|Bid||35.62 x 800|
|Ask||35.76 x 2900|
|Day's range||35.54 - 35.99|
|52-week range||30.56 - 44.14|
|Beta (3Y monthly)||1.14|
|PE ratio (TTM)||5.67|
|Earnings date||1 Aug 2019|
|Forward dividend & yield||1.52 (4.56%)|
|1y target est||47.11|
Garrett Nelson at CFRA on Friday downgraded General Motors Co. stock to sell, from buy, on bearish expectations for auto sales, GM's operating margin forecasts, and "a belief that GM is likely to lower earnings guidance," he said. Nelson also cut his 12-month price target on the shares by $8 to $32, and lowered full-year profit estimates for 2019 and 2020. GM global sales fell 10.4%, including a 7% drop for U.S. sales, "and recent data suggests that demand remains weak, particularly in China (43.5% of GM's total vehicle sales in 2018)" Nelson said. "We expect weak sales and the negative impact of the trade war to weigh on GM's margins." GM shares fell 0.8% on Friday. The stock has gained 35% this year, compared with gains of 15% and 12% for the S&P 500 index and the Dow Jones Industrial Average.
Industrial production rose 0.4% in May, a solid and broad-based gain helped by increased production of pickup trucks and cars, the Federal Reserve said Friday.
Car sales in China, the world’s biggest automotive market, fell year-over-year in 2018 for the first time in more than two decades. Automotive sales have contracted in China for 11 consecutive months now. The slowdown only seems to be deepening, and last month, China’s car sales fell a whopping 16.4%.
The Trump administration is expanding efforts to block the use of Chinese technology in advanced vehicles, denying additional requests by Tesla Inc for tariff relief on key components of its electric vehicles, and rejecting ride-hailing company Uber's petition to waive tariffs on electric scooters and at least 50 separate requests by General Motors Co. After the United States slapped 25 percent tariffs on $50 billion of Chinese imports last year under the two countries' trade dispute, the U.S. Trade Representative (USTR) allowed companies to petition for exemptions.
With Tesla (TSLA) shares running out of gas in recent months, one shareholder says he’s never been more bullish on the company and its CEO Elon Musk. HyperChange CEO Galileo Russell is scooping up as many shares as he can with all of his available capital because - unlike some of the skeptics in this market - he really believes in the Tesla growth story.
Ford (F) to close its engine plant in Bridgend, South Wales, U.K. Fiat Chrysler (FCAU) to tie up with Aurora for autonomous technology.
General Motors Co president Mark Reuss said on Wednesday that the automaker is investing about $150 million at its Flint Assembly plant, Michigan, to boost production of heavy duty trucks by another 40,000 vehicles a year. Reuss announced the investment at the Flint truck assembly plant wearing a United Auto Workers pin. The Detroit automaker announced in February it was adding 1,000 jobs in Flint to build a new generation of heavy-duty pickup trucks.
The Detroit automaker announced in February it was adding 1,000 jobs to build a new generation of heavy-duty pickup trucks. The company confirmed its president, Mark Reuss, will make an announcement at the plant Wednesday, but declined to comment further.
Tesla has lost nearly a third of its value this year but Morgan Stanley thinks that's unfair given the value of some pieces of the company.
Tesla will be holding its annual shareholder meeting on Tuesday evening. CEO Elon Musk is expected to discuss a wide array of topics.
Investing.com - General Motors led automakers higher Monday as U.S. President Donald Trump called off tariffs on Mexican goods, easing fears that automakers would see their profit margins reverse on increased input costs.
The Zacks Analyst Blog Highlights: General Motors, Ford, American Axel, Autoliv and AutoZone
Alaka'i Technologies President Brian Morrison joins Yahoo Finance's On the Move to discuss the launch of what it claims to be the world's first hydrogen fuel cell powered air mobility vehicle called Skai.
With President Trump cracking down on immigration and threatening to slap tariffs on Mexico if they do not oblige, automotive stocks have taken a hit recently, since they would be greatly impacted by the tariffs.
(Bloomberg) -- The White House is rejecting a bid from domestic and foreign automakers to restart talks with California over vehicle emission regulations.
Stocks that could be negatively impacted by tariffs on Mexico include: Acuity Brands, Brunswick Corporation, and Fortune Brands.