GM - General Motors Company
| Previous Close | 37.68 |
| Open | 37.82 |
| Bid | 38.29 x 1000 |
| Ask | 38.30 x 4000 |
| Day's Range | 37.71 - 38.49 |
| 52 Week Range | 30.56 - 41.50 |
| Volume | 4,708,622 |
| Avg. Volume | 8,623,704 |
| Market Cap | 53.426B |
| Beta (3Y Monthly) | 1.14 |
| PE Ratio (TTM) | 6.11 |
| EPS (TTM) | 6.29 |
| Earnings Date | Aug 1, 2019 |
| Forward Dividend & Yield | 1.52 (4.03%) |
| Ex-Dividend Date | 2019-06-06 |
| 1y Target Est | 46.68 |
- Market Realist•57 minutes ago
How Auto Stocks Fared in the Third Week of June
Following the positive trend in the broader market, auto stocks rallied last week. In the third week of June, General Motors (GM), Fiat Chrysler Automobiles (FCAU), Tesla (TSLA), and Ferrari (RACE) surged 3.5%, 4.7%, 3.2%, and 6.1%, respectively. Meanwhile, Ford Motor Company (F), Toyota (TM), and Honda (HMC) rose 0.1%, 0.4%, and 2.0%, respectively.
- Market Realist•1 hour ago
G20 Summit: Trade Talks with China Remain a Work in Progress
Last month, US President Donald Trump increased tariffs on $200 billion worth of goods from China, accusing China of reneging on its previous commitments. President Trump sees China—and other trading partners, for that matter—ripping the US apart in terms of trade.
- Market Realist•1 hour ago
US Market Turns Positive, Mnuchin Hints toward US-China Deal
On June 26, the US index futures were pointing toward a positive market opening. Treasury Secretary Steven Mnuchin hinted toward a possible US-China trade deal.
- Market Realist•2 hours ago
Barring Aircraft, US Durable Goods Orders Were Healthy in May
On June 26, the Department of Commerce released the May preliminary report on durable goods. The overall durable goods orders fell 1.3% in May compared to a fall of 2.8% in April.
- Zacks•4 hours ago
General Motors (GM) to Invest $20M to Upgrade Texas Plant
The upgrade of General Motors' (GM) Arlington Assembly plant includes improvements in its conveyance system and refurbishing paint robots.
- American City Business Journals•21 hours ago
GM invests $20M in Arlington Assembly Plant
The upgrades will help General Motors continue to pump out sport utility vehicles from the Arlington factory.
- Market Realist•22 hours ago
General Motors Gears Up to Challenge Supremacy of Ford’s F-Series
On June 25, General Motors (GM), America’s largest auto company, announced its plan to invest $20 million into its Arlington Assembly plant in Texas, according to Reuters. With the new investment, the company aims to upgrade its equipment before launching its full-size SUVs.
- Reuters•23 hours ago
GM to spend $20 million more on equipment upgrade at Arlington plant
The investment will not add to the plant's production capacity, a GM spokesman said. The No.1 U.S. automaker has not revealed when the company is going to launch its next generation full-size SUVs such as the Chevrolet Tahoe, Chevrolet Suburban, GMC Yukon, GMC Yukon XL and the Cadillac Escalade. GM has long been dominated the U.S. full-size SUV segment, which fetches higher margins, but rival Ford Motor Co has been pushing to capture market share.
- Bloomberg•yesterday
Most American-Made Cars Sold in the U.S. Are Japanese
(Bloomberg) -- While Donald Trump has been pressing for tariffs on foreign-made cars and parts, it turns out the most American-made cars sold in the U.S. today are usually Japanese.The annual “American-Made Index” compiled by Cars.com found nine of the 15 most U.S.-sourced vehicles are manufactured by Honda Motor Co. and Toyota Motor Corp. The two Japanese automakers dominated the latest study thanks to the big number of popular vehicles they assemble in America and their high content of U.S.-made parts.“It’s not surprising that there’s a lot of vehicles here from Honda,” Kelsey Mays, senior editor of Cars.com, said in an interview. About two-thirds of Honda’s cars are assembled in the U.S., which is more than General Motors Co. and Fiat Chrysler Automobiles NV, Mays said. Toyota also sells mostly American-made vehicles in the U.S. market.The 2019 study, published Tuesday, takes into account many of the issues Trump has stumped about when it comes to the automotive trade. Cars.com examined assembly location, parts sourcing as determined by the American Automobile Labeling Act, factory employment relative to sales and sourcing of engines and transmissions. The five factors aren’t equally weighed and Mays declined to give details of the breakdown.Fiat Chrysler’s Jeep Cherokee SUV topped the list, and GM’s Chevrolet Corvette sports car placed fifth. But Japanese automakers dominated the ranking just as they did in 2018. The study, which debuted in 2006, was redesigned in 2017.While Japanese nameplates are among the most American-made, some American brand icons are not in the Top 10. One common misconception involves Ford Motor Co.’s F-150, America’s longtime best-selling vehicle: Some 71% of respondents believed it to be the most American vehicle on the road, but Cars.com said it actually ranked No. 13.Many U.S. consumers give preferential consideration to American-made vehicles, according to the survey. But nearly 50% of respondents said they were very or somewhat concerned about the impact of tariffs on their new car purchasing decisions.Cars.com hasn’t seen a massive relocation of production in a way that would influence its rankings despite the Trump administration’s imposition of tariffs on China and threats to do so on European and Japanese imports. Mays said Ford and GM have indicated “a few employment changes” because of the tariffs, but no automaker has significantly altered its assembly lines or supply chains in reaction to trade policy. Still, such changes could be coming -- and would likely raise costs for car buyers, he said.The White House delayed imposing tariffs on imported vehicles from the European Union, Japan and other nations on May 17 for 180 days. Earlier this month, the administration denied a GM request to exclude its Chinese-made Buick Envision from a 25% import duty.To contact the reporter on this story: Kyle Lahucik in Southfield at klahucik3@bloomberg.netTo contact the editors responsible for this story: Chester Dawson at cdawson54@bloomberg.net, David WelchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks•2 days ago
General Motors (GM) Gains As Market Dips: What You Should Know
General Motors (GM) closed the most recent trading day at $36.96, moving +0.11% from the previous trading session.
- American City Business Journals•2 days ago
Automotive Minute: New Duramax engine for 2020 Chevrolet Silverado 1500 is quietly powerful
The engine is an important add to the Chevrolet full-size truck lineup with a diesel engine powering 13% of pickup trucks sold nationwide according to a 2018 Diesel Technology Forum report.
- Market Realist•2 days ago
Is the Dreaded ‘Synchronized Global Slowdown’ Back on the Table?
In December 2017, we saw a sharp rally in almost all asset classes as markets started pricing in what many called “synchronized global growth” for 2018. However, as 2018 started drawing to a close, fears of a synchronized global slowdown hit markets. All leading economies were expected to grow at a slower pace in 2019 as compared to 2018.
- InvestorPlace•2 days ago
General Motors Air Bag Footdragging Adds Unnecessary Risk To GM Stock
No matter where you stand on the automotive spectrum -- foreign or domestic -- the industry itself is undergoing significant changes. Unfortunately for General Motors (NYSE:GM), a lot of the changes aren't beneficial for GM stock. Although shares are up 14.5% year-to-date -- compared to a 10.4% gain in the Dow Jones Industrial Average -- the company faces strong headwinds.Source: Shutterstock Now, another distraction threatens to disrupt the General Motors stock price. For the fourth straight year, GM is appealing to federal oversight agencies to avoid recalling their cars due to deadly Takata air bag inflators. While the sentiment is certainly understandable -- no one wants to deal with such massive liabilities -- this move is risky.Here's the reality with the automotive industry: no one manufacturer is perfect. The paragon of reliability, Toyota (NYSE:TM), has incurred several high-profile recalls that detracted from its hard-earned image. And Japanese companies in general have a reputation for quality, but again, this is not a 100% accurate pronouncement. After all, Takata is a Japanese company.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks Ready to Bounce on a Trade Deal But evidence exists that consumers (and investors) are willing to forgive these defects, so long as companies take responsibility quickly. According to Zacks, major recalls don't necessarily spell doom for automakers. That's the good news for GM stock.The not-so-pleasant news for the General Motors stock price is that consumers expect action and accountability. In 2014, GM recalled vehicles that suffered from an ignition-switch defect. Initially, management stalled for time. Eventually, though, the company cleaned house at the highest level. They also set up a $675 million victims-compensation fund.GM stock recovered relatively quickly from the scandal, probably in no small part to the strong compensatory measures. But with these Takata air bags, GM is going in reverse. Self-Imposed Race Against Time Hurts GM StockI'm not seeing the upside for either the automaker or the General Motors stock price. The public already knows about the problem as Takata air bags have dominated the headlines for years now. By avoiding the issue, GM saves some costs today, but risks bankrupting its tomorrow.Moreover, the pressure is two-fold. First, Takata used a volatile chemical to catalyze the air bag-deployment process. However, high humidity and hot temperatures can cause the chemical to deteriorate. Potentially, this results in shrapnel exploding inside the cabin during a deployment, severely injuring or killing drivers and passengers.Obviously, the passage of time -- more instances of heat and humidity -- don't help matters. GM footdragging on this crisis could hurt its reputation, sinking GM stock.The second pressure point is Takata. Having incurred more liabilities than is possible to pay back, Takata filed for bankruptcy protection in the U.S. and Japan. But rather than a complete dismantling of the organization, the dissolution will occur in stages.That gives time for Takata to help support liability cases and assist the recall process which benefits General Motors stock. However, the underlying company must act quickly to advantage Takata's support.Eventually, all of this reaches a conclusion. After that, Takata will not exist, and that means zero support from that point forward. * 7 Value Stocks to Buy for the Second Half From the consumer's perspective, that doesn't really matter. Affected automakers have an obligation to repair their Takata-air bag equipped vehicles. But some problems may not become apparent until years down the line, well after Takata is gone. Then, automakers will have to repair their cars without Takata's critical input. That's a huge risk for GM stock, which hasn't gone anywhere since the fall of 2017. Recalls a Kick in the Teeth for General Motors StockStill, I concede one reason why management seeks its recall exemption: the air bag crisis directly impacts GM's flagship vehicles.If the company didn't appeal, the recall would affect multiple variants of the Chevrolet Silverado, along with this year's GMC Sierra heavy-duty pickup truck. Additionally, air bag risks exist with certain years of Chevy Tahoe and Suburban SUVs, along with GMC Yukons and Cadillac Escalade SUVs.In other words, we're talking about the big money makers for GM stock. American cars have all but given up making sedans, having lost too much ground to Japanese automakers. Where domestic cars remain relevant is with big trucks and SUVs.That's why it's absolutely vital for GM to protect their image here. If they start sending out recall requests to millions of owners, they might not get return business.However, it's still the wrong play. GM already learned its lesson with the ignition-switch defect: get right with the public or face its wrath. That they're blatantly ignoring past mistakes makes me concerned about General Motors stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post General Motors Air Bag Footdragging Adds Unnecessary Risk To GM Stock appeared first on InvestorPlace.
- Yahoo Finance•3 days ago
Economist: The market is 'a little bit frothy right now'
U.S. stocks hit record highs this week, but new manufacturing data hints at a looming economic slowdown.
- Barrons.com•3 days ago
How Baby Boomers Are Reinventing Retirement Living
Many of today’s best available senior-housing options are really a nod to the past: higher-density locales, homes suited for multiple generations, and community support and stimulation.
- Autoblog•3 days ago
2020 Chevrolet Silverado 1500 Duramax First Drive | All-American oil burner
It was only recently that Ram's EcoDiesel engine ignited substantial, prolonged interest among consumers who see value in their V8-matching capability and V6-beating fuel economy. Ford was the next to step up with its 3.0-liter PowerStroke V6, and now after its complete redesign last year, the 2020 Chevrolet Silverado 1500 counts GM's new Duramax diesel mill among a number of other updates. Available as a $3,890 option on the Silverado 1500 LT, RST, LTZ and High Country models, the 3.0-liter turbodiesel inline-six produces 277 horsepower and 460 pound-feet of torque, of which 95% is achieved at just 1,250 rpm.
- Market Realist•5 days ago
Winnebago Echoes Automakers’ Warning about US-China Trade War
Yesterday, Winnebago Industries (WGO) released its third-quarter results for fiscal 2019. After yielding solid returns of 75.7% in 2017, Winnebago stock tanked 56.5% in 2018. Last year, the company’s rising dealer inventories and inflating costs due to trade war tariffs hurt investors’ sentiments.
- InvestorPlace•5 days ago
Morgan Stanley Perfectly Sums Up the Dilemma For Tesla Stock Investors
Kudos to Morgan Stanley analyst Adam Jonas for finding the accurate but elegant way of describing the headache investors suffer in trying to figure out what to do with Tesla (NASDAQ:TSLA). He explains of handicapping TSLA stock, "We continue to believe Tesla is fundamentally overvalued, but potentially strategically undervalued."Source: Shutterstock What that means (to Jonas) for the shares -- and, consequently, the shareholders -- from here isn't a whole lot. That is to say, whatever blend of fundamentals and strategic value Morgan Stanley is using has prompted the firm to set its target price at $230, or or about $10 above the current price. The target is also un-bravely in the middle of a rather well-established trading range.Nevertheless, the assessment perfectly pegs the sum total of several contradictions that have been vexing Tesla stock investors for years now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Short-Sighted Self-Driving ThinkingJonas, for the record, thinks it's Tesla's self-driving arm that's largely underappreciated by Wall Street, and Main Street … a premise that Ark Invest analyst Tasha Keeney agrees with. She explained in a CNBC interview on Wednesday: "We think the autonomous driving market is going to be a huge opportunity. We think this should be valued at $2 trillion today in the equity markets, and it's virtually unaccounted for. We think Tesla has a great lead there, and that's because of the data advantage that they have."Keeney specifically named Alphabet (NASDAQ:GOOGL) and General Motors (NYSE:GM) as names Tesla was besting on the autonomous driving front. * 7 Top-Rated Biotech Stocks to Invest In Today The analysts' arguments hold some water. But, neither addressed a more philosophical aspect of the matter: What's Tesla doing with the tech?The answer is, of course, making its in-house self-driving platform better, but to what end? If consumers don't want (or can't afford) a Tesla, a superior self-driving platform is irrelevant. Tesla isn't doing anything else with the know-how. Alphabet's Waymo and GM's Cruise are also at least the basis of a robo-taxi service that doesn't require consumer sales of vehicles to monetize. Ditto for Ford Motor (NYSE:F).Thus far, Tesla has shown no interest in selling or leasing its self-driving technologies to third parties, while former partner Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) subsidiary are providing off-the-shelf solutions to carmakers tiptoeing into the arena.In other words, how is Tesla going to claim its piece of the $2 trillion market Keeney sees on the horizon? If the company intends to continue doing everything by itself and only for itself, the scope of the autonomous driving opportunity means little. Other Contradictions Cloud Investment CaseIt's not just a glaring lack of clarity on the self-driving front that keeps current and would-be TSLA stock buyers on edge. Analysts can't agree on plausible future demand either.Case in point: Goldman Sachs just cut its price target on TSLA to $158 from $200, explaining, "we see a lower probability of the company achieving our upside volume scenarios; we believe a downward path for shares will resume as it becomes more clear that sustainable demand for the company's current products are below expectations."That's in direct conflict, however, with an assessment that Piper Jaffray posted earlier this month, noting, "We understand why some investors consider the stock un-investable, but of all the reasons to doubt our overweight thesis, we think weak demand is among the least convincing." Goldman Sachs specifically cited lower tax subsidies as a reason demand was facing a headwind.Indeed, even with the modest tax credit of $3,750 available until the end of this month, Tesla's Model 3 has widened its U.S. sales lead on other EVs despite net cost for these Model 3's being greater than net sticker prices for alternatives.Consumers want Teslas, even if they have to pay a little more to get one.Even analysts themselves are conflicted, not as to how ownership-worthy TSLA stock may be, but whether or not it's ownership-worthy at all. * 5 Stocks to Buy for $20 or Less As of the most recent look, the lowest analyst price target sits at $140, while the highest lies at $585. And, of the 31 analysts following the company, 12 are rating it at a "sell" or worse, while another dozen are calling it a "buy" or better. Looking Ahead for TSLA StockThis is a key part of the reason TSLA shares have been so incredibly volatile. More often than not they're precariously balanced on the fence, and even the slightest of nudges can knock them off. Sometimes they land on the bearish side of the fence, and sometimes the bullish.Regardless, Tesla stock's usually quite quick to climb back on the fence of uncertainty, with the horde on 'the other side' screaming their case a little louder when they start to lose ground.The good news is, the never-ending conundrum has proven helpful to traders even if it's been agonizing to traders. That is, several trading ranges have taken shape over the years, and now is no exception. While last month's reversal was seemingly prodded by headlines, a longer-term look at the chart reveals that bottom lines up with a floor around $179 that's been in seen several times since 2014. If the bulls continue to get traction, the ultimate ceiling is right around $390.Not surprisingly, the consensus target of around $280 is squarely in the middle of the trading range. The analyst community has collectively hedged its bet on TSLA, underscoring the idea that nobody really knows what to make of this name.As of this writing, James Brumley held no position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post Morgan Stanley Perfectly Sums Up the Dilemma For Tesla Stock Investors appeared first on InvestorPlace.
- Reuters•6 days ago
UPDATE 1-Trump administration readying final review of new vehicle fuel economy rules
Trump administration officials defended their controversial proposal to freeze fuel efficiency requirements at 2020 levels at a congressional hearing on Thursday and said the proposal would be submitted to the White House for final review in the coming weeks. The administration has rebuffed requests from automakers and some lawmakers to make a last-ditch effort to reach a deal with California to extend national standards after it ended talks in February. The administration plans in the coming months to finalize a dramatic rewrite of fuel efficiency standards through 2026 that would also strip California, the most populous U.S. state, which wants stricter rules to fight climate change, of the right to set its own, tougher emissions rules.
- Yahoo Finance•6 days ago
Tesla’s price target slashed, Waymo’s new deal, GM’s plea to regulators: Companies to watch
Tesla, Waymo, General Motors and Netflix are the companies to watch.
- Market Realist•6 days ago
Tesla Slips as Goldman Sachs Cuts Target by 21%: GM and Ford Rise
This morning before the market opened, Tesla (TSLA) was trading on a negative note despite a sharp rise in index futures. As of 9:10 AM ET, Tesla stock had fallen 1.2% in the pre-market session to $234.74 after Goldman Sachs cut the target price on the company by about 21%.
- Reuters•6 days ago
RPT-UPDATE 3-UAW opposes Trump plan to freeze fuel rules at 2020 levels -testimony
The United Auto Workers (UAW) will tell Congress on Thursday the union opposes the Trump administration's proposal to freeze fuel efficiency requirements at 2020 levels through 2026, according to written testimony.
- Motley Fool•6 days ago
Like Its Stock Price, Ford Motor Company's Quality Is Up in 2019
The Blue Oval just beat most of its rivals in a key measure of build quality.
- Yahoo Finance Video•5 days ago
Stocks extend gains after record trading season
Stocks rallied this week after the Federal Reserve kept interest rates unchanged and signaled a rate cut for the future. The Dow posted its best start to June since 1940. RSM Chief Economist Joe Brusuelas joins Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Cheung, and Pras Subramanian to discuss.
- Yahoo Finance Video•6 days ago
Companies to Watch: Tesla’s price target slashed, Waymo’s new deal, GM’s plea to regulators
Tesla, Waymo, General Motors and Netflix are the companies to watch.
