Stock Of The Day: Is The General Motors Downtrend Over?
Shares of General Motors Company GM are little changed Monday despite news that rivals Honda Motor Co., Ltd. HMC and Nissan Motor Co., Ltd. NSANY are discussing a merger. This would create the world's third-largest automaker.It is not clear how this would affect the long-term prospects of GM. But in the short term, the recent downtrend may be over. The stage may be set for a rally. This is why we have made it our Stock of the Day.Some analysts believe that markets are efficient and stocks follow a ‘random w ...