General Motors Co (GM)

GM (NYSE:Automotive) EQUITY
$28.17
pos +0.00
+0.00%
Today's Range: 0.00 - 0.00 | GM Avg Daily Volume: 11,793,500
Last Update: 06/29/16 - 4:00 PM EDT
Volume: 0
YTD Performance: -17.17%
Open: $0.00
Previous Close: $28.17
52 Week Range: $24.62 - $36.88
Oustanding Shares: 1,539,825,376
Market Cap: 42,714,755,930
6-Month Chart
TheStreet Ratings Grade for GM
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 6 5 5 5
Moderate Buy 1 1 1 1
Hold 7 7 7 7
Moderate Sell 0 0 0 0
Strong Sell 0 0 1 1
Mean Rec. 2.07 2.15 2.36 2.36
Latest Dividend: 0.38
Latest Dividend Yield: 5.48%
Dividend Ex-Date: 06/08/16
Price Earnings Ratio: 4.63
Price Earnings Comparisons:
GM Sector Avg. S&P 500
4.63 4.20 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-9.68% -15.23% -15.43%
GROWTH 12 Mo 3 Yr CAGR
Revenue -2.30 -1.00 0.00
Net Income 139.30 -1.00 0.00
EPS 0.00 -1.00 0.00
Earnings for GM:
EBITDA 0.00B
Revenue 0.00B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $1.47 $1.50 $5.60 $5.76
Number of Analysts 8 6 10 9
High Estimate $1.60 $1.54 $5.75 $6.05
Low Estimate $1.34 $1.40 $5.40 $5.44
Prior Year $1.29 $1.50 $5.02 $5.60
Growth Rate (Year over Year) 14.24% -0.33% 11.49% 2.93%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
Brexit has caused active investors to flee and created an opportunity for those who are patient.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar was stronger, a negative of Brexit. The price of crude oil fell by less than a dollar to $46.74, off of the day's lows (see comments on TBT). Gold rose by $7.50, off the day's highs. Agricultural commodities: wheat -8, corn +1, soybean +28 (!!) and oats -5. Lumber was unchanged. iShares 20+ Year Treasury Bond ETF (TLT) rose by $3.50 as yields plummeted and prices rose. (I shorted in the morning by purchasing TBT. The 10-year's yield fell 12 basis points and the long bond was down 14 basis points. The yield curve flattened to lows last seen in the recession. The 2s/10s spread fell to 86 basis points. The high-yield bond market got destroyed. iShares iBoxx High Yield Corporate Bond ETF (HYG) fell $1.23 and SPDR Barclays High Yield Bond ETF (JNK) was down 60 cents. Blackstone/GSO Strategic Credit Fund (BGB) fell by an outsize 25 cents and closed at $14. I would continue to avoid this space. Banks were schmeissed and I picked some rentals -- Morgan Stanley (MS), Goldman Sachs (GS), Bank of America (BAC), Citigroup (C) and JPMorgan Chase (JPM). Insurance was down another 8% to 10%, following Friday's decline of 12% to 15%. I covered more Lincoln National (LNC) and MetLife (MET); they are now small positions. It has been the world's fair on the short side. Energy got hit. I covered Exxon Mobil (XOM) and Schlumberger (SLB) today. Retail was broadly lower. I have no longs. My two shorts were lower -- Nordstrom (JWN) down $1.20 and Foot Locker (FL) down $1.50. Continued nice gains. Old tech fell, with IBM (IBM) down $3 and Intel (INTC), Cisco (CSCO) and Microsoft (MSFT) were down one side or the other of 2%. Biotech was a biowreck. iShares Nasdaq Biotechnology ETF (IBB) was down another $8 to $241;  I cautioned on the sector at $285 a few weeks ago when some were talking "breakout." Ag equipment with a disproportionate position in England and the EU was lower. Autos, too, got hurt by Brexit's fumes. *(T) FANG was mixed, with Tesla (TSLA) up $4.50 and weakness in the rest of the abbreviation. In individual stocks, DuPont (DD), my fav long, was down $2.40 as it consolidates a multi-month advance. Potash (POT) was down $1, Twitter (TWTR) off 70 cents, Hartford Financial Services Group (HIG) down $1.40 and Oaktree Capital Group (OAK) off $1.20. I plan to add to TWTR, HIG and OAK tomorrow. Apple (AAPL) moves back down toward $92. In sectors, Consumer Staples Select Sector SPDR ETF (XLP) slipped a bit (I covered and took it off my Best Ideas List today) and Materials Select Sector SPDR ETF (XLB) got schmeissed (down $1.55) as cyclicals were quite weak. Here are some value-added columns on our site today: El Capitan is tempted.  General Motors (GM) is moving toward support, according to Gary Morrow's chart view. I covered much of my short today. Tim Melvin is keeping his head.  Rev will be reactionary and sees no reason to rush into the markets. Brian Sozzi on what Nike (NKE) has to show; I remain short sneakers via FL.
Ford, General Motors slide in Monday's market trading.
The downside momentum unleashed late last week likely will lead to a retest of GM's 2016 lows.

Today's Trades Real Money Pro($)

Bank of America (BAC) at $12.28 Citigroup (C) at $38.77 Goldman Sachs (GS) at $138.50 JPMorgan Chase (JPM) at $57.60 Morgan Stanley (MS) at $23.35 I've also taken a long rental in the SPDR S&P 500 ETF (SPY) at $199.45. Add it all up and I'm now very slightly net long, but don't currently view these positions as long-term leases. Instead, I'll be quick on the trigger to close out these longs if conditions warrant doing so.

Even More Signs of Peak Autos Real Money Pro($)

Autos, another important market segment, are clearly "rolling over" today -- with Ford (F) and General Motors (GM) both down around 1% at last check.
This would be a good pick for certain investors.
The stock looks set for a bumpy ride. 

Takeaways and Observations Real Money Pro($)

It was Groundhog Day on Wall Street again. We finished down, but well off of the session lows. I did no trading. The U.S. dollar weakened. Oil, stronger in the morning, weakened in
Anything under $29 spells big trouble for GM.

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