GM - General Motors Company
39.43 0.00 (0.00%)
After hours: 5:14PM EDT
| Previous Close | 39.36 |
| Open | 38.99 |
| Bid | 39.30 x 4000 |
| Ask | 39.49 x 800 |
| Day's Range | 38.65 - 39.70 |
| 52 Week Range | 30.56 - 41.50 |
| Volume | 7,192,036 |
| Avg. Volume | 8,853,180 |
| Market Cap | 55.927B |
| Beta (3Y Monthly) | 1.25 |
| PE Ratio (TTM) | 6.27 |
| EPS (TTM) | 6.29 |
| Earnings Date | Aug 1, 2019 |
| Forward Dividend & Yield | 1.52 (3.86%) |
| Ex-Dividend Date | 2019-06-06 |
| 1y Target Est | 46.70 |
- MarketWatch•3 hours ago
The business lesson from Apollo 11 that we shouldn’t forget
As we celebrate the 50th anniversary of the Apollo 11 moon landing this month, much of our attention will be on the “what” and the “who” — the technology that took us there and the heroic teams of astronauts and engineers who did it. NASA didn’t achieve Apollo on its own. A simple piece of paper, it defined a reachable project goal, a technological endpoint.
- Market Realist•4 hours ago
Tesla Cuts Car Prices: Why Bears’ Arguments Don’t Make Sense
On Tuesday, Tesla (TSLA) cut the prices of its vehicles to standardize its global car line-up, according to Reuters.
- Reuters•7 hours ago
UAW president to GM: We invested in you, now invest in us
The UAW and General Motors Co on Tuesday formally kicked off contract talks, with the union's president calling on the automaker to keep open plants it has slated for closure and to invest in its workforce after the union helped it through a government-led bankruptcy a decade ago. "We invested in you, now it's your turn to invest in us," United Auto Workers' President Gary Jones said at a joint event with GM executives in downtown Detroit. This year's talks on a new four-year contract between the union and the Detroit automakers are expected to be contentious, as U.S. auto sales are slowing after a long boom.
- Reuters•8 hours ago
UPDATE 1-UAW president to GM: We invested in you, now invest in us
The UAW and General Motors Co on Tuesday formally kicked off contract talks, with the union's president calling on the automaker to keep open plants it has slated for closure and to invest in its workforce after the union helped it through a government-led bankruptcy a decade ago. "We invested in you, now it's your turn to invest in us," United Auto Workers' President Gary Jones said at a joint event with GM executives in downtown Detroit. This year's talks on a new four-year contract between the union and the Detroit automakers are expected to be contentious, as U.S. auto sales are slowing after a long boom.
- American City Business Journals•9 hours ago
UAW's opening salvo in labor talks: Race to bottom must stop
The United Auto Workers and representatives of Ford Motor Co. kicked off negotiations over a new collective bargaining agreement that will affect almost 9,000 employees in the Kansas City area.
- Zacks•12 hours ago
Can Bleak Q2 Earnings Outlook Derail Stock Market Rally?
Most of the concerns related to the contraction of profit margins of the key companies are temporary.
- Benzinga•14 hours ago
Jim Cramer Weighs In On Marvell, General Motors And More
Jim Cramer said Monday on “ Mad Money " that Marvell Technology Group Ltd. (NASDAQ: MRVL ) is a buy, calling it the No. 1 5G name. Cramer doesn't like any auto companies and would avoid General Motors ...
- Investopedia•yesterday
How 2Q Guidance Could Hammer The Bull Market
Corporate profits for 2Q 2019 are expected to be weak, and a growing number of CEOs and other top executives are offering negative guidance.
- Zacks•2 days ago
General Motors (GM) Outpaces Stock Market Gains: What You Should Know
General Motors (GM) closed the most recent trading day at $39.36, moving +0.38% from the previous trading session.
- InvestorPlace•2 days ago
It’s Time to Wait for Lower Prices on Tesla Stock
Call it a "cult stock" or a "controversy stock" if you'd like, but there are few things more often or passionately discussed on financial social media than Tesla (NASDAQ:TSLA) stock. Opinions on TSLA stock are like noses: everybody has one, especially among the financial pundits in the media.Source: Shutterstock The recovery of Tesla stock shares from $185 to $245 has some folks jumping on the bandwagon, but I'm not the type of person to follow the crowd, especially when my hard-earned capital is involved. In the case of TSLA stock, I see a number of reasons to remain cautious or even take profits if you've got 'em. Accolades? I'm Not ImpressedMuch ado was made over the fresh announcement that Motor Trend had named Tesla's Model S the "Ultimate Car of the Year," beating out similar offerings from Ford (NYSE:F) and General Motors (NYSE:GM). The way Motor Trend was gushing about the Model S, you'd think it's the greatest thing since sliced bread:InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Seven years later, there still isn't another car that doesn't require a start button or key … The idea that a car would recognize your phone as you approached, unlock, boot up its computers, and be ready to operate and drive the moment you sat down and closed the door is still cutting-edge today."I tend to view this effusiveness as a way to sell copies of Motor Trend, not an instance of sterling journalism. With comparable vehicles from Ford, General Motors and Nio (NYSE:NIO), Motor Trend is behaving as if Tesla were still the only leading-edge electric vehicle manufacturer around, which is absolutely not the case in 2019. A Matter of TrustOverblown superlatives aside, the fact remains that if a company doesn't have their target demographic's trust, then they've really got nothing at all. And it seems that Tesla has broken that bond of trust, as evidenced by AMCI's newly released 2019 Trusted Automotive Brand Study (TABS). * 10 Stocks Driving the Market to All-Time Highs (And Why) As reported in the study, Tesla is now the third least trusted luxury automobile brand. This is significant because, as the AMCI study stated, trust accounts for more than 50% of a consumer's decision to repurchase or recommend an automotive brand or its dealers.Switching to a dealer-less business model likely played a part in this precipitous decline in consumer trust. It appears that Elon Musk's bold move away from the franchise paradigm may have backfired when it comes to building and maintaining trust: as AMCI Global Chief Strategy Officer put it, "Franchised dealers can do an excellent job of building trust if they use the right standards and practices." Analysts Aren't Buying ItHype tends to hit retail investors the hardest, but analysts aren't prepared to join Team Tesla stock just yet -- and frankly, I can't blame them for their skepticism. Credit Suisse analyst Dan Levy, for instance, has aptly pointed out that TSLA "still needs to work its way through another cut to the U.S. EV tax credit" -- a point often glossed over by overenthusiastic retail Tesla bulls.Also bearish is Bank of America analyst John Murphy, who explained that TSLA's roll-out of the lower-priced Model 3 "will likely pressure margins, profits, and cash flow." And UBS analyst Colin Langan, not to be deterred by the highly vaunted TSLA second-quarter earnings results, reported that "the Q2 delivery beat does not change our cautious view on Q2 earnings." The Bottom Line on TSLA StockWhen it comes to cutting-edge electric vehicles, Tesla isn't the only player in the game anymore and there are plenty of viable investment alternatives to TSLA stock.Frankly, I wouldn't blame anyone currently in the green on his or her TSLA stock position for shedding some shares now in anticipation of buying them back if and when the price revisits the sub-$200 level.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post It's Time to Wait for Lower Prices on Tesla Stock appeared first on InvestorPlace.
- GuruFocus.com•2 days ago
David Herro Comments on General Motors
Guru stock highlight Continue reading...
- GuruFocus.com•2 days ago
David Herro's 2nd Quarter Oakmark Global Fund Letter
Discussion of markets and holdings Continue reading...
Motley Fool•2 days agoWhy Workhorse Group Shares Soared Monday
Speculation around a possible $6.3 billion contract has continuously sent the stock higher since May -- here are the details.
- Market Realist•2 days ago
China Trade Deal on Rocks as Huawei Plans Big US Layoffs
Huawei is preparing for “extensive layoffs” in the US, which could put the US-China trade deal on the rocks.
- Reuters•2 days ago
UPDATE 1-UAW head wants union to share in profits of U.S. automakers
The head of the labor union representing most hourly workers at the U.S. automakers struck an adversarial tone on Monday, vowing in likely contentious talks for new four-year deals that they want to share in the companies' profits. Rising healthcare costs, job security and the use of temporary workers are also expected to be major sticking points.
- Market Realist•2 days ago
Tesla’s Updates Make Other Cars Feel Like ‘Owning a Horse’
Recently, US electric carmaker Tesla (TSLA) released another OTA (over-the-air) software update for its cars.
- Investopedia•2 days ago
Auto Stocks Up After Volkswagen Self-Driving Investment
Auto stocks raced higher Friday, which could drive additional gains this week. Trade the industry's key players using these tactics.
- Reuters•2 days ago
Ford, UAW to kick off contentious contract talks
The United Auto Workers and Ford Motor Co will officially launch talks on a four-year contract on Monday that are expected to be contentious, with rising healthcare costs, job security and the use of temporary workers expected to be major sticking points. General Motors Co and Fiat Chrysler Automobiles NV (FCA) will kick off their own talks with the UAW on Tuesday. When the negotiators for the union and Detroit's automakers last sat across the table from each other in 2015, U.S. new vehicle sales were booming.
- Motley Fool•2 days ago
3 Reasons Why Investors Need to Add AI Stocks to Their Portfolio
The technology is huge, it's changing the automotive industry, and it's already integrated into nearly every device around you.
- Zacks•2 days ago
What's in Store for Genuine Parts (GPC) in Q2 Earnings?
Solid execution of sales initiatives, sound fundamentals for the aftermarket and favorable weather conditions are projected to aid Genuine Parts (GPC) in Q2 earnings.
- Zacks•2 days ago
Accenture (ACN) Promotes Julie Sweet to Global CEO Position
Accenture (ACN) makes itself a rare company to have women in both CEO and CFO positions.
- Reuters•2 days ago
UAW head wants union to share in profits of U.S. automakers
The head of the labor union representing most hourly workers at the U.S. automakers struck an adversarial tone on Monday, vowing in likely contentious talks for new four-year deals that they want to share in the companies' profits. "With this year's negotiations, we will halt that race to the bottom," Jones said at the event at the Dearborn, Michigan, headquarters of the No. 2 U.S. automaker. General Motors Co and Fiat Chrysler Automobiles NV (FCA) will kick off their own talks with the UAW on Tuesday.
- Bloomberg•2 days ago
They’re Actually Reinventing the Wheel to Keep Up With Robocars
(Bloomberg) -- The car industry is reinventing the wheel to prepare for autonomous vehicles.Japan’s Sumitomo Rubber Industries Ltd., whose roots stretch back to when Henry Ford was building his Model T, is developing a “smart tire” that can monitor its own air pressure and temperature, and eventually respond by itself to changes in road conditions.Yet it’s more than just tires that are being changed. Koito Manufacturing Co., AGC Inc. and Lear Corp. are putting semiconductors and sensors inside headlights, glass and seats to make them as intelligent as the cars driving themselves.Alphabet Inc.’s Waymo LLC, Intel Corp.’s Mobileye NV and Baidu Inc. dominate the core technology for autonomous driving, yet suppliers still count on finding their own space in the business. Parts for advanced driver-assistance systems and autonomous driving are expected to become a $57 billion market within a decade, according to BIS Research, and old-school companies born during the early days of the automobile know they must either adapt or risk extinction.“Autonomous driving is a challenge for carmakers, but it’s a bigger challenge for conventional parts makers,” said Zhou Lei, a partner at Deloitte Tohmatsu Consulting in Tokyo. “They are striving to become the ‘five senses’ of the vehicle so they can remain relevant.”Carmakers have disclosed more than $14 billion in investments in autonomy and mobility companies since 2010, according to data compiled by BloombergNEF. Toyota Motor Corp. tops that list at about $3 billion.Though the deployment of highly autonomous commercial fleets isn’t expected to begin until at least 2022, the looming threat is that the increasingly sophisticated designs of those cars will render some ordinary parts –- and their suppliers -- unnecessary.For example, why would a self-driving vehicle that uses cameras, lasers and sensors to get around need headlights or mirrors?Smart HeadlightsThe response from century-old Koito Manufacturing is to reinvent the headlight. The Tokyo-based company, which traces its roots to making lenses for railway signal lamps in 1912, is adding sensors and artificial-intelligence chips to lamps it plans to introduce by about 2025.Positioned on the four edges of the vehicle, the lamps will be able to process information and react, such as by illuminating poorly lit crossings, signaling pedestrians that it’s safe to cross and raising an alarm to surrounding drivers by flashing a specific color.The company’s current customers include Toyota, Volkswagen AG and General Motors Co., according to data compiled by Bloomberg.“Autonomous driving will change the role of lamps,” said Yuji Yokoya, who recently retired as executive vice president of the Tokyo-based company. “We see them not just as lamps, but more as corner modules.”Tokyo-based automotive glass-maker AGC is re-imagining that product and making it part of a vehicle’s communication system.Window AntennasThe company, founded in 1907 as Asahi Glass Co. Ltd., is designing windows with built-in antennas for 5G wireless connections, allowing cars to send and receive signals with other vehicles and infrastructure. AGC’s customers include Toyota, Tesla Inc. and Sony Corp., according to data compiled by Bloomberg.An overarching challenge is to convince carmakers that the smarter -- and more expensive -- components make economic sense. Not all parts manufacturers need a radical transformation to keep up with autonomous and electric vehicles since they’ve been evolving gradually as the industry takes shape, said Deepesh Rathore, an independent automobile analyst based in Bengaluru.“A car is a car, and the shape of the tire doesn’t change,” Rathore said. “I can imagine some of those companies having to reinvent everything -- especially those working with engines and gearbox technologies.”Even components that aren’t facing an immediate existential threat are evolving. Sumitomo Rubber is researching tires that can transmit data about road conditions to the car as well as to other vehicles.Smart Tires & SeatsThe next step will be a tire that automatically adapts to road conditions. When the tire detects water, it will change the structure of its surface into one that is optimal for wet roads, said Kozaburo Nakaseko, an official in the research and development division of Sumitomo.“Tires need to become smarter,” Nakaseko said. “We cannot move into an autonomous car society without information about the roads we drive on.”The innovations aren’t just limited to Japan. In the U.S., Lear Corp. is equipping its car seats with biometric sensors to detect stress, drowsiness and changes in heart rate, and then activate treatments in response. The seats also can transmit data to a doctor or family member if necessary, the company said.Other functions include controls that let users create individual “micro-climates” where they are sitting, and noise-canceling features in the headrests, the Southfield, Michigan-based company said.“All the mechanical stuff will just slowly go away, and there is a lot of electronics coming in instead,” said Egil Juliussen, principal auto analyst with IHS Markit. “You have to change in order to survive.”\--With assistance from Mei Futonaka, Anurag Kotoky, Indranil Ghosh and Gabrielle Coppola.To contact the reporters on this story: Ma Jie in Tokyo at jma124@bloomberg.net;Nao Sano in Tokyo at nsano3@bloomberg.net;Masatsugu Horie in Tokyo at mhorie3@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Ville Heiskanen, Michael TigheFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals•3 days ago
5 good reads: New owners, new tenants and whiskey, too
This week's stories will set you up for big things to come. They include new plans for the Sprint campus, new digs for J. Rieger & Co. and WeWork, and a new investment fund for women-led companies.
- Financial Times•3 days ago
Why management by numbers doesn’t add up
“If you can’t measure it, you can’t manage it”, goes the familiar advice often attributed to the American management consultant and educator Peter Drucker. The current crisis at Boeing would seem to indicate this. Airbus is on track to overtake the US aircraft maker as the world’s biggest plane maker thanks to the grounding of the Boeing 737 Max aircraft after two separate crashes involving the plane.
