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GM

GM - General Motors - hold before buyingNYSE:GM Technical Analysis: The market is in a trendless stage after a bearish trend. There might be a kind of Nonfailure Swing Pattern (Reversal Pattern) before the sideways trend. It might mean that the trend was ready to change direction. It could be seen as a bullish signal. Hold for now and wait the right signal to buy for a long and short term investment Fundamental Analysis: Still negative news around the Covid-19: a fear of a possible second wave of infection is in the "air". Good News: GM nears reopening of Mexican pickup plant (GM's three vehicle assembly plants in Mexico could resume operations next week following conditions set by the government)
NYSE:GMLong
by Mauriello
General Motors - GM Technical and Fundamental AnalysisNYSE:GM It might jump up, just wait for the right signal. Perhaps high volumes. Stochastic is in oversold.(it does not say really a lot - it can keep being in oversold) Based on the slope of the downtrend (retracement - too fast compared to the previous rally), I would be tented to follow Technical Analysis. Fundamental News: GM will report results for the first quarter before the market opens on Wednesday, May 6. Expectation: $0.47 a share profit on sales of $32.09 billion - but not as good as the last year (I can guess) The moves announced Monday follow other cash-saving measures taken at the beginning of April, when the company deferred 20% of salaried workers’ pay, cut top executive compensation and put 6,500 employees on leave.
NYSE:GMLong
by Mauriello
GM - DAILY CHART Hi, today we are going to talk about General Motors and its current landscape. General Motors is poised to receive increasing attention from the market as relevant events are taking place. The auto sector has signaled a yellow flag for the market as a confluence of data raises the inherent risk of the sector. The US Auto Loans Delinquent by 90 or More Days for the third quarter of 2019 edges a new record high of 4.71%; also the New York Fed survey of consumer credit has shown a spike in the rate of auto-loan rejections to 8.1% early this year, a discrepancy from 4.5% reported in the same period last year. A context that can represent an upcoming slowdown of sales on the sector and possible an increase in the risk of the company acquire bad debt, possibly implying in distressing days ahead for GM. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NYSE:GM
by Igor-Silva
New strikes = bad newsDespite the fact that GM is expectin things to be back to normal in a few more weeks, the strike cost General Motors has already reached $2 billion in production and cost employees nearly $1 billion in wages. One of the custimers said one vehicle was in the shop for 28 days waiting on one part to come in. Quick reminder: United Automobile Workers (UAW) has called strike against General Motors on September 15. The union represents some 46,000 auto workers who are striking for “fundamental rights of working-class people of this nation,” according to UAW vice president, Terry Dittes. The decision to strike came after a meeting Sunday morning at GM’s Detroit headquarters where nearly all of the 175 local union leaders present voted to strike. The strike does not affect Ford or Fiat Chrysler, which extended contracts with workers before the meeting...
NYSE:GMShort
by Market_Referee
GM: Short-term Long; Long-term ShortThis is not investment or trading advice. Always do your own due diligence. GM is obviously trading upward within a rising channel over the shorter term. I plan to trade the rises and falls, so long as it respects the channel. I do believe it will break to the downside ultimately. The company, over the longer term(10yrs) isn't going to be appearing in my portfolio unless it starts amortizing its debt more agressively. Right now they are agressively financing their expansion with debt and I'm personally not comfortable holding companies with more debt than equity.
NYSE:GM
by em2719
GM Powell Speech BetTwo Fed members have already signaled a reluctance to cut rates in Sept, but the market decided to melt back up today regardless. The Big Kahuna, Powell, talks tomorrow in Jackson Hole at 10am EST. Appears there are some that are expecting him to pump the market again because he did the last 3 speeches. Based on Fed meeting minutes and the other members, I don't see him pumping tomorrow. The plan is to buy puts now (half in case it continues the melt up), add tomorrow on open before the speech. Weekly GM options are cheap and have good liquidity. Note that this is basically an all or nothing bet, if the market goes up, you lose it all. Auto manufacturers are very rate sensitive, another option would be XLF (financial ETF). When betting for or against the Fed, find rate sensitive stocks or ETFs that have good liquidity and low premiums. Note: GM has a bear flag going
NYSE:GMShort
by hungry_hippo
GM Inverted H&SThe pennant was obviously a reversal pattern at this point, got a back test this morning and formed somewhat of an inverted H&S. In for some calls for a short term trade (probably until Monday). I'm bearish but money flows into the market in January, just like last year. More so because they took the money out last year, so the money has to go somewhere.... which is right back into the market. In any case, GM options have cheap premiums and good liquidity.
NYSE:GMLong
by hungry_hippo