General Motors (GM) call put ratio 1 call to 1.9 puts into Union strike talk headlines

Go back to General Motors (GM) call put ratio 1 call to 1.9 puts into Union strike talk headlines

Morgan Stanley said buy these two auto stocks amid looming strike

August 29, 2023 10:59 AM EDT

With the impending expiration of UAW contracts on September 14th, the anticipation of a more 'contentious' bargaining process has intensified due to several contributing factors.

Factors surrounding exceptionally elevated inflation rates, rhetoric from new UAW leadership, notably favorable margins for the Detroit Three (Ford, General Motors and Stellantis) in the current cycle, and a wide array of recent instances that have set precedent for union contract discussions across adjacent manufacturing and service sectors in the United States.

With the chance of a UAW strike more likely than in recent years, Morgan Stanley analyst, Adam Jonas believes... More

Vinfast (VFS) becomes third most valuable carmaker as stock surge continues

August 28, 2023 9:10 AM EDT

Shares of electric-vehicle maker Vinfast (NASDAQ: VFS) surged as much as 30% in premarket trading on Monday morning, extending last weeks rally that saw the Vietnamese carmaker more than quadruple its market value to $160 billion.

A premarket share price of $90.55 indicated that the stock was headed towards increasing its market capitalization by nearly $50 billion.... More