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For what is work that… my broker friend that works at the Morgan Stanley at the West Palm Beach office says this is the time to buy GM !! So hold onto your share guys and if you can you can add a little bit more. GM going to $95 to $115 by December 32, 2022. Don’t sell your shares cheap to the big boys.
Ever notice how much less time it takes to get from the highs to the lows than the opposite? Invest for a year to get it over 60 and in a few weeks it’s back to 50
GM should have resumed it's dividend instead of spending all that money on EVs
Who doesn't enjoy a definitive statement? Mark ? Lyrics to be rolling off the production in the next few months!
From the Motley Fool today. Lots of trades today with the average size a small 112 shares.
GM was one of many stocks hit by interest-rate-driven selling on Monday morning. It now seems likely that the Federal Reserve will begin raising interest rates in a bid to curb inflation, which has recently reached the highest levels seen in many years. The Fed is set to begin a two-day meeting on Tuesday, and many analysts expect the meeting to end with a signal that the central bank will begin raising rates soon, possibly in March.
The primary concern for GM is that rising interest rates will make car shoppers' monthly payments more expensive, though I suspect rates will have to rise significantly before that begins to dent the automaker's sales or margins.
There was no GM-specific bad news on Monday, though. The company said that it will make a major announcement on Tuesday. That's expected to be $6.5 billion worth of factory announcements related to electric vehicles at two sites in Michigan, including the Lake Orion factory that currently builds GM's electric Chevrolet Bolt. "j"
New 52 week low coming for GM this week. Question is will GM bottom in low $40's or drop into $30's???
Flat out the company is going to report a "Big Miss" in upcoming earnings report as investors all hit the "sell button" at the same time.
If we had a legitimate President this stock turmoil wouldn't have happened. Enrgy traders stealing from hard working Americans.
Lots of people own stocks now that have never experienced a correction. They were invincible with their Meme stocks and instant wealth and Kathie Woods as their leader. Now they are losing money and don’t own any good fundamental stocks. They just own story stocks. They have their Robinhood accounts and their Reddit message boards, but no real experienced advisors or experienced investors in the room and emotions are now controlling them. This too will pass.
Rumor on the street is "Cruise" will be rejected in San Francisco or face a major delay. Enjoy the $40's boys and then when Cruise bad news comes out the $30's.
General Motors president Mark Reuss said in a LinkedIn post that first pre-production of the all-electric Cadillac LYRIQ has rolled off the line at the company's Spring Hill facility and that the team prepares to ship such vehicles to customers in a "few months." "15 months ago we announced a $2 billion investment into Spring Hill to build fully electric vehicles," Reuss added. "Our teams have worked tirelessly on the LYRIQ, bringing the launch up nine months ahead of schedule and working in parallel to convert the plant and start production. This is an important proof point in our path to EV leadership as we introduce more high-volume EVs across price points and lifestyles. I'm thankful to the Spring Hill and Cadillac teams for all their hard work. Congratulations on this huge milestone!"
Cruise in Major Trouble in San Francisco - Driver Using Autopilot Charged with Two Manslaughter Counts
Look out GM longs - if Cruise rejected GM stock fall to mid $30's.
Investment in EV for the mass market was a monumental mistake, its a niche market for the rich or in the case of Europe an escape from $7/gallon gas. Remember diesel succeeded there, but not here. $GM, $F, $STLA.
BUYERS WILL DECIDE, NOT MANUFACTURERS
Europe has massive public transportation options and infrastructure. Nothing in the United States.
Textbook day. Exactly like Art Cashin called it. That old guy is the only guy to listen to when the chips are all pushed to the middle of the table.
Well hello $49 - its been a while. But we might have to say good bye soon since GM chain supply issues, chip shortage issues, rising interest rate issues, Bolt issues, Corvette issues, lower revenue issues, etc. will soon push us down to $39 a share. And yes Charlotte the arrow is down, down, down for months to come.
I don't understand. Why does GM continue to tank? Is there anticipation that guidance at earnings will not meet expectations?
And a P/E of 7? what am I missing here?
TSLA and $XPEV fan here. $GM not looking bad either, though they should've started their EV walkabout 20 years ago. Better late than never I guess. And Ford? well, they can eat it. If you've had a 5.4 Triton motor, you'd understand.
The market will turn around.
All Orion Bolt employees at home are now required to wear KN or N 95 masks while inside.
GM HOLDERS TAKE THIS WARNING SERIOUSLY TOKYO -- The shortage of parts caused by the coronavirus pandemic is further denting production at Toyota, Japan’s top automaker.
Production at 11 plants in Japan will be halted Friday, Saturday and next Monday, Toyota Motor Corp. said.
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