Officer John Flannery, the manufacturer is turning the page on an era when it would hand top bosses the keys to its private aircraft. The straitened approach to air travel is part of GE’s plan to eliminate $2 billion in expenses by the end of next year, a target the company agreed to in March after talks with activist investor Trian Fund Management. Flannery, who took over for Jeffrey Immelt last month, is considering all options as he seeks to shore up earnings and reverse this year’s biggest stock slide on the Dow Jones Industrial Average.