General Motors (GM) enters binding long-term supply agreement with Vacuumschmelze
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GM to downgraded to Hold as Berenberg awaits better entry point
January 30, 2023 7:36 AM ESTBerenberg downgraded General Motors (NYSE: GM) to a Hold rating (From Buy) and cut the price target on the stock to $41.00 (From $45.00) as analyst Adrian Yanoshik believes the American auto maker will continue to face near-term challenges from mass-market affordability and cost inflation. The company is scheduled to... More
Dow Jones, Nasdaq, S&P 500 weekly preview: Why analysts expect stocks to rotate lower
January 30, 2023 7:13 AM ESTU.S. futures are moving lower in pre-market Monday as investors brace for another busy week. The Federal Reserve meeting is the key event and the biggest catalyst for stocks this week, in addition to the continuation of the earnings season.
S&P 500 gained 2.5% last week to finally close above the descending trend line that connects previous lower highs. However, the rally stopped at another important resistance - 4100 - which is likely to cap any near-term gains, until at least the Fed takes the central stage on Wednesday.
Nasdaq Composite Index (IXIC) closed over 4.3% higher last... More
Tesla (TSLA) stock earns upgrade to Buy on 'misguided pricing concerns'
January 30, 2023 5:15 AM ESTDespite seeing a softer demand picture in 2023 facing the global auto manufacturers, Berenberg analysts led by Adrian Yanoshik upgraded Tesla (NASDAQ: TSLA) stock to Buy from Hold.
While Tesla shares moved lower in the closing months of 2022 on several catalysts, including price cuts, Yanoshik said such moves are an... More
General Motors (GM) call put ratio 3.1 calls to 1 put into quarter results
January 30, 2023 4:25 AM ESTGeneral Motors (NYSE: GM) February weekly 38 straddle priced for a move of 6.5% into the expected release of quarter results before the bell on January 31.
... MoreGeneral Motors (GM) call put ratio 3.1 calls to 1 put
January 30, 2023 4:04 AM ESTGeneral Motors (NYSE: GM) 30-day option implied volatility is at 40; compared to its 52-week range of 35 to 60. Call put ratio 3.1 calls to 1 put.
... MoreStocks expected to have increasing option volume: GM F SOFI NXPI WHR XOM AMD SPOT
January 30, 2023 3:55 AM ESTStocks expected to have increasing option volume: GM F SOFI NXPI WHR XOM AMD SPOT
... MoreBerenberg Downgrades General Motors (GM) to Hold, 'Fading momentum'
January 30, 2023 1:01 AM EST(Updated - January 30, 2023 4:20 AM EST)
Berenberg analyst Adrian Yanoshik downgraded General Motors (NYSE: GM) from Buy to Hold with a price target of $41.00 (from $45.00).
The analyst comments "We expect investors to gain confidence in GMs ability to execute EV rollouts... More
Morgan Stanley Bullish as Tesla (TSLA) ushers in the 'Great EV Deflation'
January 27, 2023 11:55 AM ESTMorgan Stanley reiterated an Outperform rating and $220.00 price target on Tesla (NASDAQ: TSLA) as the electric vehicle giants recent price cuts usher in, what analyst Adam Jonas calls, the Great EV Deflation.
Jonas wrote in a note, In recent days, Ive asked several dealers and automotive experts if theyve ever seen a car company cut prices by 13 to 20% across the vast majority of its product range in one move. Nobody can think of a precedent.
Some... More
General Motors (GM) call put ratio 3.1 calls to 1 put into quarter results and outlook
January 27, 2023 10:58 AM ESTGeneral Motors (NYSE: GM) February weekly call option implied volatility is at 58, March is at 44; compared to its 52-week range of 34 to 60 into the expected release of quarter results before the bell on January 31. Call put ratio 3.1 calls to 1 put.
... MoreGM, Ford must convince investors they can profit as prices fall
January 27, 2023 6:14 AM ESTDETROIT (Reuters) - General Motors Co and Ford Motor Co are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and sports utility vehicles (SUVs).
Now, the Detroit rivals must convince investors that last year's profit formula can keep working when costs for EV batteries are rising, high interest rates are cutting consumer purchasing power, and Tesla Inc is slashing prices.
Already there are signs the Detroit automakers are scaling back spending to offset competitive and economic pressure. GM has shelved for now plans to build a fourth EV battery plant in North... More
General Motors (GM) February weekly 36.50 straddle priced into quarter results
January 27, 2023 5:28 AM ESTGeneral Motors (NYSE: GM) February weekly 36.50 straddle priced for a move of 6.5% into the expected release of quarter results before the bell on January 31.
... More
