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Top Wall Street analysts favor these 3 stocks for their growth potential
CNBC· 2024-04-28 11:32
Earnings season is giving analysts plenty to chew on as they learn more about the impact of macro challenges on companies.Though Wall Street is watching short-term stock moves spurred by quarterly results, the top analysts have their eyes on companies' long-term prospects.Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance.NetflixNetflix (NFLX) is this week's first pick. The streaming giant report ...
Is General Motors Stock Going to $55? 1 Wall Street Analyst Thinks So.
The Motley Fool· 2024-04-26 19:41
The analyst thinks this auto stock has room to accelerate higher thanks in part to strong cash flow.Up almost 28% since the start of the year, General Motors (GM 0.70%) stock has significantly outpaced the S&P 500 index's 7.1% gain. And the stock's run isn't over yet, at least according to Bernstein analyst Daniel Roeska.Initiating coverage on GM stock, Roeska assigned a $55 price target and an outperform rating. Based on its current price of $45.94, Roeska's price target implies an upside of nearly 20% for ...
Why General Motors Company (GM) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-04-26 14:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...
General Motors (GM) Is Attractively Priced Despite Fast-paced Momentum
Zacks Investment Research· 2024-04-25 13:51
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...
Forget Tesla, GM Stock Is the Real Deal for Long-Term Investors
InvestorPlace· 2024-04-25 10:35
Some stocks are ideal for short-term trading because they’re fast movers. In contrast, General Motors (NYSE:GM) stock is meant to be bought and held for a long time. Indeed, it’s not an insult to call General Motors a “legacy” automaker as the company is an American icon with consistent quarterly profits.Frankly, if you’re in the market for something unpredictable and risky, you can always buy Tesla (NASDAQ:TSLA) stock. Or, you can invest in a startup automaker like Lucid Group (NASDAQ:LCID) or Rivian Autom ...
3 Behind-the-Headlines Takeaways From General Motors' Q1 Report
The Motley Fool· 2024-04-25 10:13
GM's profit beat estimates and the company boosted guidance. There was more good news for investors behind those headlines.General Motors (GM -0.04%) reported its first-quarter results on Tuesday morning, and they were good. Its net income of $3 billion, or $2.62 per share on an adjusted basis, and revenue of $43 billion both handily beat Wall Street estimates as reported by Refinitiv. The Detroit giant also raised its full-year guidance.You might have seen all of that in Tuesday's headlines, but here are t ...
General Motors Axes OnStar Smart Driver System After Privacy And Insurance Complaints
Forbes· 2024-04-24 23:45
ToplineGeneral Motors announced Wednesday it is discontinuing OnStar Smart Driver, an optional program that provided users with data about their driving, across all of its vehicles, doing so after complaints surfaced about privacy violations and how user information was shared with data analytics companies LexisNexis and Verisk.The General Motors logo is displayed at a Chevrolet dealership on Aug. 4, 2021 in Burbank, ... [+] California. (Photo by Mario Tama/Getty Images)Getty Images Key FactsSmart Driver us ...
Time to Buy General Motors (GM) Stock After Strong Q1 Results
Zacks Investment Research· 2024-04-23 22:36
While investors anxiously awaited quarterly results from magnificent seven-player Tesla (TSLA) after market hours on Tuesday, they shouldn’t overlook General Motors (GM) stock with the company blowing away its Q1 expectations this morning.Spiking over +4% today, General Motors stock has now soared +25% year to date to top its arch-rival Ford Motor's (F) +6% with Tesla shares down a greasily -41% amid slower sales growth and a recent recall in its much-anticipated cyber truck. With that being said, Genera ...
GM(GM) - 2024 Q1 - Quarterly Report
2024-04-23 19:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34960 GENERAL MOTORS COMPANY (Exact name of registrant as specified in its charter) Delaware 27-0756180 (State or other jurisdiction of (I.R. ...
General Motors lifts 2024 profit forecast after strong Q1
TechXplore· 2024-04-23 17:53
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: General Motors, which reported better than expected profits, is hopeful that the moderately priced Chevrolet Equinox will attract more consumers to electric vehicles. General Motors reported higher profits Tuesday thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lif ...