General Motors (GM): Today's Pre-Market Leader Stock

Trade-Ideas LLC identified General Motors (GM) as a pre-market leader candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

General Motors

(

GM

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified General Motors as such a stock due to the following factors:

  • GM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $444.8 million.
  • GM traded 94,081 shares today in the pre-market hours as of 9:28 AM.
  • GM is up 2.3% today from yesterday's close.

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More details on GM:

General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. The company operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments. The stock currently has a dividend yield of 5.4%. GM has a PE ratio of 5. Currently there are 7 analysts that rate General Motors a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for General Motors has been 11.9 million shares per day over the past 30 days. General has a market cap of $44.5 billion and is part of the consumer goods sector and automotive industry. The stock has a beta of 1.61 and a short float of 2.1% with 2.14 days to cover. Shares are down 16.5% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates General Motors as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Automobiles industry. The net income increased by 106.7% when compared to the same quarter one year prior, rising from $945.00 million to $1,953.00 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 10.6%. Since the same quarter one year prior, revenues slightly increased by 4.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Automobiles industry and the overall market, GENERAL MOTORS CO's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • GENERAL MOTORS CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, GENERAL MOTORS CO increased its bottom line by earning $5.99 versus $1.64 in the prior year. For the next year, the market is expecting a contraction of 5.3% in earnings ($5.67 versus $5.99).

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