InvestorsKeyhole Morning News Leader

General Motors gaps higher on better than expected guidance numbers

General Motors Company (GM) is up 8.0% Friday. The stock gapped higher after the company announced that it expects 2018 adjusted earnings to top previous estimates and forecast 2019 earnings above Wall Street estimates. The company forecast 2019 earnings in a range of $6.50 to $7.00 per share, above the $5.86 analysts forecast.

General Motors Company (GM) is a US automaker.

Caesars Entertainment Corporation (CZR) and Tilray, Inc. (TLRY) top the list of other companies with positive news today, while Activision Blizzard, Inc. (ATVI) and Weight Watchers International, Inc. (WTW) top the list of companies with negative news.

Already a member?

Login to see your Morning News Leader Trade Idea.

Not yet a member?

You can receive four timely bull-put credit spreads each market day by joining our InvestorsKeyhole Daily Trade Alerts Service. Our analysts scour the news looking for unusual options activity, how insiders are trading, and breaking news, and publish trades accordingly.

Become A Member

GM
About General Motors Company

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under three segments: GM North America, GM International, and GM Financial. The United States now has four brands instead of eight. The company remains the market leader in the U.S. with 17% share in 2018. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

  • Last Price:
    $36.26
  • Previous Close:
    $35.50
  • Change:
    $0.76 (2.14%)
  • Open:
    $35.47
  • Volume:
    9,215,338
  • Average Volume (100 Day):
    8,074,844
  • Market Capitalization:
    $51.8 B
  • Day's Range:
    $35.17 - $36.56
  • Dividend Yield:
    4.28%
  • 52-week Range:
    $42 - $30.56
  • P-E:
    5.50
  • EPS:
    $6.29
  • Earnings Date:
    10/30/19
  • Ex Dividend Date:
    9/5/19
  • Sector:
    Consumer Cyclical
  • Industry:
    Auto Manufacturers
  • Analyst Average Recommendation:
    Moderate Buy

Download this step-by-step guide on placing InvestorsKeyhole Daily Trade Alerts.

How to place a credit spread

How to place a vertical debit spread

|

You May Also Like