Tesla (TSLA) isn't the only automotive manufacturer with an earnings report on the horizon. General Motors Co (NYSE:GM) will report quarterly results before the open tomorrow, while both Ford Motor (NYSE:F) and Stellantis NV (NYSE:STLA) also have reports coming next week. Below, let's take a closer look at how these auto stocks have performed lately.
GM's Impressive Lead
GM was last seen down 0.3% to trade at $49.02 today, after once again failing to close above the $50 level last session. The shares aren't too far from their July 18, two-year high of $50.50, and have added over 35% so far in 2024. Plus, GM boasts a 65.3% year-over-year lead.
The equity finished four of its last eight post-earnings sessions lower, including a 6.4% drop in July. GM averaged a move of 5% in the last two years, regardless of direction, but the options pits are currently pricing in a bigger swing of 8.3%.
Tough Times for F
F is down 1.1% to trade at $10.98 at last check. The security has traded firmly below the 80-day moving average and $11.40 level since July, after a series of bear gaps knocked it off its 12-month peak. Shares have shed more than 22% in the last three months, and are down 8.7% for the year.
Ford will report earnings after the close on Monday, Oct. 28. The stock finished five of its last eight post-earnings sessions lower, averaging a next-day swing of 6.2%, regardless of direction. This time around, the options pits are pricing in a similar move of 6%.
STLA Near 2-Year Lows
Compounding its 44.6% year-to-date deficit, STLA was last seen down 2.5% to trade at $12.94. The stock is dangerously close to its Oct. 11, two-year low of $12.74, and hasn't closed above its 60-day moving average since April. In addition, a new ceiling could be emerging at the $14 level.
Stellantis is expected to announce quarterly results before the open on Thursday, Oct. 31. The stock finished four of its last five reports higher, averaging a post-earnings move of 5.2%, regardless of direction.
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