JPMorgan Chase’s Views on General Motors



Price movement

General Motors (GM) has a market cap of $49.2 billion. It rose 1.4% to close at $31.85 per share on October 19, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.54%, 0.63%, and -2.8%, respectively, on the same day. GM is trading 0.31% below its 20-day moving average, 0.89% above its 50-day moving average, and 6.0% above its 200-day moving average.

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Related ETF and peers

The Guggenheim Multi-Asset Income ETF (CVY) invests 0.96% of its holdings in General Motors. The ETF tracks the Zacks Multi-Asset Income Index. The index aims to outperform the Dow Jones US Select Dividend Index using US stocks, ADRs (American depositary receipts), REITs, MLPs, CEFs (closed-end funds), preferred stocks, and royalty trusts. The YTD price movement of CVY was 9.0% on October 19.

The market caps of General Motors’ competitors are as follows:

  • Toyota Motor (TM) — $190.9 billion
  • Ford Motor (F) — $47.7 billion

Latest news on General Motors

TheStreet, citing Barron’s, reported that “JPMorgan analysts said they continue to see ‘deep value’ in shares of the automaker,” adding that “‘our stronger General Motors estimate is in large part a result of General Motors production having tracked stronger during the quarter.’” JPMorgan Chase rated General Motors as “overweight.”

Sales of General Motors in September 2016

General Motors’ (GM) sales performance in September 2016 was as follows:

  • General Motors reported total sales of 249,795 units, a fall of 0.60% from September 2015
  • GM reported retail sales of 204,449 units, a rise of 0.3% from September 2015
  • Chevrolet reported total sales of 170,237 units, a fall of 0.26% from September 2015
  • GMC reported total sales of 43,268 units, a fall of 8.7% from September 2015
  • Buick reported total sales of 20,922 units, a rise of 14.1% from September 2015
  • Cadillac reported total sales of 15,368 units, a rise of 3.1% from September 2015

GM has reported total sales of 2.2 million units year-to-date, a fall of 3.8% from last year. Next, we’ll look at Tupperware Brands (TUP).


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