GM is up today, here’s why

General Motors Company (GM) has risen 8.38% while the S&P 500 is lower by -0.2% as of 1:20 PM on Friday, Jan 11. GM has gained $2.91 from the previous closing price of $34.73 on volume of 21,393,773 shares. Over the past year the S&P 500 is down -6.36% while General Motors Company is lower by -14.82%. GM earned $5.21 a share in the most-recent quarter, giving it a price-to-earnings ratio of 7.19.

General Motors raised its adjusted earnings guidance for 2018 and 2019 today. GM’s CEO Mary Barra said the company has strong expectations for sales in China that contribute to a positive outlook for 2019. GM also said that the Cadillac line will become the company’s lead electric vehicle brand.

Stock Score Report, InvestorsObserver’s proprietary scoring system gives GM a score of 61 out of a possible 100. That score is based on three component scores. A fundamental score of 73, a long-term technical score of 61 and a short-term technical score of 48. Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.

The major indices are on the decline. The S&P 500 is down -0.2% to 2,591.50. The Dow Jones Industrial Average is lower by -0.42% to 23,900.37. The NASDAQ is lower by -0.46% to 6,954.05.

Symbols: GM

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