Jim Cramer Says General Motors Is a Buy Despite Semiconductor Concerns
General Motors (GM) - Get General Motors Company Report posted stronger-than-expected fourth-quarter earnings.
GM said Wednesday that adjusted earnings for the final three months of the year were $2.8 billion, or $1.93 a share, vs. $72 million, or 5 cents a share, in the same period a year ago. Analysts polled by FactSet had been expecting earnings of $1.60 a share.
"Delivering GM’s exciting new chapter is a team that embraces diversity and inclusion, a safe workplace, and the commitment to create a better, safer and more sustainable world. I am deeply and personally engaged in this strategy, and I believe that our company’s strong values are a compelling advantage. They drive creativity, agility and so much more for our future. Like everything else we do, we will hold ourselves accountable and update you on our progress," said Mary Barra, CEO of GM.
Jim Cramer said GM is a buy despite concerns he has about the carmaker's access to semiconductors.
Watch Cramer outline those concerns:
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