Monday Madness: Trump Tackles GM's Latest Restructuring
TheStreet
Here's what you missed.

Happy Monday. 

Let's dive right in, because I know everyone is still suffering from their turkey (or other) hangovers. 

General Motor's Announces Plan to Cut Production

TheStreet's Anders Keitz broke down General Motors' announcement that it would shrink its North American footprint and tighten its belt elsewhere.

Shares of General Motors (GM)  surged after being temporarily halted on Monday following the Detroit-based automaker's restructuring announcement, which includes shuttering assembly plants and cutting jobs.

GM said no future products will be allocated to the Oshawa Assembly in Ontario, Canada, which makes the Chevrolet Impala; the Detroit-Hamtramck Assembly, where the Chevrolet Volt, Buick LaCrosse and Cadillac CT6 are produced; the Lordstown Assembly in Warren, Ohio, which makes the Chevrolet Cruze compact; the Baltimore Operations in White Marsh, Md., and the Warren Transmission Operations in Warren, Mich.

Jefferies analyst Philippe Houchois said the closure of the two powertrain facilities in Maryland and Michigan represents "the most aggressive downsizing of traditional powertrain capability."

The company also said that in addition to the previously announced closure of the assembly plant in Gunsan, Korea, it will cease the operations of two other plants outside North America by the end of 2019.

President Donald Trump told White House reporters that he spoke with GM's chief, saying that he was unhappy with the company's restructuring decision, and expects GM to put "something else" in Ohio, although it is unclear what he expects to go there.

Ask Jim: What's With Boeing?

Robert emailed in a question about whether or not it's time to sell Boeing (BA)  or to wait.

Jim Cramer responded that he believes that investors should hold shares of the plane company until later in the week.

He also gives his opinion on the recent scandals that Boeing's faced.

Ask Jim 

Got a question about the market? Reach out to me, @KatherineRooss, on Twitter or email her Katherine.Ross@TheStreet.com for a chance to have Cramer answer your question.

Protecting Your Retirement Portfolio

Mr. Retirement, aka Robert Powell, has advice for investors who are worried about this volatile market. 

We've seen this scary movie before. In 2000 and then again in 2008: The market starts to crater and retirees and those on retirement's doorstep start to panic as they watch their nest egg decline in value and along with it their standard of living.

On the one hand, they want/need to stay investing in stocks. But on the other hand, they want to protect their principal. What to do? What asset allocation do advisers suggest? What sectors/stocks offer downside protection with upside potential? Here's what advisers had to say.

Of course, it should go without saying but it also bears repeating that the key to any investment strategy, at any point of the investment life cycle, is in developing a specific plan and following it, period, says Christian Hyldahl, president and chief investment officer of Varium Investment Partners.

Once you've done that, preferably from Hyldahl's perspective, with the help of an investment adviser, you can assess the current situation.

"When was the last time the stock market hit all-time highs as interest rates were rising?" asked Hyldahl. "What did the stock market do as rates rose from a near-zero level? There are no -- or at best, few -- examples to look to in the past for our current situation."

Here are some of Hyadahl's strategies:

  • Throw Out Traditional Investment Dogma
  • Mean Reversion Is a Real Thing
  • Consider Insurance

But Hyadahl isn't the only expert Powell interviewed. he also spoke to Case Eichenberger, a senior client portfolio manager with CLS Investments.

You can find out what advice Eichenberger and Hyadahl have here

That's a Wrap

It's almost Friday, right?

Catch y'all later. 

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