How To Buy Gm Stock
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how to buy gm stock
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Valuing General Motors Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of General Motors Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Recently General Motors Company has paid out, on average, around 3.55% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.04% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), General Motors Company shareholders could enjoy a 1.04% return on their shares, in the form of dividend payments. In General Motors Company's case, that would currently equate to about $0.18 per share.
GM stock, after sinking in Tuesday's stock market action, managed to claw back a chunk of the day's lost ground after General Motors (GM) reported better-than-expected first-quarter earnings and raised guidance for the year.
That was before GM stock really revved up in January 2021, with the unveiling of its BrightDrop commercial van and FedEx (FDX) as its first key customer. Initial deliveries of the Hummer and BrightDrop van came in December.
The ongoing chip shortage, commodity inflation and higher interest rates have curbed Wall Street's near-term expectations for GM. However, the repricing of GM stock also reflects downsized longer-term expectations.
GM stock's relative strength line, the blue line in the chart provided that tracks a stock's performance vs. the S&P 500 index, shows it has lagged the market since June and has fallen to its lowest level since September 2020.
GM stock has a lousy 16 IBD Composite Rating out of a possible 100. The hit to earnings from Covid, the chip shortage and commodity inflation have distorted the picture.Yet there is undoubtedly lots of execution risk in relying on profits from gas-burning SUVs today to pave the way to an EV future. Competition from Tesla and other well-funded competitors will be intense.
GM stock is stuck near its lowest level since the fall of 2020 after Morgan Stanley's downgrade cast doubt on the likelihood of a smooth transition for GM to EVs from ICE vehicles. While further EV and self-driving strides could begin to unlock GM stock's potential, a long period of base-building is likely ahead.
Reporting $2.25 per share in profits and $41.9 billion, GM fell short of analyst projections for quarterly sales (Wall Street had expected to see $42.2 billion). Regardless, the profit GM reported was a full 20% ahead of expectations, sparking a mini-rally in GM stock. It rose 3.6% on earnings day, and a total of 6.8% in the three trading days since earnings came out.
The bump in stock price was not surprising, because GM delivered a whole lot more than just an "earnings beat" on Tuesday. Sales for the quarter surged an astounding 56% year over year. Vehicle sales by unit grew 17% year over year to 1.5 million, with the fastest growth being in South America (sales up 86%) and the greatest absolute growth in the all-important North American market -- 663,000 vehicles sold, for 27% year-over-year growth.
Look ahead, however, and the future seems pretty bright for GM stock. At the midpoint of predicted earnings -- $6.26 per share -- GM shares cost only 6.1 times current year earnings. For a blue chip stock that analysts believe will grow earnings at nearly 16% annually over the next five years, that's pretty darn cheap -- even before factoring in the company's modest 1% dividend yield.
GM stock also appears a pretty compelling bargain when valued on its finally reviving free cash flow. Assume the company hits close to the middle of its projected free cash flow range this year -- $8 billion -- and GM stock is trading for just under seven times FCF. Again, for a 16% grower with a 1% dividend, that price seems more than attractive.
Admittedly, with its share price down about 30% over the past 52 weeks, GM stock hasn't been a great investment in the recent past. But the way this business is performing, these low prices are not going to last. Simply put: This car stock is priced to move.
Doubts over slow-to-move stock prices and completely static revenues both haunt GM right now, with no clear sign when and if the company will emerge from its current state to start posting some positive stock numbers.
Ford (F 2.52%) and General Motors (GM 1.92%) have decades of experience manufacturing and selling cars. That experience may serve as an advantage in the competition for electric vehicle (EV) dominance. This video will answer which stock is the better buy.
I bought my first stock in 1966 and then obtained my BS in banking in 1971 and MBA in corporate finance in 1972 from NYU. A study cycles began in the same year. A 9-year psychotherapeutic training apprenticeship followed. Many of my concepts concerning crowd psychology derive from this period. From 1972 to 1990, I worked on both the buy and the sell sides of Wall Street. From 1990 to 2004, I was a technology fund manager, strategist, and a member of the currency hedging committee with the Abu Dhabi Investment Authority. Since 2004, I have operated a service from Vienna, Austria. I am a member of the Kenos Circle, a Vienna-based group of futurists. I combine fundamentals with cycles through unique software as an aid in market forecasting. The influence of cycle theorists such as Ed Dewey, Charles Jayne, George Lindsay, and R.N. Elliott have been most valuable.
I ditched corporate America in 1994 and started a management consulting and venture capital firm ( ). I began following stocks in 1981 when I was in grad school at MIT and first analyzed tech stocks as a guest on CNBC in 1998. I became a Forbes contributor in April 2011. My 15th book -- published in November 2020 -- is \"Goliath Strikes Back: How Traditional Retailers Are Winning Back Customers from Ecommerce Startups.\" I appeared eight times in the 2016 documentary: \"We The People: The Market Basket Effect.\" ( ). I also teach business strategy and entrepreneurship at Babson College in Wellesley, Mass. ( -Peter.aspx)
I began analyzing the financial markets in 1982 when I became the research director for a financial advisory firm and provided regular market analysis on stocks, commodities, currencies and mutual funds. I am a technical analyst. Much of my focus was on how obscure technical indicators or methods, could be applied to the financial markets and used as an effective trading tool. Many of the indicators I have used for years, such as Gerry Appell's MACD and Welles Wilder's RSI, have subsequently gained wide popularity. This page is devoted to sharing my insights and techniques in order to help you become a smarter trader/investor. Over the past twenty years I have traveled around the world several times, visiting all of the major financial centers as he taught professional traders and money managers my approach to the financial markets. My method of stock selection starts with a proprietary scanning method to select a group of individual stocks for more extensive analysis. This includes an in-depth study of the volume patterns that I use to determine the strength of a stock's trend. Those with the strongest trend, either up or down, are then further analyzed to determine entry, exit and risk levels. I use Fibonacci retracement, projection and extension analysis to determine both profit objectives as well as stops. 041b061a72