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.
Did I read that right. Pomerantz filed a suit against GM because the price dropped 1.8% / $0.60? Man I'm in the wrong business.
I can tell you that GM market cap is definitely worth more than SLB.
So much for the 36.10 buy signal.
Not A Short
The news that the Bolt inventories are a bit high is not that surprising. Not many will switch over to electrics for their main car when they represent a step backwards in utility. I suspect the Bolt will do well as a heavily used third car with the upper middle class, but it will struggle to gain acceptance with customers who have to use it exclusively.
Per your post here to IBD: "It will definitely go below 36 again after the disastrous earnings report"
I guess I'm really confused about 2 things here, or you might not be that bright. First, the "disastrous earnings report". AGAIN, why do you think it will be disastrous? Oh, you can't refer to the well-known $5.5B charge for the Opel sale because it's been known since late June: "In a briefing for analysts in late June, CFO Chuck Stevens said that GM will report Opel on a "discontinued operations" basis starting with the second quarter. GM will record a one-time charge of about $5.5 billion as a special item when the transaction closes, likely within a few weeks."
Also, since we're barely above $36 a share right now, going below $36 after the quarterly results wouldn't be a shock at all.
Second, as part of my "bet" proposal, you suggested that GM shares would fall below $35.
What's it going to be? Below $36 or below $35?
You can't seem to make up your mind.
Premarket drop more than likely related to dissapointed earnings in a few days. Listen to Andrew before it's too late. 35 is imminent
The shorts posing as "financial writers" are trying their best to scare GM investors, but it's not working. Up again in a down market. Valuation investors continue to steam-roll the shorts into oblivion... I hope the SEC goes after these shorts who feel the need to go to extreme scare-tactic methods with ill-data.
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.
Former White House Press SEC Sean Spicer says " stop shaking your head " to reporters during a press briefing several weeks ago , as a backlash to frumpy or loose women who watch Mel Gibson's movie " What Women Want " perhaps and think he is getting turned on looking at their smooth shaved legs. Spicer resigned a couple weeks later and was reportedly taunted by new White House Press SEC Tony Scaramucci who said " there is no friction between Sean and I and I hope he makes as much money as he can " in his next endeavor. Here is another Wall ST flunky with hair grease and pin stripes, probably from NYC who doesn't say, " good luck with your next job " or something pleasant, but ".hope you make as much money as you can " in public. What a tacky greaseball. The Trump TEAM of mutual fund hucksters continues to impress with their smooth style. In Trump's defense, I did hear him deliver one good speech a while ago around the 4th of July. Whoever wrote that one should be on the "TEAM" a little while longer Donald.
Hopefully the DNC will do what it can to separate itself from the guy rights parrots, tree - huggers and gun phobes or else people like Trump will continue to get elected.
Let's play another "Where's webby?" , shall we?
He was SO proud to purchase a hyundai sonata because it wasn't built by the UAW! Yep, our represented labor here in the US is so terrible...
Yet, the hyunda/kia workers in Korea are ready to go on strike for the 6th time in 6 years.
Mary Barra interview on Bloomberg "jeye"
BLOOM 7/23/2017 1:46:14 AM: ...bombproof or something. have you ever been in that car to see what it's like? or you cannot comment? mary: i can't comment. [laughter] david: i guess the average person cannot afford to buy some thing like that probably? probably not. [laughter] david: you joined General motors in it was a dominant company, then he went south for a while. what was the atmosphere like when you were working there? mary: it was very difficult. across the globe we have 220,000 people. the restructuring event was primarily in north america, but that was 100,000 people we ayay. it was a difficult time. that is where you saw the resolve. one of the things i think is so special that General Motors is the men and women at general motors. they worked so hard during that period doing what needed to be done to get the restructuring completed. david: the government put some money in a General Motors. did the government get its money back in some form or another over the years? mary: there are a couple of points. we -- there was a portion of what the government provided that was loans. they had some ownership in stock. we paid back the loans and the stock piece, they chose when to sell it. but i would also say there is a difference, but when you look at the jobs preserved and created because we invested billions of dollars in the u.s. since the time to either create or maintain jobs, from that perspective it has been successful. i will tell you that at general motors we will be forever grateful for what the government did. david: when you meet with members of congress, do they understand your issues? mary: there is a willingness to understand how our business operates, how we create jobs, and what leads to success. david: do they ever say can you give me a discount on a general motors car? mary: we can do that. david: but what about for people interviewing you? can you do that?
The Chev. Bolt jeye
Again lack of GM P/R Dept. General Motors Co. (GM) should be basking in the limelight of strong sales of its Chevrolet Bolt EV, the best, mass-market battery-powered vehicle that was introduced just seven months ago. With its 238-mile range, cool electronic display and nimble handling, Bolt should have long lines of enthusiasts besieging Chevy dealers, especially in California, the epicenter of the save-the-Earth movement. Many who have driven Bolt swear by it. Instead, the inventory of unsold Bolts in the U.S. has swollen to an unacceptable level. GM, in response, has added three weeks to its normal summer shutdown at the assembly plant in Orion Township, Mich., where the Bolt and Sonic subcompact are built.
General Motors has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car. Electric cars are not very popular, at least electric cars are a small part of GM.
It's not a re-run - here's ANOTHER "Where's webby?" episode!
Daimler is recalling 3 MILLION diesel vehicles in Europe because of emissions issues. Any announcement of additional recalls for the US market has not been available.
Not to jinx ANYTHING, but when is the hammer going to fall on GM for the same type of issue? Just asking...
I'm buying more. I own 100 shares now. I like the direction of GM.
cup and handle to $72
Will General Motors (GM) Stock Disappoint in Q2 Earnings? General Motors Company GM is set to report second-quarter 2017 results before the opening bell on Jul 25. In the last quarter, the company delivered a positive earnings surprise of 17.24%.
In fact, in each of the trailing four quarters, the company delivered a positive earnings surprise, with an annual average beat of 17.83%. Also, the long-term expected earnings growth for the company (three to five years) is currently pegged at 9.23%.
General Motors’ shares have returned 4.6% year to date, underperforming the 13.4% rally of the industry it belongs to.
Let’s see how things are shaping up for this announcement. Zacks ESP: The Earnings ESP represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate. General Motors’ Earnings ESP is -1.16% because the Most Accurate estimate of $1.71 is pegged below the Zacks Consensus Estimate of $1.73.
As General Mtrs Co (Call) (GM) Share Value Declined, Holder Greenlight Capital INC Upped Stake July 20, 2017 - By Richard Conner Investors sentiment decreased to 1.08 in 2016 Q4. Its down 0.06, from 1.14 in 2016Q3. It fall, as 73 investors sold GM shares while 302 reduced holdings. 128 funds opened positions while 277 raised stakes. 1.06 billion shares or 1.29% more from 1.05 billion shares in 2016Q3 were reported. Provise Mgmt Grp Limited Liability Com has invested 0.17% in General Motors Company (NYSE:GM). Selway Asset Mngmt has 0.61% invested in General Motors Company (NYSE:GM) for 29,097 shares. 13,056 are owned by Palladium Ptnrs Llc. Pub Employees Retirement Association Of Colorado has 269,312 shares. Rockshelter Management Limited Liability Com has invested 4.15% of its portfolio in General Motors Company (NYSE:GM). Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0.41% invested in General Motors Company (NYSE:GM). Braun Stacey Assocs Inc reported 0.18% in General Motors Company (NYSE:GM). 236 were accumulated by Tradewinds Cap Ltd Liability Corp. Apriem has invested 0.02% in General Motors Company (NYSE:GM). Royal Bank & Trust Of Canada has 5.12M shares for 0.1% of their portfolio. Summit Securities Grp Inc Ltd Liability Corporation owns 116,800 shares. Commonwealth Bank Of Aus holds 0.24% or 555,410 shares. Johnson Counsel holds 10,384 shares. Gateway Inv Advisers Ltd Llc owns 109,931 shares. 21,824 are owned by Standard Life.
David Einhorn increased its stake in General Mtrs Co (Call) (GM) by 47.06% based on its latest 2016Q4 regulatory filing with the SEC. Greenlight Capital Inc bought 8.00 million shares as the company’s stock declined 12.09% while stock markets rallied. The hedge fund run by David Einhorn held 25.00M shares of the auto manufacturing company at the end of 2016Q4, valued at $871.00M, up from 17.00M at the end of the previous reported quarter. Greenlight Capital Inc who had been investing in General Mtrs Co (Call) for a number of months, seems to be bullish on the $55.06B market cap company. The stock declined 0.07% or $0.03 reaching $36.44 on the news. About 4.15M shares traded. General Motors Company (NYSE:GM) has risen 7.92% since July 20, 2016 and is uptrending. It has underperformed by 8.78% the S&P500.
GM will go out of biz unless the tax payer bails em out again. Not today, but in the future