Business News

Because the GM stock has hit hard on earnings

General Motors’ (Gm) Hot stock sprayed a leak after its last report to earn on Tuesday.

Auto giant shares is falling as much as 11% Tuesday and closed 9%. Marked the worst day for stock, by 2020 of March. The stock Shed another 1% through trade of wednesday.

The stock had earned 50% in 2024 as gm would quickly transferred to billions of slash in costs and recovery. I am The results also consistent beats the analysis.

“Stock has hit tuesday (Tuesday) for different reasons but the lack of steel purchase announcement has loved great,” auto analysts explained John Murphy in a note to clients wednesday.

GM has repaired more than $ 7 billion in 2024 and over $ 11 billion of the reduction bar profits and, for extension, support higher stock.

While Murphy believes the market reaction has been a host of reasons so the GM’s stock could stay in the penalty box for the near Term.

“We’ve heard a number of factors that appear in the market: 1) Enforcement is not jailed to reduce to reduction – Ira / 2) Negs of the Quarter and concern about this will have a lot of EVs in 2025 , 3) concern of the largest price of the product of -1% to -1.5% be advertised soon). “

Fare especially hanging on the auto sector stock and their assessments.

Auto industry is responsible for 26% imports from Mexico to US and 12% from Canada, UBS search of UBS.

GM Products highly professible trucks in Mexico and shores in the country to make Evs as the Chevy Blazer and Cadillac Optiq. Has five large assembly plants in both countries.

Rivale forf (F) Factory 12% of their products in Canada and Mexico.

“We’ve made a lot of scheduling and knowing the clothes we can tear off. But having the opportunity to talk with a strong manufacture of manufacture,” GM CHAT Maria Barra said yahoo finance on tuesday (video above).

GM said that assumes a “steady” policy environment, to Murphy’s point, may have a deer investors who witness something but stable from the new trump administration.

Also, the guidance of 2025 eps of $ 12 to $ 12 to $ 12 to predictions for $ 10.75 but not assuming any additional fees.


https://s.yimg.com/ny/api/res/1.2/73NgeK35p1jJd6F6u1NimQ–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://s.yimg.com/os/creatr-uploaded-images/2025-01/82d5cff0-de5d-11ef-bf57-36ad08cbadfb

2025-01-29 19:54:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button