Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

General Motors Co Add to portfolio

INX:GM, Jan 21, 04:39 UTC

Latest INX:GM News

Filter your feed

Apply Filter

Friday, January 18


News

General Motors: Despite Headwinds, 2019 Will Be Great

GM

John Rosevear, The Motley FoolMotley FoolJanuary 18, 2019, 2:06 AM GMT. General Motors (NYSE: GM) won't release its complete fourth-quarter and full-year 2018 earnings report until Feb. 6. But in a briefing for analysts last Friday, CFO Dhivya Suryadevara said that GM did better than expected in 2018 -- and it expects to do even better in 2019. GM's 2018 EPS: Better than it thought. As recently as October, Suryadevara had given fairly conservative guidance for the full year. ("Adjusted" figures exclude the effects of one-time items; "automotive" figures exclude results related to subsidiaries GM Financial and Cruise Automation.). But the good news, Suryadevara said last week, is that the company did somewhat better than it had expected. While GM's results weren't yet final, she said she expected adjusted earnings per share to "exceed the high end of the range" and adjusted automotive free cash flow to be higher than $4 billion.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, January 17


News

Why an Electric Cadillac SUV Will Lead General Motors' Global Electric-Vehicle Charge

GM

General Motors (NYSE: GM) said that its Cadillac luxury brand will lead its electric-vehicle (EV) charge -- and it showed two renderings of a radically styled Cadillac SUV that it said will be the first vehicle to be built using its upcoming advanced battery-electric architecture. What we know about the electric Cadillac. GM didn't tell us a whole lot about the upcoming battery-powered Cadillac, which was revealed as a surprise by brand president Steve Carlisle at an event showcasing the new Cadillac XT6. The renderings show a crossover SUV with styling that takes current Cadillac design themes in a futuristic direction. It'll almost certainly be a dual-motor all-wheel-drive design with an EPA-rated range of at least 300 miles, and it'll likely be packaged and priced to give the similarly sized upcoming Tesla Model Y some serious competition. But beyond that, it's hard to say.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Should Value Investors Buy General Motors (GM) Stock?

GM

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. GM is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, January 16


News

General Motors Honored as Top Manufacturer in Automotive Loyalty Awards Presented by IHS Markit

F GM

IHS Markit analysis found that, in 2018, with approximately 17.6 million new vehicle registrations during the model year, 53.7 percent of customers returned to market to purchase or lease another new vehicle from the same make they already owned. While this represents a record make loyalty rate, the increase was just one tenth of a percentage point from last year, demonstrating a flattening of loyalty rates in the industry after years of increases. However, the competition is stronger than ever at the top. “Our Automotive Loyalty Awards program continues to showcase the achievements of the automakers, brands and their dealer networks to win back and conquest customers during such a competitive sales environment,” said Steve Had, vice president of automotive product solutions at IHS Markit. IHS Markit reviewed various additional influencers impacting loyalty metrics in this year’s analysis. As one example, make loyalty rates among those who financed through captive lenders were 57.8 percent during the 2018 model year, more than eight percentage points higher than loyalty rates of those who financed with non-captive lenders (49.4 percent loyalty). “As the market plateaus, insight from advanced analytics will enable OEMs and their dealers to engage with consumers more efficiently and effectively, through a better understanding of consumer buying behavior,” said Kristen Balasia, vice president of automotive advisory services at IHS Markit.

Read Full Details

Topics:
  • Business
  • Financial

Monday, January 14


News

Monday’s Vital Data: Activision, General Motors and Tilray

GM ATVI

Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.77% and S&P 500 futures are lower by 0.73%. Fear’s return was felt at the CBOE, with the single-session equity put/call volume ratio rising to 0.77 – a three week high. Last week’s recovery in Activision shares came to a crashing end on Friday after the video game giant announced it would end its partnership with Bungie, developer of the hit game Destiny. The price plunge returned Activision to crucial support near its 52-week low and has the stock knocking on the door of another potential breakdown.

Read Full Details

Topics:
  • Business
  • Financial
News

General Motors (GM) Foresees Stronger 2019 Backed by Launches

GM

Further, this Detroit-based automaker expects adjusted cash free cash flow of $4.5-$6 billion for the current year. In the US automotive market, the company expects to continue with its retail market growth through new Chevrolet Silverado and GMC Sierra light-duty full-size pickup trucks. The automaker expects to combat challenging industry conditions with its more than 20 vehicles in 2019. Shares of the company have gained 5.5% in the past three months.Today's Stocks from Zacks' Hottest StrategiesIt's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.And this outperformance has not just been a recent phenomenon.

Read Full Details

Topics:
  • Business
  • Financial

Friday, January 11


News

Activision, Vail Resorts fall; General Motors, Embraer rise

GM GOOGL +2 more GM GOOGL ATVI GOOG

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday:. The video game publisher announced that its eight-year partnership with game developer Bungie was ending. The automaker predicted strong results for this year and said it doesn't foresee any more job cuts through 2020. A group of law firms has filed the largest lawsuit yet against the company related to the hotel chain's huge data breach.

Read Full Details

Topics:
  • Business
  • Financial
  • Sports
News

Why General Motors Is Up Over 9% Today

GM

The stock of General Motors (GM), the largest US automaker, is raging today. At 10:12 AM, GM was at $37.83, up 8.9% from the previous session’s closing price. By comparison, the S&P 500 Index (SPY) (QQQ) was down 0.5%, while Ford (F), Fiat Chrysler (FCAU), Tesla (TSLA), and Toyota (TM) were up 2.0%, up 2.5%, down 1.0%, and up 0.5%, respectively. Let’s find out what’s driving GM’s gains today.

Read Full Details

Topics:
  • Business
  • Financial
News

Why General Motors Stock Jumped on Friday

GM

John Rosevear, The Motley FoolMotley FoolJanuary 11, 2019, 4:57 PM GMT. What happened. Shares of General Motors (NYSE: GM) surged on Friday after the company said that its full-year 2018 earnings would exceed its prior estimates and gave surprisingly upbeat guidance for 2019. As of 11 a.m. EST, GM shares were trading at $37.62, up 8.3% from Thursday's close. So what. Adjusted automotive free cash flow of about $4 billion, excluding self-driving subsidiary GM Cruise (2017 result: $5.2 billion). CFO Dhivya Suryadevara maintained that guidance when GM reported third-quarter earnings in October. But she added an optimistic note, saying that GM's full-year adjusted earnings per share might come in above $6.00, thanks to stronger-than-expected operating performance and a favorable tax outlook.

Read Full Details

Topics:
  • Business
  • Financial
News