General Motors (GM) Recalls Electric Hummer over Faulty Battery Seal

General Motors (GM) PT Raised to $81 at Citi

Citi analyst Itay Michaeli raised the price target on General Motors (NYSE: GM) to $81.00 (from $78.00) while maintaining a Buy rating following earnings. Keeps 'Top Pick', saying that a strong Q3 should allow the Nov Investor Day to emerge as a potential catalyst.

The... More

UPS, General Motors, Coca-Cola Rise Premarket; 3M, HSBC Fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, October 25th. Please refresh for updates.

UPS (NYSE: UPS) stock rose 3.5% after the parcel service reported a rise in third-quarter adjusted profit as higher delivery prices offset softening e-commerce demand, while reaffirming its outlook for 2022.

General Motors (NYSE: GM) stock rose 4.7% after the auto manufacturer reported a higher quarterly profit, and reaffirmed its full-year... More

CFRA Downgrades General Motors (GM) to Sell

CFRA analyst Garrett Nelson downgraded General Motors (NYSE: GM) from Hold to Sell with a price target of $32.00 (from $36.00).

For an analyst ratings summary and ratings history on General Motors click here. For more ratings news on General Motors click here.

Shares of General Motors closed at $35.72 yesterday.

General Motors (GM) Gains After Earnings Beat, Seen as a 'Major Step in the Right Direction'

General Motors (NYSE: GM) reported better-than-expected Q3 results and full-year guidance to send its shares about 4% higher in pre-market Tuesday.

GM reported an EPS of $2.25 on revenue of $41.89 billion to beat the average analyst estimate of an EPS of $1.89 on revenue of $41.72 billion.

The... More

GM's strong Q3 results ease investor fears of slowdown

By Joseph White and Paul Lienert

DETROIT (Reuters) -Investors cheered a solid third quarter at General Motors Co as the automaker's performance and confidence tamped down growing fears of a global recession.

GM shares were up nearly 2% in early trading on Tuesday as the company's strong North American truck sales and prices drove a higher quarterly profit that beat analysts' estimates.

While investors have been concerned that a U.S. economic slowdown could hurt demand for new vehicles, Chief Financial Officer Paul Jacobson said on Tuesday: "We havent seen any direct impact on our products. Pricing... More

General Motors (GM) Tops Q3 EPS by 36c

General Motors (NYSE: GM) reported Q3 EPS of $2.25, $0.36 better than the analyst estimate of $1.89. Revenue for the quarter came in at $41.89 billion versus the consensus estimate of $41.72 billion.

GUIDANCE:

General Motors sees FY2022 EPS of $6.50-$7.50, versus the consensus of... More

Stocks expected to have increasing option volume: DFS RRC RTX GE MMM ITW SHW ADM GM

Stocks expected to have increasing option volume: DFS RRC RTX GE MMM ITW SHW ADM GM

General Motors (GM) Declares $0.09 Quarterly Dividend; 1% Yield

General Motors (NYSE: GM) declared a quarterly dividend of $0.09 per share, or $0.36 annualized.

The dividend will be payable on December 15, 2022, to stockholders of record on December 2, 2022, with an ex-dividend date of December 1, 2022.

The annual yield on the dividend is 1 percent.

For a... More

Popular stocks increasing volume: BABA PBR NIO TWTR TSM PDD BAC T CHPT GM

Popular stocks increasing volume: BABA PBR NIO TWTR TSM PDD BAC T CHPT GM

GM launching return to work plan for salaried workers in January

By David Shepardson

WASHINGTON (Reuters) - General Motors Co will launch its return-to-work plan for most salaried workers early next year after it faced employee criticism over an earlier planned start date, the largest U.S. automaker said on Monday.

GM said the shift will help achieve company goals as it accelerates its transformation and enters a "rapid launch cycle" of new electric vehicle models.

Last... More

General Motors (GM) October weekly 35 straddle priced into quarter results before the bell

General Motors (NYSE: GM) October weekly 35 straddle priced for a move of 7% into the expected release of quarter results before the bell on October 25.

Top EV Companies Prepare to Spend Nearly $1.2 Trillion Through 2030

An exclusive report by Reuters today shows that the worlds top electric vehicle makers are prepared to spend nearly $1.2 trillion through 2030 to develop and produce electric vehicles, along with the batteries and raw materials to support production.

Reuters compiled public data and projections released by these companies to show that the EV investment figures dwarf previous investment estimates by analysts and is more than twice the most recent calculation published by the site just a year ago. Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production, according to the... More

GMC (GM) Introduces Sierra EV Truck

American auto maker, General Motors (NYSR: GM) introduced their first ever Sierra electric truck, making GM the only brand to offer three all-electric trucks. The Sierra EV joins the popular GMC Hummer EV Pickup and SUV.

This is the Denali of EVs and a truck that is every bit a GMC, said Duncan Aldred, vice president of Global Buick and GMC. That means it leaves nothing on... More

General Motors (GM) call put ratio 2.9 calls to 1 put into quarter results and outlook

General Motors (NYSE: GM) October weekly call option implied volatility is at 59, November is at 55; compared to its 52-week range of 29 to 60 into the expected release of quarter results before the bell on October 25. Call put ratio 2.9 calls to 1 put.

General Motors (GM) PT Lowered to $58 at JPMorgan

JPMorgan analyst Ryan Brinkman lowered the price target on General Motors (NYSE: GM) to $58.00 (from $61.00) while maintaining a Overweight rating.... More

GM, Ford set to report earnings to a tough crowd on Wall Street

By Joseph White

DETROIT (Reuters) - General Motors Co and Ford Motor Co hope their earnings reports next week will convince skeptical investors that their decade-long efforts have succeeded at unchaining them from the U.S. economic cycle.

Wall Street suspects both companies could fall short of their 2022 profit forecasts, or underperform next year, with consumer demand dented by rising U.S. interest rates, higher oil prices and economic slowdowns in the United States, Europe and China.

"Although there has not been a significant erosion in automotive demand so far this year, 2023 weakness appears increasingly likely,"... More

General Motors (GM) October weekly 33 straddle priced into quarter results

General Motors (NYSE: GM) October weekly 33 straddle priced for a move of 8% into the expected release of quarter results before the bell on October 25.