|Bid||34.25 x 3200|
|Ask||34.31 x 2200|
|Day's Range||34.01 - 34.99|
|52 Week Range||33.08 - 41.90|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||5.59|
|Earnings Date||Feb 04, 2020|
|Forward Dividend & Yield||1.52 (4.36%)|
|Ex-Dividend Date||Dec 04, 2019|
|1y Target Est||47.72|
Better deliveries, better earnings, and on-time start of production in China seem the likeliest catalysts, but “a closer look suggests less enthusiasm may be warranted,” writes J.P. Morgan analyst Ryan Brinkman.
Fiat Chrysler's motion to dismiss GM's civil racketeering lawsuit was expected. The company has said GM's lawsuit is baseless and aimed at disrupting the Italian-American automaker's proposed merger with France's Peugeot SA .
Within the basic materials sector, platinum group metals (or PGMs) hold a special place for their usefulness as catalysts. While silver and gold typically enjoy a more prominent position in the public eye, platinum is nonetheless one of the rarest and most valuable metals on Earth. When looking at platinum group metal stocks, then, it's helpful to look to over-the-counter names, pure-play platinum outfits, and companies in industries as diverse as jewelry, computers, airplanes, and much more.
Warren Buffett, chairman and CEO of legendary holding company Berkshire Hathaway (BRK.B), is often called the greatest value investor of all time. Although Buffett identifies targets based on their "intrinsic value," a number of Berkshire's holdings look like cheap stocks by more prosaic value indicators, too.Not every stock held by Berkshire Hathaway is necessarily a bargain at its current share price. After all, Buffett has held some of these names for decades. To that end, we scoured Berkshire Hathaway's portfolio of nearly 50 stocks to find the ones that look like they're on sale these days.In some cases, we relied on forward price-to-earnings multiples, which show what a stock costs in light of its expected earnings growth. (The S&P; 500, by the way, trades at 18.6 times expected earnings, by Yardeni Research's calculations.) In others, we also took into consideration book values. And naturally we paid attention to long-term growth forecasts and fundamentals.After sorting through the Berkshire Hathaway equity portfolio with those criteria in mind, these 10 names stood out among the cheapest Warren Buffett stocks. SEE ALSO: Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
It certainly seems like U.S. stocks are in a holding pattern at the moment. Another day of quiet trading means major market indices are basically flat over the past three sessions.Source: Shutterstock The lack of movement makes some sense. A hugely important batch of earnings reports loom next week, with four of the five most valuable U.S.-listed companies -- Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and Facebook (NASDAQ:FB) -- releasing earnings. The impeachment trial is dominating the headlines. And there are some signs of weakness in broader macroeconomic performance. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy Of course, those factors also suggest that some sort of movement is coming, particularly given that the last two earnings season peaks led a July sell-off and catalyzed an October rally. Friday's big stock charts feature three names that on their own seem set to make a move, each of which could be amplified by broader sentiment.InvestorPlace - Stock Market News, Stock Advice & Trading Tips General Motors (GM)Source: Provided by Finviz On a forward price-to-earnings basis, General Motors (NYSE:GM) is the fourth-cheapest stock in the S&P 500. But low valuation alone has done little for GM stock, which has remained stuck for years.That may not change for some time -- if ever. But the first of Friday's big stock charts does at least suggest some near-term optimism ahead of earnings early next month: * GM stock sits near the support line of a narrowing descending wedge, which often is a reversal pattern. The wedge does have a sideways lean, and likely still is too wide, but it's worth noting that support for the last few years generally has held not far below current levels. A "hammer chart" pattern on Thursday helps the bull case as well. The chart isn't perfect, but there is some evidence to suggest another reversal from levels under $35. * Fundamentally, again, the valuation seems ridiculously attractive. GM stock trades at 5.5x forward earnings. Its dividend yields 4.4%. There are worries, among them "peak auto" and the rise of self-driving cars and electric vehicles from the likes of Tesla (NASDAQ:TSLA). But even those worries would seem to be priced in to at least some extent. * Click to Enlarge Source: Provided by Finviz But the core problem here is that the same bull case has held for years now and GM stock has gone nowhere. It generally has outperformed rival Ford (NYSE:F), but that's a low bar to clear. General Motors still has a lot of work to do to change sentiment to the point where it can have a bull case that goes beyond "its stock is too cheap." But it's possible, if not likely, that the stock might be at least a little too cheap from a near-term perspective. Charles Schwab (SCHW)Source: Provided by Finviz Charles Schwab (NYSE:SCHW) isn't as cheap as GM. Its long-term performance hasn't been quite as stagnant, but there are some similarities between the stories. The second of Friday's stock charts also suggests potential near-term bullishness: * SCHW has established a flag pattern. A big jump in November after the company announced its plan to acquire online brokerage rival TD Ameritrade (NASDAQ:AMTD) creates the 'flagpole,' while sideways trading since represents the 'flag.' Flag patterns usually are continuation patterns, which suggest another leg up. And while an ascending narrowing wedge does raise the risk of a reversal, the 50-day moving average has provided support, while a golden cross from early December hasn't yet led to a rally. Here, too, the chart isn't perfect, but it does lean positive. * Schwab stock isn't as cheap as GM, but at 19x 2020 earnings per share estimates is hardly expensive. Multiples pro forma for the TD Ameritrade deal are even lower. But there are fundamental worries facing a well-known U.S. consumer brand. Commissions in the industry are going to zero. Lower interest rates have pressured income from cash held in customer accounts. And SCHW stock has struggled over a broader period: shares actually are down 12% over the past two years. * As with GM, while the near-term chart looks positive, secular risks explain a seemingly attractive valuation. For both stocks, market sentiment would help. That could either be a continued rally -- or, perhaps, a long-awaited shift in investor demand from growth names to value plays. LyondellBasell (LYB)Source: Provided by Finviz LyondellBasell (NYSE:LYB) is another value play that has struggled to drive shareholder value. But the third of our big stock charts looks much more concerning: * LYB stock simply looks like it's rolling over. $90 clearly has been established as a key level, providing resistance last year and support more recently. Shares now have breached that support while also reversing out of both an ascending narrowing wedge and a descending triangle. The one piece of good news is a hammer chart pattern on Thursday, in which shares held just below the 200-day moving average. But LYB seems to be hanging on by a thread at the moment. * The trading looks particularly worrisome given that LyondellBasell reports fourth quarter earnings next week. The lack of confidence implied by recent trading doesn't necessarily bode well. It's possible a lower price will mean lower expectations. But it's just as likely that the breakdown in LYB suggests that some investors are predicting a weak report -- and others won't be swayed by even a better-than-expected quarter. * Bulls would respond that LyondellBasell stock is cheap. At less than 9x 2019 earnings per share, it is. An attractive dividend yield makes the stock an income favorite; as with other widely-held names, it's possible that yield could provide support around $84 (at which point the yield would clear 5%). But LYB stock has been cheap for years, and other chemical giants like Dow (NYSE:DOW) and DuPont (NYSE:DD) look inexpensive on paper as well. "Too cheap" hasn't been enough for LYB stock for most of the past decade, and it doesn't look like it's enough yet, either.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post 3 Big Stock Charts for Friday: General Motors, Charles Schwab, and LyondellBasell appeared first on InvestorPlace.
General Motors on Thursday announced plans to open a new research and development center in Concord focused on racing and performance capabilities.
Cadillac is in the final stages of testing the high-performance variant of the CT5, prototypes are racking up miles all over the world, and a recent report sheds light on the engine screaming between its punched-out fenders. Sources familiar with Cadillac's product plan told Car & Driver the hotter CT5 — whose name hasn't been revealed yet — will receive an updated version of the supercharged 6.2-liter V8 that powered the mighty CTS-V. It developed 640 horsepower in the firm's last German-bashing super-sedan, though where engineers will peg the CT5's output remains to be seen.
Ford and GM are part of the traditional Detroit-based "commodity auto business" and it's unfair to compare the two with Tesla, Cramer said Wednesday on "Mad Money." Instead, Tesla is a tech company on wheels and its home base in Silicon Valley speaks to its disruption status.
The White House is reviewing a draft final proposal that would boost the stringency of U.S. vehicle emission standards by 1.5% annually from the 2021 through 2026 model years, a U.S. senator said Thursday, considerably lower than planned Obama-era standards. Previously, in August 2018, the Trump administration proposed freezing fuel economy standards at 2020 levels through 2026, in its plan to reverse Obama-era standards that called for about a 5% annual increase during the period. The requirements are aimed at reducing greenhouse gases and improving the fuel efficiency of U.S. vehicles.
The effects of the six-week-long United Auto Workers (UAW) strike against General Motors will linger for many months. Louisville Chevrolet salesman Mike Davenport has learned the company has slashed the number of eighth-generation Corvettes it will allocate to each dealership because it won't have time to build enough 2020 models. "I got word about three weeks ago that we were going to lose about 15% of our allocations," Davenport revealed in a Corvette Forum post.
Shell (RDS.A) aims to tap the growing opportunities in the in-car payments space and offer better retail experience to its customers through payments from UConnect Market.
(Bloomberg Opinion) -- The world’s largest car market is cratering and there are few signs of a recovery. It was never supposed to get this bad — and even if it got close, a helping hand from Beijing would steer things out of any prolonged trouble. Or so people thought... Instead, passenger car sales in China fell 9.5% last year, more steeply than the 4.3% in 2018, which was the first annual sales decline in over a decade. The drop has dragged down the global automobile industry and its deep supply chain. That leaves automakers in limbo. After years of relying on the Chinese market for its double-digit volume growth, they don't seem too sure about whom to build cars for, or what kind. Beijing’s lackluster stimulus last year included a grab-bag of measures: removal of car-purchase limits, support for buying electric cars and incentives to build infrastructure like rural gas stations. They haven't done much to revive demand. Consumers were waiting for more, which simply led to a steeper slide in sales. With no new sweeteners and the distortions of past stimuli fading, a real picture of demand is emerging. It’s nuanced. There are fewer first-time buyers, and more who are purchasing replacement vehicles. They’re increasingly looking to upgrade, and also buying more used cars. In a word, consumers are being more discriminating.Luxury carmakers account for around 15% of the market and are doing better than the rest. Porsche Automobil Holding SE, for instance, delivered 86,752 vehicles to customers in China last year, up 8% from 2018. In December, BMW Brilliance Automotive Ltd.’s average daily vehicles sales rose 21% on the year, up from 5% in November. Down the food chain, buyers of family-friendly cars are upgrading. Demand for sports utility vehicles and sedans remains depressed but is shifting toward higher-end, in-between cars, according to analysts at Goldman Sachs Group Inc. Buyers of these so-called multi-purpose vehicles, or MPVs, have long bought the same few basic models, priced between 40,000 yuan ($5,800) to less than 100,000 yuan. As the market was flooded with SUVs, aspirational buyers stayed away. Now, manufacturers are improving design and comfort, and raising prices.A slew of MPV models will be released this year. Going by low discounts compared to the rest of the market, demand remains sturdy. Goldman’s analysts estimate that in every 1% of demand that moves to the higher-end MPVs lies an annual revenue opportunity of almost 50 billion yuan ($7.25 billion). Here’s the hard reality: The double-digit growth days of selling nearly 25 million cars a year are vanishing in the rearview mirror. So are outsize profits from China. Much like the U.S. market, the type of demand will evolve and how people get around will change. Younger Chinese are more inclined to use ride-hailing services. The older people get, the less likely they’ll obtain driving licenses. China’s population is aging rapidly. This is a structural slowdown.In theory, China has plenty of room to sell more cars. Penetration rates are low and so is the national percentage of licensed drivers. The carmakers are banking on semi-urban China, ostensibly the most upwardly mobile consumers. But sales are unlikely to top 20-some million a year, even with the push toward electric vehicles (only 5% of cars sold now) and regulations that will eventually force buyers to go green. For now, higher technology only raises the cost of car ownership out of reach.The market is oversupplied, no doubt. The good news is that inventories are coming down as automakers try to stay in the black. Toyota Motor Corp. has increased the types of models it sells in China and gained market share. As weaker players drop out and the industry consolidates, the likes of Honda Motor Co. and Volkswagen AG are taking a bigger piece. Failure to rigorously manage output will mean a pile of clunkers. Changan Ford Automobile Co. is sitting on some of the highest levels of inventory, as is SAIC General Motors Corp.’s Baojun. GM continues to lose market share. Ford Motor Co. said last week that its sales in China dropped 26% in 2019. European carmakers have also struggled. Making money by churning the assembly lines won’t cut it anymore. The China Road to success is a lot narrower. Only the companies that drive it smarter will survive. To contact the author of this story: Anjani Trivedi at email@example.comTo contact the editor responsible for this story: Patrick McDowell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Anjani Trivedi is a Bloomberg Opinion columnist covering industrial companies in Asia. She previously worked for the Wall Street Journal. For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
GM Cruise unveiled the first purpose-built self-driving vehicle, saying it's meant for ride shares not car ownership.
Companies with strong cash flow compared to their market value seem like a good bet, Jefferies says, considering the current market conditions.
The EV momentum is expected to reach a new level in 2020 with various attractive, long-range and affordable vehicles coming up this year.
Cruise, the self-driving car start-up, in which General Motors Company (NYSE: GM ) owns a majority state, revealed a prototype of its driverless robo-taxi on Tuesday. What Happened The robo-taxi called ...