Hertz pulls the plug on electric cars–especially Tesla
Hertz (HTZ) plans to sell a third of its U.S. electric vehicle fleet and reinvest in gas-powered cars. The company says the shift is due to weak demand and high repair costs for its electric vehicle fleet. Which is dominated by Tesla’s electric vehicles. Electric...
Sell GM and Ford sometime between now and December 13
On my subscription site JubakAM.com I added Step #7 to my Special Report: 8 Steps to Protect Your Portfolio from the Global Debt Bomb today. And my advice was to sell Ford and General Motors sometime between now and before the December 13 meeting of the Federal...
General Motors reports record revenue in fourth quarter and big beat on earnings
General Motors (GM) shares are up 8.34% as of the close today after the company reported a huge jump in earnings for the fourth quarter and the full year. For the quarter the car company reported adjusted earnings per share of $2.12 versus an expected $1.69, and...
GM investment pops shares of Lithium Americas by 14.60% today
Along with announcing a big earnings beat today, General Motors (GM) reported that it will invest $650 million in Lithium Americas to help fund the development of that company’s Thacker Pass lithium mine in Nevada. The Thjacker Pass mine is projected to be the...
It’s too soon to buy Tesla–stock drops another 12% on delivery “miss”
Tesla (TSLA) can’t win for winning. On Monday, while U.S. markets were, fortunately, closed, the company reported record quarterly deliveries for the fourth quarter of 2022 of 405,278 cars. Unfortunately, Tesla had convinced Wall Street to look for delivery of...
Please Watch My New YouTube Video: Quick Picks General Motors
Today I posted my one-hundred-ninety-ninth YouTube video: Quick Pick GM This week’s Quick Pick is General Motors (NYSE: GM). On Monday morning, October 25, GM announced third-quarter revenue earnings of $41.89 billion-slightly below the $42 billion that Wall...
Adding General Motors to my Jubak Picks Portfolio today
Yesterday I added General Motors to my 10 Perfect Stock Picks Special Report on my subscription JubakAm.com site. (If you want to subscribe, you probably got a 20% off offer in your email today.) Here’s what I wrote in that Special Report on the buy. My #4 Pick...
What to sell in a Bear Market rally–and two sells for Monday, Omnicom and Alcoa
I ended my recent post “This looks like the Bear Market rally I’ve been waiting for” on my subscription JubakAM.com site by saying “Enjoy the ride but look to sell shares of companies that look most exposed to the return of recession/high...
Will a 5% drop bring out the buy on the dippers? Not, I’d argue, until the People’s Bank makes a move
The Standard & Poor’s 500 fell another 1.70% today and it’s now down 3.94% from the September 2 high. As the index dropped last week (again) and over the weekend, lots of Wall Street money managers said Hey, stocks were over-valued and news from...
Take that Ford: GM will boost spending on electric and autonomous vehicles by 30% through 2025
General Motors (GM) will boost global spending on electric and autonomous vehicles to $35 billion through 2025. That’s a 30% jump over its last spending plan, Reuters reported today. The No. 1 U.S. automaker will build two additional U.S. battery plants and...
Selling GM out of the Jubak Picks Portfolio today
Automakers are scheduled to report first quarter sales numbers tomorrow with Ford Motor (F), Fiat Chrysler, and General Motors (GM) all expected to snow big declines. And the next quarter looks even worse. “There are basically no U.S. auto sales right now,” Adam...
Buying General Motors in my Dividend Portfolio
I don’t think the coronavirus stock market rout is over, but I do believe you have to be opportunistic about snapping up dividend yield during this correction. Today shares of General Motor (GM) were down another 2.12% as of 2:40 p.m. New York time. That brings...
Adding General Motors to my Jubak Picks Portfolio
Yesterday, December 16, I made General Motors (GM) Bargain Pick #7 in my Special Report: 12 Bargain Stocks Picks NOW. (That Special Report is available to subscribers to my JubakAm.Com paid site.) And I also added it to my Jubak Picks portfolio. On the bargain front,...
White House announces trade deal with Mexico to replace NAFTA
If you’re looking for a reason for U.S. stocks to keep climbing from current highs, this morning’s event at the White House is a big deal. President Donald Trump announced that the U.S. and Mexico have reached a bilateral trade agreement that would replace...
Sector Monday for Sector Monday Week: The U.S. auto industry turned upside down
Sector Monday is my regular (or occasionally regular) post on the investible trends in a timely sector. I’m filling the first of the two weeks while I’m on break in Sicily (it’s nasty work but some has to do it) with a week of Sector Monday posts....
Big declines in car sales argue for top in auto cycle
Even big sales incentives weren’t enough to prop up U.S. auto sales in March. Sales trailed estimates with sales at Ford Motor (F) and Fiat Chrysler Automobiles (FCAU) showing big drops of 7.2% and 4.6%, respectively. General Motors (GM) saw a smaller than...Really want to leverage the recovery of the auto industry? Try these 5 stocks of auto suppliers
U.S. automakers are back, baby. And so are their stocks. December vehicle sales in the U.S. climbed to a 12.5 million unit annual rate. That’s without help from “Cash for clunkers” or any other government subsidy program. And with relatively restrained incentives from...Auto sales support view U.S. economy is recovering
Look, Ma, no smoke and mirrors. Or not much anyway. That’s the best thing about the 11% growth in sales reported by automakers in the United States for December 2010 from December 2009. The seasonally adjusted annualized sales rate of 12.5 million didn’t depend on a...Update Johnson Controls (JCI)
General Motors’ stock offering turned out to be so popular that it was massively oversubscribed and the company increased the share price for its initial public offering to $33 a share. Doing some back of the envelope calculations and making assumptions that the...Auto sales stagnate in September
Be careful what you compare things to. If you compare U.S. auto sales in September 2010 to the horrendous sales of September 2009, the industry looks like it’s roaring ahead. If you compare sales for September 2010 to those from a recovering August, the industry is...Can China's auto market save GM? Do pigs fly?
So what do you do if you’re a car maker with a home market that’s not buying as many cars as it used to? If you’re General Motors (GM), you invest as fast as you can in making and selling cars in China. Great plan. So great that Toyota (TM), and Nissan, and Volkswagen...What GM's ads don't say: Taxpayers will take a loss on this bailout
So what about the rest of our money? Today General Motors is running ads patting itself on the back for repaying its taxpayer loans. “We’re proud to announce: We’ve repaid our government loan. In full. With interest. Five years ahead of the original schedule.”...February auto sales disappoint but no reason for panic
You can come up with lots of reasons why investors shouldn’t panic at the slide in February U.S. auto sales to a seasonally adjusted annual rate of 10.4 million. That was down from the seasonally adjusted 10.8 million sales rate in January 2010 although up from the...Could the auto industry actually be on the mend? October's numbers say Yes.
U.S. auto sales ran at an annualized rate of 10.5 million in October. That may not impress you if you remember that annual U.S.auto sales ran at 16 million units for nine straight years ending in 2007. That string came to an end in 2008 when auto sales ran at a 13.2...Exactly how much time do Ford and GM have for a comeback? Two model years at most, I'm afraid
Now it’s a horse, errgh, car race. The prize, market share in the U.S. car market, will go to the company that can get new models out the door and into showrooms fastest. That, and not the fate of low volume $40,000 bragging rights cars like the all-electric Chevy...Jim’s Daily Email Alerts:
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