|Bid||38.79 x 1200|
|Ask||38.94 x 1800|
|Day's Range||38.78 - 39.58|
|52 Week Range||30.56 - 41.90|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||6.19|
|Forward Dividend & Yield||1.52 (3.89%)|
|1y Target Est||N/A|
General Motors and the United Autoworkers failed to reach a contract deal before midnight, which could send as many as 46,000 hourly workers to the picket lines following a 10 a.m. meeting on Sunday.
UAW Vice President Terry Dittes sent a letter to union members Saturday saying that the union will not extend the current 2015 collective bargaining agreement, but will work without a contract 'until a course of action is decided' by the UAW international executive board and the UAW-GM national council.
The United Auto Workers (UAW) said late on Saturday it would not extend its contract with General Motors Co and would decide on a course of action at a meeting of union leaders in Detroit Sunday morning that could result in talks resuming or possibly workers going out on strike. The announcement came just hours before the UAW's four-year contract with GM was to expire and capped a dramatic week for the union in which a top official was charged with embezzlement and its president was implicated in an ongoing federal corruption probe.
GM and the United Auto Workers continue to haggle at the negotiation table over everything from pay and temporary workers to health care costs, but with the union's four-year current contract set to expire at midnight, the auto industry could see its first major walkout in more than a decade.
America's nearly two-year-old trade war with China, as well as salvos with Europe and Mexico, has battered a wide swath of stocks. President Donald Trump's tariffs (and retaliatory duties) have weighed on companies in various forms, such as higher input costs and unsold inventory.The pinch is being felt on a wide scale. Global growth was already slowing, though market analysts and foreign leaders alike think the trade war is making things worse. Here at home, manufacturing is thinning, reflecting waning demand. ISM's purchasing managers' index reading for August was just 49.1. Anything under 50 signals a contraction in activity, meaning August was the first month in three years that American manufacturing receded.The result has been a pullback in numerous stocks. Buying these tariff-assisted dips is risky because some of the companies face headwinds outside of trade uncertainty. But a resolution between the U.S. and China would bring much-needed relief to many companies, and perhaps a bounceback in their shares. You can see the potential every time the market rallies on the smallest of optimistic hints."(These) value stocks will deliver attractive returns after the tariff resolution, like a coiled spring that pops up," says Michael Underhill, chief investment officer of Capital Innovations in Pewaukee, Wisconsin. He thinks the market could continue to move higher heading into October's negotiations. If more concrete progress is made, a sustained rally will continue, he says.Here, then, are 14 stocks that have already felt the burn from President Donald Trump's tariffs (and retaliatory taxes). Some represent potential should Washington reel in its tariff threats, but they may continue to suffer any time trade tensions reignite. And a few are trying to pivot their businesses out of harm's way. SEE ALSO: 25 Dividend Stocks That Analysts Love the Most
Equities opened higher on Friday, but faded throughout the afternoon, with the S&P 500 finishing about flat on the day. After a very strong start to September, here's a look at a few top stock trades going into next week. Top Stock Trades for Tomorrow 1: FordShares of Ford (NYSE:F) haven't made much progress this week, but it's been a good showing from the bulls. Earlier this week, the company had its credit downgraded to junk status, but Ford stock posted a resilient rally.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn Friday, the stock briefly reclaimed the 50-day moving average, the same one which rejected F earlier in the week. A move above it puts $9.65 on watch and above that, a potential gap fill up to $10.20. * 7 Discount Retail Stocks to Buy for a Recession On the downside, see that Ford maintains above $9.40-ish. Just below is the 38.2% and rising 20-day moving average to help buoy shares on a possible pullback. Below this week's low opens up the possibility of $8.75. Top Stock Trades for Tomorrow 2: General MotorsShares of General Motors (NYSE:GM) have had a quiet week, but that comes after last week's strong gap up action. Consolidating between $38.50 and $39.50, GM stock is bound to move out of this range at some point.Should it resolve higher, the first target is $40.50. Above that and a run to the July highs is possible, up near $41.48. If it trades lower and falls out of this consolidation pattern, look for support from the 50-day and 20-day moving averages.If they fail as support, it puts the 200-day moving average on watch, with range support at $35.50 below that. Top Stock Trades for Tomorrow 3: MonsterMonster Beverage (NASDAQ:MNST) has a really interesting setup for traders. Uptrend support (blue line) continues to squeeze shares against static resistance at $59. That's known as an ascending triangle, a bullish technical pattern.At $59.27, the stock also has the 38.2% retracement it's trying to reclaim. Should it finally breakout, look for a possible run to the 50-day moving average. Above that and $63 is possible.If the 200-day and $59 resistance reject MNST stock, look for a pullback into uptrend support. Top Stock Trades for Tomorrow 4: TwilioAfter the thrashing we've seen in high growth stocks, many were hoping for a more impressive rebound. This bounce has been tepid, and that's putting it kindly. Just look at the action in Twilio (NYSE:TWLO) for instance.Short of a flood of buy orders, Twilio and others look set to roll over once again. Should TWLO get hit, I would love to see a correction down to the $96 to $98 area, and see whether that draws in buyers. * 10 Recession-Resistant Services Stocks to Buy High-growth selloffs are tough. If there are a few companies you really like and are willing to hold for the long term -- and embrace the risk -- nibbling on these declines can be rewarding. But they're difficult to time. In TWLO's case, let's take it one day at a time and see how it holds up on a potentially deeper decline.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 4 Top Stock Trades for Monday: F, GM, TWLO, MNST appeared first on InvestorPlace.
General Motors has confirmed it is looking to construct a $175 million facility in the Dayton area — a massive project that would create around 100 new jobs.
Tesla stock is having a terrible run this year. Based on yesterday’s closing prices, the stock is down 26.1%, while the S&P; 500 has risen 20.0%.
To fix brake problem, General Motors (GM) is working on a corrective action involving reprograming of the Electronic Brake Control Module with a new calibration.
(Bloomberg Opinion) -- The amount of debt paying a negative yield now stands at a staggering $17 trillion worldwide. This is something that, growing up as an economist, I was told could never happen: An increasingly connected world was supposed to make it easier, not harder, for capital to find a higher return — and besides, negative yields were thought to be impossible.Clearly this received wisdom was wrong. Yet so is a lot of current thinking about negative interest rates. The problem is not necessarily a surplus of capital, but a shortage of labor.There are various hypotheses attempting to explain the development of negative interest rates: expectations of a recession, a global growth slowdown, the growing search for safe havens, the notion that a lot of corporate investment involves less physical capital than it used to (compare the General Motors of yore to the Facebook of today). Without dismissing those possibilities, I would like to add to the pile by thinking more specifically about the difficulty of starting a business. Venture capitalists will tell you that there are plenty of great ideas; what’s lacking is execution. There simply aren’t enough talented founders to go around. Indeed, economic research shows that the number of new companies has been slowing down. That is a troubling sign for the economy, and it also may help explain those negative yields.Consider this scenario: You are invested in German bonds at a negative yield. This is not a very attractive proposition. Yet maybe you are already heavily invested in German and U.S. stocks. And since stock markets move together more than before, due to globalization, you may be reluctant to raise your level of risk. Furthermore, in the U.S., by far the single largest equities market, the number of publicly traded companies has been shrinking dramatically.So you might seek out less correlated equity investments that will give you a higher return. In particular, you might consider investing in venture capital. That is one way of investing in new companies.But while new companies can eventually become highly profitable, most of them fail. Under one estimate of the return to venture capital, perhaps only 20% of funded projects succeed, and that is in the portfolios of the top venture capital firms. (The estimates vary considerably, but everyone agrees big winners are hard to come by.)Now consider a scenario from an alternate universe: There is greater opportunity and mobility all around. Educational inequality is being addressed. There is less discrimination against women, minorities and other groups. America has a sensible immigration policy, and its cities are taking steps to become more affordable. All of this makes it easier for startups to attract and keep talent.The result is that there is a lot more talent for startups. When it comes to venture capital, rather than having 2 out of 10 companies do well, maybe it is 3 out of 10, with more mega-winners too. That brings a big increase in returns, roughly 50% more, if the new talent is proportional in impact to the old.Under this scenario, capital would flow out of negative yield securities and into the venture arena, or into other ways of starting and funding new companies. It is then probable that yields on government securities would move into positive territory, to attract the funds from portfolios. In other words: The great stagnation in returns stems from a stagnation in finding and mobilizing talent.There are plenty of lamentations about how the world is squandering human potential. There are also numerous hand-wringing discussions about negative yields. Rarely, however, does anyone note that these two problems are related: They reflect an imbalance between how well we mobilize human and non-human resources.I am not suggesting that the shortage of talented labor is the only reason for negative nominal yields. But the negative yields are now so widespread that they can no longer be dismissed as an aberration. It is also noteworthy that the U.S. has the most developed venture capital markets in the world, and it has not yet moved into negative yield territory.I agree with the notion that negative yields are the result of larger structural forces. That’s precisely why the best way to think about them is not in purely financial terms but as a symptom of the difficulty of finding talent.To contact the author of this story: Tyler Cowen at email@example.comTo contact the editor responsible for this story: Michael Newman at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tyler Cowen is a Bloomberg Opinion columnist. He is a professor of economics at George Mason University and writes for the blog Marginal Revolution. His books include "Big Business: A Love Letter to an American Anti-Hero."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Large pickup trucks that tow most of the profits in to Ford Motor Co and General Motors Co are holdovers from another century - with heavy ladder frames and big internal combustion engines in the front driving the wheels in the back. Now, Ford and GM are racing to design radical new takes on their most profitable models, replacing petroleum-fueled engines with batteries in a bid to outflank Tesla Inc's plan to eclipse their brands. Ford's F-150 pickup and GM's Chevrolet Silverado are the top selling vehicles in the U.S. market.
While Ford (F) unveils lineup for EVs in Europe, General Motors (GM) collaborates with tech giant Alphabet to roll out in-vehicle technology.
The ongoing Frankfurt Motor Show with its focus on electric vehicles and a growing number of Chinese participants, is testimony to the fact that there's good reason to still go for a Tesla.
The Palo Alto company has been operating converted Chrysler Pacifica hybrid minivans, dubbed G2, in senior villages in California and Florida for more than a year.
Among the top automakers, GM received 74% “buy” ratings from analysts. Ford garnered 39% "buy" ratings from analysts, and Tesla received 32% "buy" ratings.
Under pressure from the federal government, General Motors is recalling more than 3.4 million big pickup trucks and SUVs in the U.S to fix a brake problem. The recall covers the Chevrolet Silverado and GMC Sierra 1500, 2500 and 3500 pickups from the 2014 through 2018 model years. Also included are the Cadillac Escalade from 2015 to 2017, and the GMC Yukon and Chevy Suburban and Tahoe from 2015 through 2018.
General Motors recalling more than 3.4 million pickups and SUVs to fix break issues. Yahoo Finance's Akiko Fujita and Heidi Chung discuss.