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GM stock hit a 52-week high of $61.24 in December and is up 47% year to date — far ahead of its Big Three peers. Ford's stock is down 15% in 2024, while Stellantis shares have dropped nearly 40%.
That changes the stock's investment thesis, as Travis Hoium covers in this video. *Stock prices used were end-of-day prices of Dec. 17, 2024. The video was published on Dec. 19, 2024.
It's also worth noting that even after GM's surge in 2024, the stock still trades at a paltry price-to-earnings ratio of 5.8 -- making it a screaming value right now. General Motors may have ...
General Motors continues to prove it's one of the best investments in the auto industry.
GM said today it will deliver some cost savings to help offset the higher labor costs. In the meantime, the company is taking a more cautious view on 2023 profits.
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If you're looking for the intersection of value and growth -- look no further than General Motors (NYSE:GM). But if you're going to hop on-board GM stock, remember to look both ways before you ...