General Motors Expects Growth in Brazil

General Motors (GM) has a market cap of $49.0 billion. It fell 0.91% to close at $31.73 per share on November 8, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.79%, -1.3%, and -3.2%, respectively, on the same day. GM is trading 0.23% above its 20-day moving average, 0.17% above its 50-day moving average, and 4.9% above its 200-day moving average.

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 9.1% on November 8. The market caps of General Motors’ competitors are as follows:

• Toyota Motor (TM) — $191.4 billion
• Ford Motor (F) — $45.8 billion

In a press release on November 8, 2016, General Motors reported that it “expects sales of new cars and light trucks in Brazil to rise to 2.4 million in 2017 from an estimated 2.1 million this year, an executive said on Tuesday.” According to Carlos Zalenga, the head of GM in Brazil, “we believe the market will accelerate in the second half of next year.”

General Motors’ (GM) sales performance in October 2016, compared with October 2015 data, was as follows:

• General Motors reported total sales of 258,626 units, a fall of 1.7%
• GM reported retail sales of 208,290 units, a rise of 2.5%
• Chevrolet reported total sales of 181,964 units, a fall of 0.82%
• GMC reported total sales of 42,668 units, a fall of 6.2%
• Buick reported total sales of 20,046 units, a rise of 7.4%
• Cadillac reported total sales of 13,948 units, a fall of 9.4%

GM has reported total sales of 2,471,023 units YTD, a fall of 3.6% year-over-year. Next, we’ll look at Apple (AAPL).