General Motors: Increasing PO To $77 On Strong Guidance, Positive Technicals

JHVEPhoto Shares of General Motors (NYSE:GM) continue to shine in 2024. The stock is higher by 36%, dividends included, while Ford (F), which I still like on valuation, is off by 2%. Meanwhile, shares of Tesla (TSLA) have been volatile on the year and are still lower by 11% year to date. Finally, Stellantis (STLA) was in the headlines 12 months ago amid labor strikes, but the domestic stock has failed to hold gains – it's down 23% in 2024. GM continues to be a darling of the sellside with a high number  ...