China is taking a one-two punch to the gut as the nation’s previously high-flying economy begins to weaken. First, the stock market there is suddenly collapsing after a major boom. Then just as things are looking bad, the auto industry posted its first sales drop in over two years.According to Bloomberg, citing figures from the China Passenger Car Association, vehicles […]
Industrials
General Motors Company (GM) Stock Trading At 10.5% Discount: Citi
Citi analysts believe General Motors Company stock should trade higher; boost price target to $50
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By: Larry DarrellPublished: Mar 10, 2015 at 1:18 pm EST
In a report published Tuesday, Citi lifted its price target on General Motors Company (NYSE:GM) stock by $1 to $50, and reiterating a Buy rating. The sell-side research […]
Friendly Reminder from Blain: Tonight I will be streaming live from 9:30 PM – 11:00 PM EST on http://ticker.tv/stockjunkie. Will be going through several hundred charts, running some screens, and talking about the market. I will also be streaming tomorrow morning from 8:30 AM – 10:00 AM. Join me!Indexes in the U.S. opened down as big selloffs in […]
However, shares of General Motors Company (GM – Analyst Report) dropped 4.5% after the company reported second quarter 2014 adjusted earnings of 58 cents per share, missing the Zacks Consensus Estimate of 78 cents per share. The auto manufacturer reported disappointing second-quarter results largely due to recall costs that chopped $1.5 billion from the company’s bottom line. Further, the company […]
Given the vast amounts of data that will be collected by the cars of the future, strict protections are needed to prevent government intrusion, the chairman of Volkswagen Group said on Sunday.“The car must not become a data monster,” Martin Winterkorn said, at the start of the CeBit trade show in Germany. Car makers already protect drivers from hydroplaning, fatigue […]
