GM has shown an ability to outperform both the S&P500 and the auto industry, recording an 8.25% increase in the last year. In addition, their dividend payout provides for a steady stream of income at a yield of 3.79%. In terms of continued profitability, GM has enough cash to push through tariffs and increased competition, and is trading at a relatively low P/E...
trump announcement on EU trade 1:45 est. i think he targets german manufacturing aka auto manufacturing in particular over iranian oil imports. lets see if im two for two on the tariff front
Coming off an overbought condition with MFI divergence. Going for a one day all or nothing deal with weekly puts.
Auto sector looks weak today, down when the market is up big. Looks like a sector rotation out of autos.
I have no idea why this is going pumptarded, but it's overbought on the intraday and pretty close on the daily.
Small position in weekly puts, already dropped 12c since I bought them....
Note: This may be a day trade or a quick flip tomorrow morning.
GM is going to move big one way or the other on Mexico. I bought puts this morning, but this would be a good spot for a straddle. I might hedge at the end of the day and buy some calls.
The other obvious Mexico play is EWW.
Things got oversold and we got an afternoon pump. I think the market wants to close the gap by Friday, you could've gone long on anything and made money. Market moved quicker than I could post, already dumped some of my long positions. I think tomorrow is gonna be a small up day. Holding a few stocks overnight.
I like playing with GM options, premiums are...
Fords jump on earnings last week has increased speculation that GM may follow in its footsteps. Looking at the long term chart the trend would be higher but faces strong resistance at $41.50 - $42 , until that level breaks on considerable volume we are not convinced. Ford took some radical moves over the last year to cut costs, reduce inventory and product ranges...
$GM reached and is being rejected by the strong rounded number resistance $40 which is aligned with the triangle top. Look for the downside reversal from here.
The 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.......
General Motors Co designs, builds and sells trucks, crossovers, cars and automobile parts worldwide. The Company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). GM North America (GMNA) and GM International (GMI) are its automotive segments. GMNA and GMI are meeting the demands of customers with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC and Holden brands. Its brands offer luxury cars, crossovers, sport utility vehicles (SUVs) and sedans. The Company’s Car-and Ride-Sharing Maven is a shared vehicle marketplace. Through its subsidiary, OnStar, LLC (OnStar), it provides connected safety, security and mobility solutions for retail and fleet customers. GM Cruise is its global segment engaged in the development and commercialization of autonomous vehicle technology.
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GM
