General Motors Co (GM): Today's Featured Automotive Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day down 0.4%. By the end of trading, General Motors fell $0.58 (-1.6%) to $36.37 on average volume. Throughout the day, 14,054,403 shares of General Motors exchanged hands as compared to its average daily volume of 13,381,200 shares. The stock ranged in price between $36.16-$36.90 after having opened the day at $36.79 as compared to the previous trading day's close of $36.95. Other companies within the Automotive industry that declined today were:
Hyster-Yale Materials Handling
(
), down 2.9%,
China Zenix Auto International
(
), down 2.6%,
(
TheStreet Recommends
), down 2.5% and
(
), down 2.4%.
General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. General Motors has a market cap of $51.8 billion and is part of the consumer goods sector. Shares are up 29.9% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate General Motors a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
General Motors
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full General Motors Ratings Report.
On the positive front,
(
), up 3.7%,
(
), up 3.4%,
(
), up 2.7% and
(
), up 1.7% , were all gainers within the automotive industry with
(
) being today's featured automotive industry leader.
- Use our automotive section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider
Consumer Discretionary Sel Sec SPDR
(
) while those bearish on the automotive industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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