A General Motors Stock Comeback? A Contrarian Play for Savvy Investors.
GMGM(US:GM) InvestorPlace·2024-05-01 10:09

After General Motors (NYSE:GM) reported excellent first quarter results on April 23, it’s clear that the automaker is benefiting from rising wages in the U.S. and its popular vehicles. Meanwhile, the stock’s valuation remains very low, and it has pleased investors with its recent, shareholder-friendly moves. Finally, many Wall Street banks have turned very bullish on General Motors stock. The automaker will likely be well-prepared for the rising adoption of electric vehicles in the longer term.Given all of ...