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Why General Motors Company (GM) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-03-18 14:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features 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, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks ...
Should You Invest in General Motors Company (GM) Based on Bullish Wall Street Views?
Zacks Investment Research· 2024-03-18 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about General Motors Company (GM) .General Motors Company currently has an average brokerage recommen ...
Fast-paced Momentum Stock General Motors Company (GM) Is Still Trading at a Bargain
Zacks Investment Research· 2024-03-18 13:50
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 ...
General Motors Company (GM) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-03-15 14:01
General Motors Company (GM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +1% over the past month versus the Zacks S&P 500 composite's +3.3% change. The Zacks Automotive - Domestic industry, to which General Motors Company belongs, has lost 11.2% over this period. Now the key question is: Where could the stock be headed in the near term?While medi ...
Plug Power, GM Win Federal Funds In $750 Million Push To Accelerate Clean Hydrogen
Forbes· 2024-03-13 18:52
The Biden Administration is disbursing $750 million of federal grant funds for electrolyzer and fuel cell production projects.gettyThe Biden Administration is pushing ahead with efforts to make carbon-free hydrogen a cheaper and more widely used form of clean energy, dispersing $750 million of federal funds to help companies and universities including Plug Power, General Motors and Cummins scale up production of electrolyzers that make hydrogen and fuel cells that use it.Plug Power, which hopes to be a lead ...
GM hires ex-Tesla, Google exec to replace retiring head of manufacturing
CNBC· 2024-03-12 21:57
General Motors Executive Vice President Global Manufacturing and Labor Relations Gerald Johnson (middle) watches as engineers and technicians set-up and test the machines that will be used to manufacture Level 1 face masks at a plant in Warren, Michigan.DETROIT – General Motors' long-time head of manufacturing is retiring, and the company has hired a former Tesla and Google executive to fill his shoes.The Detroit automaker said on Tuesday that Gerald Johnson, executive vice president of Global Manufacturing ...
New Strong Buy Stocks for March 12th
Zacks Investment Research· 2024-03-12 11:51
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:General Motors Company (GM) : This automobile giant has seen the Zacks Consensus Estimate for its current year earnings increasing 17% over the last 60 days.Royal Caribbean Cruises Ltd. (RCL) : This cruise-line company has seen the Zacks Consensus Estimate for its current year earnings increasing 10% over the last 60 days.Sumitomo Mitsui Financial Group, Inc. (SMFG) : This company that provides commercial banking, leasing, securities, c ...
Best Value Stocks to Buy for March 12th
Zacks Investment Research· 2024-03-12 10:51
Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 12th:General Motors Company (GM) : This automobile giant carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17% over the last 60 days.General Motors has a price-to-earnings ratio (P/E) of 4.39, compared with 6.40 for the industry. The company possesses a Value Score of A.Royal Caribbean Cruises Ltd. (RCL) : This cruise-line com ...
General Motors Made 1 of Its Smartest Moves in Years. Is It an EV Stock to Buy Now?
The Motley Fool· 2024-03-11 14:15
The difference between a good company and a great one can be as small as admitting when you're wrong. It's all too common for companies to refuse to admit mistakes, or even double down on being wrong. That isn't the case with General Motors (GM 0.01%) after it originally planned to discontinue the Chevrolet Bolt electric vehicle (EV). Armed with new information and changing consumer demand, the automaker adjusted its strategy, and it could end up paying off big.What's the story?Originally, GM planned to sen ...
General Motors (GM) Resumes Chevy Blazer EV Sales, Cuts Price
Zacks Investment Research· 2024-03-11 12:01
General Motors Company (GM) announced that it is reducing prices and restarting the sales of the Chevy Blazer EV following a halt in deliveries to address software issues.The starting price of 2024 Blazer EV models will be $50,195, or $6,520 less than the initial price of the vehicle. The price excludes the $7,500 federal tax credit, for which the model is now completely eligible.Following the issues reported by vehicle owners and media about the car’s infotainment and charging systems, the automaker halted ...