9/19/2016 3:13:31 PM: ... welcome back. shares of General Motors higher today. the company upgraded to overweight from equal weight at morgan stanley. also raised price target to $37 a share from 29. it's 31 and change right now. morgan stanley says gm's business can remain relevant and profitable for longer than the market thinks. it cited positive early reviews for gm's bolt electric vehicle.
Trump Opens Up 7-Point Lead (48-41) in LA Times/USC Poll
Republican candidate Donald Trump has opened up a seven percentage point lead nationwide over his Democratic rival Hillary Clinton, according to a poll released Sunday.
Trump holds a 48 percent to 41 percent advantage over Clinton according to the Los Angeles Times/USC Dornsife poll. The survey marks a sharp contrast from the same poll just one week ago, which had Clinton holding a slim advantage over Trump.
BLOOM 9/19/2016 7:11:28 AM: a similar story in terms of upgrades when it
comes to general Motors. morgan stanley raising their price targets to $37 a
share. the true consensus is $37.50. right around with the street is talking
about. missing General Motors pop rosalie hiring free market. jonathan:
mallen1998 did you lose your vehicle? You know where I live. I still have friends at Camp Lemora something you don't seem to have. Just think after all these years I'm still around and haunting you. Not me doing it just the fact that I'm still posting. You know all about the U.P. Newberry Beaulieu Funeral Home where you have found names to stalk and harass me. Try going to Church for peace of mine.
Philip Davis know how CNBC pimps for GE and Tesla
Philip Davis , Premium Contributor
Author’s reply »
I like them. I think the Bolt will be huge and GM has a $48Bn valuation (p/e 4) and TSLA has a $30Bn valuation (p/e 1,000) so, essentially, GE is adding a TSLA to it's value if they can get the same idiot analysts who cover TSLA to look at their stock.
In realityville, let's just say I think GM is undervalued and great for a long-term play.
I am least worried about General Motors because I see a strong floor due to tangible book value of $37.20 billion and its attractive dividend payout. You can read more about it here.
It seems that the short-sellers also do not want to take aggressive risks in this undervalued stock. The latest data suggests that the short interest declined by 504,393 shares to 36.32 million shares, which is just 2.6% of the outstanding float. This is easily manageable as the days to cover are 4. What has changed since the last update: the days to cover were 3 then, and the stock is just 2 percent down.
I believe that a breakout about $32.20 could bring in good gains for the stock. There are several reasons for a strong rebound in the stock, primarily being the massive buyback worth $1.2 billion in H2'16.
You are welcome to come up and say that to me face to face. But everyone knows you are nothing more than a internet coward.
SHANGHAI – General Motors and its joint ventures delivered an August record 293,537 vehicles in China, which was up 18 percent year over year. The Cadillac, Buick, Chevrolet and Baojun brands reached all-time highs for the month.
“Our mainstream passenger car entries drove our sales momentum,” said GM Executive Vice President and GM China President Matt Tsien. “We are looking to build on our success by adding another five new and refreshed models in the final four months.”
Cadillac deliveries in August advanced 93 percent year over year to 9,914 units. Deliveries of the ATS-L luxury sedan and XT5 luxury crossover both exceeded 3,000 units. Sales of the XTS luxury sedan increased 65 percent from the same period a year earlier.
Buick deliveries in August rose 23 percent on an annual basis to 94,188 units, led by the Excelle GT sedan. The Envision SUV maintained its strong growth as well, with deliveries increasing 53 percent on an annual basis. Deliveries of the Verano family exceeded 13,000 units.
Chevrolet deliveries increased year over year to 38,706 units in August, led by demand of over 19,000 units for the Cruze family. The nameplate benefited from the arrival of the all-new Cruze in July. Chevrolet launched the Cavalier compact midsize family sedan last week and will introduce the sixth generation of its iconic Camaro muscle car later this month.
Baojun deliveries in August reached 51,099 units, an increase of 41 percent year over year. Sales of the Baojun 730 MPV and Baojun 560 SUV were up 37 percent and 52 percent respectively from the previous August.
Wuling deliveries continued to grow last month, despite the challenging market environment for the mini-commercial vehicle segment. Deliveries rose 8 percent year over year to 99,589 units, mainly driven by the strong performance of the Hong Guang MPV family.
In the first eight months of 2016, GM and its joint ventures’ deliveries in China increased 8.1 percent year over year to a record 2,374,542 units.
Hillary Clinton’s post-convention lead has disappeared, putting her behind Donald Trump for the first time nationally since mid-July.
The latest weekly Rasmussen Reports White House Watch national telephone and online survey shows Trump with 40% support to Clinton’s 39% among Likely U.S. Voters, after Clinton led 42% to 38% a week ago. Libertarian candidate Gary Johnson now earns seven percent (7%) of the vote, down from nine percent (9%) the previous two weeks, while Green Party candidate Jill Stein picks up three percent (3%) support. Three percent (3%) like some other candidate, and seven percent (7%) are undecided. (To see survey question wording,
That was a spoofed ID, if you were wondering."
OK Thank You
I worked 31.2 years at GM and stayed on the farm until I was 24 . I've earned the right to post. I hope you have a better day and a Great Labor day weekend. Why because your post sounded like you was having a bad time.
Mazda is recalling a total of 2.3 million vehicles, including the Mazda 3 sedan and the CX-3 SUV crossover models, worldwide over potential problems with their rear gates, along with a separate issue involving diesel engines. (Reuters)
General Motors (NYSE:GM) unit sales -5.2% to 256,429 units, roughly in-line with expectations.
The company says retail market share increased 50 bps during the month despite the sales slip.
The mix of fleet sales fell to 17% as part of GM's plan.