General Motors Stock News

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Tuesday Market Open) Equity index futures are mixed before the bell on Tuesday with another relatively light news day. There are several earnings announcements but not many companies that are likely to have a far reaching effect. Thursdays Consumer Price Index (CPI) could be spark that provides some excitement this week. One large company reporting earnings this morning is Pfizer (PFE). The company missed on revenue but was still able to beat earnings estimates. However, the company offered a lower earnings outlook which has prompted the stock to fall 3.18% in premarket trading. Investors are also concerned that PFEs vaccine-related earnings will slide as COVID-19 cases decline and the economy reopens. Motorcycle maker Harley-Davidson (HOG) was revving up before the bell with the stock up 6.87%. The company reported a surprise profit against analyst expectations of a loss.

GM looks poised to test and break its August/September lows.GM

Morgan Stanley analyst Adam downgraded the car maker''s stock to Hold from Buy. HIs price target went to $55 a share from $75.

General Motors shares slumped lower Tuesday after analysts at Morgan Stanley cut their rating and price target on the carmaker, citing doubts over its near-term effort to ramp up electric vehicle production.

The downgrade was due to GM''s 2022 guidance being "well below" Morgan Stanley''s forecast as well as concerns over the pace of the automaker''s EV transition.

Several Club stocks were making news as we headed into the opening bell.

Auto makers try to curb the practice of adding fees to the suggested retail price, saying tactic could cost dealerships future vehicle inventory

GM Dips After Morgan Stanley''s Jonas Cuts Price Target, Raises Concerns About EV Execution Risk General Motors shares are down about 3% in pre-market trading today after Morgan Stanley analyst and professional Tesla bull Adam Jonas cut his rating on the name to equal-weight, from overweight. Jonas'' cut to his earnings estimates were the steepest cuts he has made since the beginning of the pandemic, Bloomberg wrote on Tuesday morning. The Morgan Stanley analyst raised concerns about execution risk to GM''s plan to roll out its electric vehicle future, claiming that: “2022 will see new product introductions but we expect a relatively small volume impact.” And despite having a $1300 target on Tesla, which would represent a P/E of over 200x at current earnings levels, Jonas is able to talk himself out of investing in a forward P/E of just 6.8x for General Motors: Jonas put a $55 price target on the company, which is actually an increase from his last price target, but far below the consensus estimate average of $76.

NVDA slipped on the official death of its Arm merger. PFE declined on earnings news. GM fell on an analyst''s downgrade. CHGG got a boost from its quarterly results.

Markets closed down slightly on Monday and got off to a mixed opening Tuesday. Here''s a look at the stocks that were winning and losing in the premarket trading session.

Earnings are due after the market close from Lyft, Chipotle Mexican Grill and Peloton Interactive.

Morgan Stanley dropped its rating on General Motors (GM) to Equal-weight from Overweight in a ratings cut that is in reaction to the guidance issued by the automaker last week. Read more.

Stocks Analysis by Zacks Investment Research covering: General Motors Company, Ford Motor Company, Cummins Inc, Meritor Inc. Read Zacks Investment Research''s latest article on Investing.com

Tesla Inc. hired 28,533 employees in 2021, to boost its workforce by 40.3%, according to the electric vehicle maker''s annual report. In a 10-K filing with the Securities and Exchange Commission late Friday, Tesla said as of Dec. 31, 2021, the number of full-time employees it and its subsidiaries had worldwide was 99,290, which compares with 70,757 at the end of 2020. The company said it considers its relationship with employees as "good," as it has not experienced any work stoppages as a result of labor disputes. In comparison with other automakers, General Motors Co. said it had 83,000 (53%) hourly employees as of Dec. 31, 2021 and had 74,000 salaried employees for a total of 157,000, up 1.3% from 155,000 total employees in 2020, including 87,000 hourly and 68,000 salaried employees. Ford disclosed late Friday that it had about 183,000 employees, down 1.6% from 186,000 a year ago. Over the past 12 months, Tesla stock has gained 8.3%, GM shares have lost 5.7% and Ford''s stock has soared 56.0%, while the S&P 500 has rallied 15.8%.

Accumulation has now fallen to the lowest low since August 2020, when GM was trading in the mid-20s.