General Motors Co. (GM)

35.34
0.23 0.66
NYSE : Consumer Durables
Prev Close 35.11
Open 35.13
Day Low/High 35.10 / 35.30
52 Wk Low/High 31.46 / 41.90
Volume 189.90K
Avg Volume 9.04M
Exchange NYSE
Shares Outstanding 1.43B
Market Cap 50.55B
EPS 5.70
P/E Ratio 5.76
Div & Yield 1.52 (4.28%)

An Open Letter to Larry Kudlow

"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...

Chart of the Day

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.

'Well, It Is October...'

'Well, It Is October...'

I believe this correction is real and will last at least through year-end.

Jim Cramer: Is the Fed Right With Its Current Course of Raising Rates?

Jim Cramer: Is the Fed Right With Its Current Course of Raising Rates?

We are in the midst of earnings season where we can piece together a mosaic of what's really going on in the economy.

2 Dip-Buying Tips (Psst…One Involves Ford)

2 Dip-Buying Tips (Psst…One Involves Ford)

The other involves taking advantage of late-day rebalancing by ETFs.

Some Overnight Homework

* 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 ...

Tweet of the Day

Yesterday, I finally covered my General Motors short at under $32.85 (I had placed GM on my Best Ideas List at over $43 last year). More on "Peak Autos": Auto stocks in 2018... Fiat: -5% Toyota: -6% Nissan: -9% Tesla: -16% Volkswagen: -16% Honda: -1...

Jim Cramer: What the Heck Is the Fed Doing With This Autopilot Nonsense?

Jim Cramer: What the Heck Is the Fed Doing With This Autopilot Nonsense?

What are people doing talking about how strong the economy is without getting their hands dirty and speaking to CEOs?

Housekeeping Item

I have covered my longstanding short at $32.86. GM was placed on my Best Ideas List exactly one year ago at $43.43. At the time, GM was loved (by a number of high profile hedge funds) and certainly was not seen as a "Value Trap." Peak Auto seemed li...

Ford Navigates to Modest Gain on Columbus Day

Ford Navigates to Modest Gain on Columbus Day

Ford cruises to modest gain as it sets sights on a streamlined business plan.

Ford's Self-Driving Car Push Offers Promise of Future Growth

Ford's Self-Driving Car Push Offers Promise of Future Growth

Ford's push into self-driving offers hope for investors in the laggard automaker.

Jim Cramer: Rates Are Not Done Going Up Yet

Jim Cramer: Rates Are Not Done Going Up Yet

When rates get to where they have to go we are going to have a slowdown that will be regarded as stagflationary.

Tariffs Cast A Shadow On Ford's Turnaround

Tariffs Cast A Shadow On Ford's Turnaround

Tariffs could curtail a turnaround at the United States' largest auto-employer.

Days Like Today Remind Me of Why I Avoid Auto Stocks

Days Like Today Remind Me of Why I Avoid Auto Stocks

The best trades are the ones you don't make.

GM Seems to Be the Play

Autos and Semiconductors Autonomous driving. This is becoming a really big deal. By now, I am sure that most of you saw this morning's interesting news. Honda Motor would immediately invest $750 million in the Cruise autonomous vehicle unit of Gener...

Now at the Plate, Your Pinch Hitter, Bret Jensen!

It is good to be back standing in for Doug Kass this Friday with the Daily Diary. Hopefully we see the market follow up on Thursday's rally and end the trading week on a high note. It looks like overseas markets are mixed, with Asia closing largely ...

I'm Staying Away From Tesla on Musk SEC Probe: Market Recon

I'm Staying Away From Tesla on Musk SEC Probe: Market Recon

If Musk is barred from running this company, as with any sinking ship, the rats will finally flee.

A Look at the Firms With the Largest Changes in Third-Quarter Earnings Estimates

A Look at the Firms With the Largest Changes in Third-Quarter Earnings Estimates

John Butters and his FactSet team noted individual companies that have seen the largest changes in third-quarter earnings forecasts by sector.

The Investment Mosaic is Complex

"I never knew how easy the game of baseball was until I entered the broadcasting booth." - Mickey Mantle I am now watching CNBC "Fast Money" and their discussion of the merits of Intel . Intel, like Micron , is a continued example of how price momen...

GM Is Still A 'Value Trap'

General Motors hit another low this morning -- underscoring and putting an exclamation point to my "Peak Autos" thesis in place for over a year. My analysis suggests that there will be a large guidedown by the company ahead. GM remains on my Best Id...

How Hurricane Florence Could Affect These Stocks

How Hurricane Florence Could Affect These Stocks

Here are a few stocks that could take a residual hit in the third quarter.

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

Equities had a volatile day of trading Wednesday.

Avoiding Auto Stocks

This morning my pal Sarge makes the case that General Motors is attractive for a short term trade. General Motors, still a favorite of several prominent hedge funds, was placed on my Best Ideas List (short) at $43.43 in October, 2017 and closed yest...

GM May Be Ripe for a Trade: Market Recon

GM May Be Ripe for a Trade: Market Recon

The potential reward in GM as hurricane season arrives is now worth some risk.

Peak Autos (Redux)

New lows in Ford and General Motors . Ominous.

The Acne Market

I have said this before (and I have been wrong) - but I will observe again that the market's complexion seems to be changing. FANG (ex-Amazon ), the market's leading space, is faltering. Former market darlings like , , , (and many others) are fallin...

Fallen Angels ... and Lessons Learned

* There will be many more. "Hello I Mr. Ed. A horse is a horse, of course, of course, And no one can talk to a horse of course That is, of course, unless the horse is the famous Mr. Ed.   Go right to the source and ask the horse He'll give you the a...

An Apple-Tesla Deal Is Unlikely; Here's Why

An Apple-Tesla Deal Is Unlikely; Here's Why

Big Apple investor Warren Buffett pooh-poohs the combination, and with good reason.

Late Afternoon Market Observations

* The yield on the ten year US note has dropped a basis point to 2.81% and the 2s/10s spread has declined to a cycle low of 20 basis points. These are not economic friendly trends. * Autos are a wreck - I wouldn't bottom fish on these value traps ( ...