Why General Motors (GM) Stock Is Up Today

NEW YORK (TheStreet) -- General Motors (GM) was gaining 1.6% to $35.03 Thursday on news that vehicle sales grew 7% in April 2014.

Fleet sales increase 5% from the year-ago period, and retail sales increased 8% in the month. Sales of both the Chevrolet and Cadillac brands increased 5%, while Buick sales increased 12% from the year-ago period.

"Retail demand was steady in April, and truck sales and transaction prices were especially strong," Kurt McNeil, U.S. vice president of Sales Operations said in a press release. "As we expected, the economy continues to strengthen. In addition, our award-winning new products are performing well, we have more on the way and our dealers are winning accolades for outstanding service."

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TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate GENERAL MOTORS CO (GM) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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