#5 - General Motors (NYSE:GM)
General Motors Inc. (NYSE: GM) is a more direct play on the expected growth in the domestic auto industry. Trump has made no secret of his intention to protect U.S. automakers from the threat posed by foreign competition. The objective is not only to continue making Chinese cars more expensive in the United States but also to make it easier for GM to sell into China and other countries.
In a challenging industry, GM has taken steps to “right-size” its inventory. That makes the company competitive in the types of internal combustion engine (ICE) cars that consumers prefer (i.e. trucks and SUVs) while also advancing its efforts in electric vehicles (EVs) and autonomous driving technology.
GM stock is up 53% in 2024, which extends the run in the stock that began in 2023. And with a forward price to earnings of 5.2x, General Motors is offering value that may be too good to pass up.
About General Motors
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.
Read More - Current Price
- $55.60
- Consensus Rating
- Hold
- Ratings Breakdown
- 11 Buy Ratings, 6 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $56.92 (2.4% Upside)
