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General Motors Company (GM)

NYSE - NYSE Delayed Price. Currency in USD
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35.94+0.32 (+0.90%)
At close: 4:01PM EDT

35.94 0.00 (0.00%)
After hours: 6:00PM EDT

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  • LOL GM going HIGHER
  • Some Q2 highlights, just for Andrew...

    - EPS beat the street by $0.20/share
    - Revenue DOWN but only $0.4B. Analysts were foolishly expecting more..
    - 10.0% profit margin
    - 12.2% profit margin in North America
    - 2nd best quarter EVER, financially
    - NO changes in 2017 estimates
  • GM repurchased 42 million shares in Q2.

    Over a billion per month pre tax, in a past peak auto market.

    Selling fewer cars to rental fleets hurts revenue, but not profits.
  • It was nice to see the buyback pick up speed in Q2. Unfortunately due to the goofy accounting rules GM did not get much of an earnings per share bump since the buyback was weighted to the end of the quarter. The weighted share count used in the EPS calculation (1497M) was 2.2% higher than end of quarter actual share count (1465M). The diluted-adjusted number would have come in around $1.93 if end of quarter share count had been used.

    In addition, it was pleasing to see the buyback continue at a strong pace (800K shares per day) into Q3. I hope they continue regardless of share price (assuming they have the free cash to do it).

    Not_A_Short
  • To "mark" - the tsla luver...
    mark claims that tsla is now the # car company (by market cap). It's an interesting metric, for sure.

    But what is funny is that just last quarter, GM lost ~$1.5B in market cap because 42M shares were repurchased by GM.

    Less shares x share price = market cap.

    So, mark, there should be a better metric by which you could "claim" that tsla is the #1 auto company.

    How many model 3s are in customer's hands now?

    LOL!!!
  • The Fake media wouldn't report this, so I will "jeye"

    On Friday, the Trump administration released their annual report to Congress on White House Office Personnel. It includes the name, status, salary and position title of all 377 White House employees. The report also said that Trump decided not to take a dime of his salary, insteadhe donated it to an amazing cause! (see below)
    .

    The report also showed that President Trump is far better at saving money than Obama was. The total annual White House salaries under trump are $35.8 million vs. $40.9 under Obama, a savings of $5.1 million.

    Here are some other key findings:

    There are 110 fewer employees on White House staff under Trump than under Obama at this point in their respective presidencies.
    Nineteen fewer staffers are dedicated to The First Lady of the
    United States (FLOTUS). Currently, there are five staffers dedicated to Melania Trump vs. 24 staffers who served Michelle Obama (FY2009).
    ...

    However, it’s what the report said Trump did with this salary that has everyone talking!

    Instead of taking his salary, Trump donated all $400,000 to the
    Department of the Interior where it will be used for construction and repair needs at military cemeteries! AMAZING! It’s so great to have a President who loves our brave military men and women so much!

    Oh, and where’s the media coverage of this? Oh that’s right, they don’t cover anything good that the President does.
  • DETROIT, July 25, 2017 /PRNewswire/ -- General Motors Co. (GM) today announced strong second-quarter earnings and revenue from continuing operations driven by robust results in North America and China, solid improvement in South America and continued growth of GM Financial.

    Second-quarter 2017 highlights:
    •EPS-diluted of $1.60, down 8 percent, and EPS diluted-adjusted of $1.89, up 5.6 percent
    •Consolidated EBIT-adjusted of $3.7 billion and EBIT-adjusted margin of 10.0 percent
    •North America EBIT-adjusted of $3.5 billion, and EBIT-adjusted margin of 12.2 percent, and
    •GM Financial EBT of $0.4 billion, up 67 percent.
  • The brokerage houses has got to Love these GM traders, trading at pennies a share on GM. The average trade size is just 200 shares with already 30,000 trades.
    jeye
  • Covered my 2500 BABA Shorts from $160 @ $153

    Almost $18,000 gain
  • Have a great day Osulin- I have about 15 trades to make now
  • Brian, how many shares of AT&T you shorted?
  • What the NDD market is that I have posted after the 4 PM close after the large NYSE Trade.
    "jeye"
    Beware of No Dealing Desk (NDD) Forex brokers
    https://www.forexcrunch.com › beware-of-no-dealing-desk-ndd-forex...
    Beware of No Dealing Desk (NDD) Forex brokers ... they will manipulate market conditions which will either make your trade lose within their own market so that you ...

  • Revenue was $37 billion, falling short of analyst estimates of $40.3 billion.
  • I love my 2500 shares TSLA from $73
    Osulin wanted a low PE dividend stock like GM and T
  • "Please Don't Worry, The Water is here is Fine, Mass suicide at Jonestown 1978"
    GM To Slash Six Car Models to Combat Slumping Sales, Avoid Plant Layoffs
    I Would be Afraid.
  • Osulin- I think you would be better off blowing your brains out and end your miserable pathetic life
  • GM To Slash Six Car Models to Combat Slumping Sales, Avoid Plant Layoffs. I Just Don't Understand, Why Don't GM just Shut Down the Plant and Keep Paying the Plant Workers so they can go Fishing just like they have been Doing?
    Yes, GM will be having some Share Price Slippage come Monday MOURNING.
  • Andrew,
    Up over 1% now...
  • Hey Andrew - GM shares are now down only $0.15...
  • Let's play another "Where's Webby"! Seems like it's almost daily now.

    Audi is recalling 850,000 vehicles for diesel emissions concerns (who woulda thunk?)

    LOL!!!