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Supply Shortages Are Forcing Automakers To Halt U.S. Production
Wednesday, March 17, 2021 - 2:07pm | 900As if the automotive industry wasn't under a lot of stress when a global pandemic crushed its global supply chains, it is now facing supply shortages. The biggest automakers warned that the global shortage of semiconductors would force production cuts. General Motors Company (NYSE: GM) and...
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Twitter, Cisco Line Up To Report After Today's Close, Followed By Uber, GM Tomorrow
Tuesday, February 9, 2021 - 10:52am | 2269Will today be lucky seven? The S&P 500 Index (SPX) and the Dow Jones Industrial Average ($DJI) start off Tuesday defending six-session winning streaks, the best stretch in six months for either. The small-cap Russell 2000 (RUT) also hit new all-time highs...
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Wednesday's Market Minute: GM Could Turn Day-Traders Into Value Investors
Wednesday, January 20, 2021 - 11:07am | 498Traders are getting excited about General Motors Company (NYSE: GM) for the first time in years because its electric vehicle efforts finally seem to be adding up. I'm excited about it because it's the perfect stock to usher in the next phase of the market. Last week, a string of Wall...
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Nikola Bites The Dust, Hyllion Might Follow Suit
Tuesday, December 1, 2020 - 12:30pm | 791The recent presidential election fueled gains in EV stocks as Biden's leadership is green-centric with large tax credits for EV purchases and investments in charging infrastructure. More and more people are shifting toward EVs, with the main reasons being cost-efficiency, improved battery...
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Stock Market Update For The Week Ahead: 'Continued Strength'
Sunday, July 5, 2020 - 2:18pm | 1502The Last Week In A Nutshell What Happened: The S&P 500 experienced its best quarter since 1998, adding 20%. "A 20% quarterly gain is quite rare, but the catch is previous large quarterly gains have actually led to continued strength. In fact, a quarter later stocks have been higher...
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GM Strike Could Hurt Unionized Auto Haulers First
Tuesday, September 17, 2019 - 11:43am | 1302The halt in vehicle production at General Motors Company (NYSE: GM) plants on Sept. 16 over a labor dispute is expected to have ripple effects throughout the automakers' supply chain, but experts say the severity of any business interruption will depend on the duration of the strike by the United...
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What Does A Potential E-Systems Spinoff Mean For Lear?
Tuesday, October 3, 2017 - 11:43am | 414While there’s renewed interest in a spinoff of Lear Corporation (NYSE: LEA)’s electrical division E-Systems, the upside for such a move is already priced in, according to UBS. Spinoffs announced at Autoliv Inc. (NYSE: ALV) and Delphi Automotive PLC (NYSE: DLPH) have left investors...
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Data And Scale Are The Keys To Autonomous Vehicle Technology
Wednesday, June 1, 2016 - 1:43pm | 311There is certainly plenty of autonomous vehicle technology to be excited about in coming years. However, according to RBC analyst Joseph Spak, bringing this type of advanced technology to the mass market may prove to be much more challenging than investors are anticipating. So far, Alphabet Inc...
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Cramer: 'I Am Not Going To Bet Against Apple'
Friday, July 10, 2015 - 1:31pm | 368After slumping down significantly over the last few days, Apple Inc. (NASDAQ: AAPL) spiked up more than 2 percent on Friday. One of the reason for that spike could be CNBC's Jim Cramer proclaiming that he is 'not going to bet against Apple.' Cramer was recently seen discussing the...
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Timeline: General Motors Stock Since 2010 Initial Public Offering
Friday, November 28, 2014 - 11:46am | 960The General Motors Company (NYSE: GM) IPO launched on November 17, 2010. Since then, much has happened with the “new” General Motors. Over the past four years, from November 17, 2010, when the “new” GM launched, to now, General Motors Company share prices were down...
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General Motors vs. Toyota: Truck Wars
Thursday, April 18, 2013 - 12:33pm | 539General Motors (NYSE: GM) plans to take on Toyota (NYSE: TM) in a mano-a-mano truck war, according to The Detroit News in a report filed Wednesday. The midsized trucks will do 95 percent of the workload of a big truck, according to Mark Reuss, GM’s President of North American operations....
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Deutsche Bank Reports Bettter Than Expected Quarter For GM
Friday, May 6, 2011 - 9:04am | 130Deutsche Bank is maintaining its Buy rating and its $45 price target on General Motors Co. (NYSE: GM) based upon in-line earnings in Q1 for the company. According to Deutsche Bank, “GM reported EPS of $0.95 vs. our forecast of $0.83, with lower taxes, interest expense, and corporate expense...
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Deutsche Bank Maintains $45 PT, Buy Rating On GM
Friday, February 25, 2011 - 9:53am | 107General Motors Company's (NYSE: GM) 4Q10 EBIT came in at $1,021MM, compared with our $961MM est., Deutsche Bank reports. “Excluding the GM Financial and Corporate Other segments, Automotive EBIT was $648MM vs our $897MM estimate,” Deutsche Bank writes. “We noted negative variances (vs. our...
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Credit Suisse Initiates GM Coverage With OP Rating, $43 Target
Tuesday, December 28, 2010 - 11:25am | 64Credit Suisse is initiating coverage of General Motors Company (NYSE: GM) with an Outperform rating and 12-month price target of $43. “After a quick stint in bankruptcy, the primary outcome of which was a balance-sheet cleansing and the installation of new management and Board, we think GM offers...