General Motors Co. NYSE: GM stock had a stellar 2024, rising nearly 50%. The company was outperforming all its peers like Ford Motor Co. NYSE: F and Stellantis N.V.
As officials meet with Russian counterparts in Saudi Arabia Tuesday to discuss ending the war in Ukraine, shares are climbing again.
General Motors is closing a plant this month in the northeastern Chinese city of Shenyang as part of the U.S. automaker's restructuring in China, according to a company source.
Portland General Electric Company POR will release its fourth-quarter financial results, before the opening bell, on Friday, Feb. 14, 2025.
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MCY's Q4 results reflect improved net premiums and higher average invested assets and cash, partially offset by wider catastrophe losses.
General Motors' discounted prospects are well warranted, attributed to the ongoing Cruise restructuring and the uncertainties surrounding its FY2025 performance. Much of the headwind naturally lies in the potential 25% import tariffs from Canada/ Mexico and 10% from China, given that ~49% of its components are sourced from these countries. This is on top of the potentially eliminated "$7,500 tax credit for EV purchases" and likely higher for longer inflationary pressure/ borrowing costs.
Toronto-Dominion Bank (TD) concluded the recent trading session at $59.95, signifying a -1.2% move from its prior day's close.
Dollar General's expansion is slowing, but the company remains a strong investment due to its rural focus and counter-cyclical resilience. Despite a significant earnings decline, Dollar General's strategic remodels and new product offerings position it for future growth. With a P/E multiple of 12.9x and a 3.2% dividend yield, DG shares offer potential for over 25% annual returns.
General Motors beat Q4 estimates, showing strong EV sales growth and market share gains, despite a dip in share price post-earnings. The company generated $14.9B in adjusted EBIT for FY 2024, driven by robust North American market performance and strong vehicle demand. General Motors submitted a decent guidance for FY 2025 and benefited from a 20% increase Y/Y in free cash flow in FY 2024.
General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of the workforce in Cruise, Bloomberg reported Tuesday (Feb. 4), citing an internal memo and unnamed sources.
General Motors is laying off roughly half of its employees who remain at its discontinued Cruise robotaxi business. The plans come two months after GM said it would no longer fund Cruise after spending more than $10 billion on the robotaxi unit since acquiring it in 2016.