|Day Low/High||35.18 / 36.26|
|52 Wk Low/High||31.46 / 41.90|
The outcome of this weekend will be binary, taking the markets sharply higher or lower.
If the Fed is less of a problem and China is less of a problem, the market can go higher. If both continue to be problems, we go lower.
GM CEO Mary Barra is an obvious winner, while domestic suppliers are sure to be among the losers.
Never confuse a bounce with a sustained move.
GM could show more strength in the short-run and maybe into year-end, but I would look for more basing and sideways price action before buying its shares.
As an example: After General Motors shares were halted pending news following a 2%+ jump after the open, Barra revealed that the company would shutter 7 plants (5 in North America and 2 international) after 2019, fire 15% of its salaried workforce ...
Auto companies are misguided about the U.S. federal tax credit for electric cars.
"We're all hurt someplace and we're all looking for a painkiller." -- Katherine, Looking For Mr. Goodbar As I have previously remarked there is an old trading adage that long trading opportunities often occur in stocks that are green in a sea of red...
"Just one more thing" -- Lt. Columbo A few months ago I initiated a new occasional item called Dumbest Comments in the Business Media because over time I have observed that far too often the "talking heads" that are paraded in front of us are superf...
GM had better pray governments don't steer the auto market to electric cars.
Our Trade of the Week (on Monday) was buying at $32.65. The company just announced a large beat and the shares are trading at $36.90 (for a premarket gain of +$3.47)! I have just sold my long rental for a large gain. Here is how I introduced the ...
This stock moves fast, so acting on target prices and panic points is essential.
I added to General Motors (my Trade of the Week) this morning. I also re-established a small Twitter loan in early weakness (I am still of the view that Alphabet/Google ultimately buys the company). But I am not chasing the strength.
* Staying flexible in view on autos * Car manufacturers may have finally discounted my numerous concerns Despite several high profile hedge fund industry long purchases of General Motors, I have been an advocate of "Peak Autos" for two years. At th...
Here is how, and when, to get into a micro-cap -- and why you should consider it now.
It becomes difficult for me to tell you where to run in these markets...
Andrew Left's 'fundamental' reasoning behind suddenly going from hating TSLA to liking the stock is simply uninformed.
Waymo is the key to unlocking long-term shareholder value at Fiat Chrysler.
Fiat Chysler cruises to gain on Monday after auto-parts auction.
Fiat's focus is on its balance sheet while its Alphabet partner pushes the self-driving envelope.
The carmaker will receive a cash infusion as its focuses on value creation and self-driving vehicles.
"We believe that free market capitalism is the best path to prosperity!" - The Kudlow Creed Dear Larry, You and I go way back - we have been friends for many years. I deliver this letter to you out of respect and in recognition of that friendship. I...
Auto stocks have underperformed the S&P by 32% this year and stands at its lowest relative strength since March, 2009. I recently covered my General Motors short but I am of the strong belief in the "Peak Autos" theme.
We are in the midst of earnings season where we can piece together a mosaic of what's really going on in the economy.
The other involves taking advantage of late-day rebalancing by ETFs.
* What was up in a down market today? * Searching for trading rental ideas In looking for short-term trading ideas I often comb my screen for stocks that were green in a sea of red (long candidates) or red in a sea of green (short candidates). Here ...