#4 - General Motors (NYSE:GM)
General Motors (NYSE: GM) - It seems like few industries are affected by the sound bites that come out of Washington than the automotive industry. General Motors is no exception. Investors cheered GM's recent move towards cost-cutting designed to make them leaner and more flexible. However, that plan requires plant closings and job losses, which is drawing criticism from the White House as well as congressional leaders on both sides of the aisle who have constituents in states where plants are closing. Adding to the political risk for GM is the new Congress, where Democrats control the House of Representatives. There will likely be new legislation written that will attempt to enforce higher fuel-economy standards at the exact time that GM is turning its focus to its larger, more profitable vehicles. These potential risks, however, are not hurting the stock right now. GM is up over 10% YTD in the first month of 2019, whether it continues to rise will depend, in part, on its ability to avoid becoming the target of new legislation and rhetoric.
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
- $60.20
- Consensus Rating
- Hold
- Ratings Breakdown
- 11 Buy Ratings, 6 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $56.92 (5.5% Downside)
