80 stories mentioning GMUpdated 13d ago
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General Motors (GM) has an average rating of overweight and mean price target of $102.83, according to analysts polled by FactSet.Price: $87.05, Change: $+0.78, Percent Change: +0.90%
Detroit's automakers plan to argue to the Trump administration that certain proposals floated as part of an update to the US-Mexico-Canada Agreement could cost them billions of dollars and make them less competitive with foreign rivals, Reuters reported Thursday, citing two automakers' estimates.Among the most contentious proposals, is Washington's demand that, in order to qualify for a lower tariff, a vehicle must contain at least 50% US-made content, the report said.That condition, pared with another proposal to increase overall North American vehicle content from the current 75% level, would add at least $2 billion in costs annually for each Detroit automaker, the report said, citing the estimates.General Motors (GM), Ford (F) and Stellantis (STLA) didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $86.84, Change: $+0.08, Percent Change: +0.09%
Detroit Automakers Fear USMCA Revamp Could Cost Them Billions, Reuters Reports
Canadian officials are considering a proposal in which Canada would accept US auto tariffs in exchange for a lowering on tariffs for vehicles compliant with the US-Mexico-Canada Agreement, The Globe and Mail reported Wednesday, citing three sources on both sides of the border.The proposal would also leave an exemption unchanged for the value of American content in cars exported from Canada, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $87.21, Change: $-2.14, Percent Change: -2.40%
Canada Mulls Proposal on Auto Tariffs, Presses US for Relief, Globe and Mail Reports
Dauch (DCH) faces several headwinds in the second half of 2026, including the phased launch of General Motors' (GM) next-generation light-duty pickup truck, RBC Capital Markets analysts said in a Friday note.The analysts said that seasonality is also expected to weigh on production in H2, with volumes in North America and Europe set for a sequential decline of 4% and 8%, respectively.RBC said these pressures will be partially offset by synergy capture following its acquisition of Dowlais Group and a decline in restructuring cash payments.The analysts said that primary growth drivers for Dauch are the GM truck launch and continued synergy ramp toward the $180 million target by the second year.RBC said that the company's Investor Day in November could be an important catalyst for the stock.RBC has an outperform rating and a $11 price target on the stock.Price: $6.69, Change: $+0.34, Percent Change: +5.28%
General Motors (GM), EVgo (EVGO), and Pilot said Tuesday that their electric vehicle fast-charging network has exceeded 300 locations with 1,300 fast-charging stalls across 40 states in the United States.The companies said that the network now spans approximately 75% of the contiguous United States, covering more than 2.2 million square miles.Price: $86.37, Change: $-1.32, Percent Change: -1.50%
Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 3.3%.In sector news, US consumer sentiment jumped in July amid broad-based gains across demographic groups, while year-ahead inflation expectations eased, final results of a survey by the University of Michigan showed Friday. The main sentiment index increased nearly 12% sequentially to 55.2 this month. The gauge for current economic conditions jumped to 54.8 from 47.7, while the index of consumer expectations advanced 9.3% to 55.4, according to the survey.New York Attorney General Letitia James and New York Governor Kathy Hochul sued Kalshi on Friday, alleging its prediction market platform operates as an illegal gambling business under state law. The lawsuit claims Kalshi allows users, including those under 21, to place bets on uncertain events without a state gaming license, violating New York gambling laws.In corporate news, Newell Brands' (NWL) Q2 earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years. Its shares jumped past 11%.California Governor Gavin Newsom has expressed concerns about the effect on state employment should the state's lawsuit result in the blocking of Paramount Skydance's (PSKY) acquisition of Warner Bros. Discovery (WBD), The Wall Street Journal reported. The governor's office has encouraged Attorney General Rob Bonta's office to find an out-of-court resolution, the report said. Paramount shares rose 1.5%, and Warner added 2.9%.General Motors (GM) intends to launch an in-vehicle AI system later this year, CNBC reported Friday, citing an interview with Anna Santos, GM's director of product management of voice and AI/machine learning. GM shares were up 0.3%.T-Mobile US (TMUS) executives have informed Deutsche Telekom, its controlling shareholder, that they no longer support a proposed $300 billion merger between the two companies, Semafor reported. T-Mobile US shares were down 0.5%.
Mark L Reuss, President, on July 28, 2026, sold 71,079 shares in General Motors (GM) for $6,394,978. Following the Form 4 filing with the SEC, Reuss has control over a total of 92,293 common shares of the company, with 92,293 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1467858/000149236226000012/xslF345X05/wk-form4_1785357033.xml
Christopher Hatto, Vice President & Chief Accounting Officer, on July 28, 2026, sold 6,895 shares in General Motors (GM) for $620,550. Following the Form 4 filing with the SEC, Hatto has control over a total of 18,899 common shares of the company, with 18,899 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1467858/000129215326000010/xslF345X05/wk-form4_1785357143.xml
General Motors (GM) has an average rating of overweight and mean price target of $101.48, according to analysts polled by FactSet.
All three major US stock indexes were down in late-morning trading Thursday, as Alphabet (GOOG) and Tesla (TSLA) stocks were down after the two tech giants announced increased spending in artificial intelligence.In company news, Alphabet reported Q2 earnings late Wednesday of $9.11 per diluted share, up from $2.31 a year earlier, and above the FactSet consensus analyst estimate of $2.88. Q2 revenue was $119.80 billion, up from $96.43 billion a year ago and above the FactSet consensus of $117.06 billion. Alphabet's Q2 capital expenditure doubled year over year to $44.92 billion from $22.45 billion, bringing total capital spending for the first six months of the year to $80.60 billion. The company revised its 2026 capital expenditure forecast to between $180 billion and $190 billion in April, up from its previous estimate of $175 billion to $185 billion. Alphabet shares were down 7% around midday.On Thursday, Alphabet's Google was fined a total of 890 million euros ($1.04 billion) by the European Commission after the regulator found the company violated the Digital Markets Act. The Commission fined Google 460 million euros over its Google Search practices and 430 million euros for restricting app developers from steering users to alternative purchasing channels outside Google Play. The European Commission ordered Google to end the violations within 60 days by treating third-party services fairly in search rankings and allowing app developers to freely communicate and promote offers outside Google Play, with failure to comply resulting in periodic penalty payments of up to 5% of Google's total worldwide turnover. The company said it is reviewing the decision and evaluating all options, including an appeal.Tesla (TSLA) reported Q2 adjusted earnings late Wednesday of $0.33 per diluted share, down from $0.40 a year earlier and below the FactSet consensus analyst estimate of $0.55. Q2 revenue was $28.24 billion, up from $22.50 billion a year ago and above the FactSet consensus of $26.42 billion. Operating expenses jumped 47% on a yearly basis to $4.35 billion and rose sequentially as well. The auto manufacturer ended the quarter with a negative free cash flow as capital expenditures "more than doubled" from the previous three-month period, Chief Financial Officer Vaibhav Taneja said during an earnings call,. The company continues to expect its capital expenditures to be at over $25 billion this year, the CFO added. "[Capital expenditures] will grow for the next two or three years as we expand our Robotaxi fleet, expand our production capacity for Optimus, make investments for semiconductor fab, install solar manufacturing capacity and AI compute infrastructure in addition to all the other expansions we'll do for other manufacturing for automotive," Taneja told analysts. Tesla shares were down 14%.Intel (INTC) and Advanced Micro Devices (AMD) are signing longer-term contracts to sell data center processors, or chips, to China-based server customers, Reuters reported Thursday, citing two unnamed sources familiar with the talks. China is also building out data centers, which require not only advanced chips, but also memory chips and central processing units, according to the report. China-based chip buyers are looking to lock in supplies in one- to two-year supply contracts, which do not fix prices, the report said. Intel shares were down 1.8%, while AMD shares were down 2.3%.RTX (RTX) reported Q2 adjusted earnings Thursday of $1.89 per diluted share, up from $1.56 a year earlier, and above the FactSet consensus analyst estimate of $1.66. Q2 net sales were $24.71 billion, up from $21.58 billion a year earlier and above the FactSet consensus of $22.89 billion. The company raised its 2026 adjusted EPS guidance to between $7.10 and $7.25, from the previous range of $6.70 to $6.90. Analysts polled by FactSet expect $6.95. RTX shares were up 7.5%.IBM (IBM) said Thursday that it signed a definitive agreement to acquire research and development institution HRL Laboratories from joint owners Boeing (BA) and General Motors (GM). Financial terms were not disclosed. Boeing and GM will continue to partner with IBM on quantum applications and advanced technology development. HRL's expertise in silicon-spin qubits and quantum sensing will support IBM's quantum computing plans, IBM said. The transaction is expected to close by the end of Q3. IBM shares were up 0.7%, Boeing shares were 0.3% lower, and General Motors shares were down 3.3%.Price: $318.15, Change: $-23.76, Percent Change: -6.95%
General Motors (GM) is expected to see improved results in 2027, supported by stronger pricing and mix from next-generation full-size pickups, higher output on full-size SUVs following the shift of Escalade production to Orion, and continued warranty improvements, UBS said in a note emailed Wednesday.The gains are expected to be partially offset by commodity costs and the non-repeat of IEPPA recovery benefits, the firm said.UBS sees digital services opportunity as a more material contributor beyond 2027, according to the note.UBS said it estimates Q3 earnings before interest and taxes at about $4.4 billion with volumes marginally higher sequentially.UBS adjusted its 2026 and 2027 EPS estimates to $13.90 and $15.67, respectively, from $13.34 and $15.72, reflecting an increased buyback assumption on strong expected free cash flow, while its 2027 EBIT forecast was trimmed modestly.UBS maintained its buy rating on GM stock with a $102 price target.Price: $81.75, Change: $+2.23, Percent Change: +2.80%
General Motors (GM) delivered a "clean" Q2 beat and raised its 2026 EBIT guidance, while offering positive commentary on 2027 outlook, Morgan Stanley said in a note Wednesday.The report pointed to stronger pricing and cost management for the beat, and added that the higher EBIT guidance was driven by better pricing and improved warranty costs.The note also said the first high level outlook for 2027 indicates growth in revenue, EBIT, and free cash flow due among others to improving EV profitability, and digital revenue.However, the positive factors may be partially offset by the impact of higher commodity and computer memory costs as well as incremental tariff headwinds, it said.Still, the report said its software and services business has the potential to drive a "significant" re-rating in the shares.Morgan Stanley raised its price target to $101 from $100 while keeping its overweight rating on GM.Price: $82.61, Change: $+3.09, Percent Change: +3.89%
(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes rose in a broad-based rally, as chipmakers boosted technology to the top of sector charts and helped offset a move higher in crude oil amid renewed threats of more hostilities in the Middle East.The Nasdaq Composite jumped 1.3% to 25,837.21, with the S&P 500 up 0.9% to 7,509.20 and the Dow Jones Industrial Average higher by 0.7% to 52,224.64 on Tuesday. Technology was the standout performer, up 2.4%, followed by energy. Consumer staples and communication services were the sole decliners.Out of the top ten companies with a market capitalization of more than $200 billion each, all but one were from the technology sector, according to data compiled by Finviz. Within that tech dominance, seven were from semiconductors and semiconductor equipment and materials industries, including Intel (INTC).Intel is planning to lay off workers within its data center group, Business Insider reported Tuesday, citing a company spokesperson. Separately, RBC Capital Markets said in a note that Intel is expected to report a decent Q2 supported by server CPU demand and pricing momentum. Intel's shares surged 8.6%, one of the top gainers on the S&P 500 and the Nasdaq."Stock traders have shrugged off the news from the [Iran] War in favor of buying the chip makers again, presumably on the hope that the AI hyperscalers, when they report Q2 earnings over the next few days, will also report large capital spending plans," Thierry Wizman, global foreign-exchange and rates strategist at Macquarie, said in a note. "That's hoped to boost the earnings outlooks for the hardware makers."President Donald Trump delivered a dim view of possible talks with Iran to end the war, telling reporters Tuesday that the US has "no interest in meeting" until Iran is ready to convene "in a meaningful way," the Associated Press reported.A desalination facility and power plants caught fire and suffered serious damage in Kuwait after new Iranian strikes targeted the crucial facilities, along with areas of Bahrain and Jordan, following the 10th consecutive night of US bombing, Al Jazeera, a Middle Eastern broadcaster, reported Tuesday.Meanwhile, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.The front-month US West Texas Intermediate rose 2% to $84.91 a barrel, and global benchmark North Sea Brent climbed 2.5% to $91.41 a barrel.US Treasury yields rose, with the 10-year up three basis points to 4.63%. The two-year jumped 4.9 basis points to 4.26%.In earnings news, 3M (MMM) raised its full-year earnings guidance while reporting Q2 results above market expectations.General Motors (GM) lifted its outlook for full-year earnings as it recorded an unexpected year-over-year increase in Q2 sales.In precious metal markets, gold futures advanced 1.8% to $4,086.9, and silver futures jumped 3.4% to $59.03.
(Updates with market moves at the end of the day.)US equities advanced Tuesday after a three-day slump, with chip stocks lifting the technology sector, even as oil prices rose amid heightened tensions in the Middle East.The Nasdaq Composite climbed 1.3% to 25,837.21, while the S&P 500 gained 0.9% to close at 7,509.20. The Dow Jones Industrial Average rose 0.7% to 52,224.64. Barring consumer staples and communication services, all sectors ended in the green, led by tech's 2.4% gain.Micron Technology (MU) was among the best performers on the S&P 500, up 12%, while Sandisk (SNDK) surged 14%, the index's top gainer. Intel (INTC) jumped 8.6%, while Nvidia (NVDA) rose 2%, among biggest gainers on the Dow."Stock traders today have shrugged off the news from the war in favor of buying the chip makers again, presumably on the hope that the (artificial intelligence) hyperscalers, when they report (second-quarter) earnings over the next few days, will also report large capital spending plans," Macquarie said Monday in a report. "That's hoped to boost the earnings outlooks for the hardware makers."West Texas Intermediate crude oil was up 2% at $84.91 a barrel in Tuesday late-afternoon trade, while Brent rose 2.5% to $91.44.The US will hit the area of Pickaxe Mountain "probably pretty soon," news outlets reported, citing President Donald Trump. The underground facility is reportedly believed to be connected to Iran's nuclear program.Kuwait, Bahrain and Jordan intercepted Iranian aerial attacks on Tuesday, CNN reported. The US Central Command said Monday its forces had struck Iran again.Two tankers carrying Saudi crude turned back in the Red Sea as Yemen's Iran-aligned Houthis threatened to strike vessels using Saudi ports, Reuters reported.Treasury yields were higher, with the two-year rate up 4.9 basis points at 4.26% and the 10-year rate rising 3.2 basis points to 4.63%.In corporate news, 3M (MMM) raised its full-year earnings outlook as the industrial conglomerate reported second-quarter results above Wall Street's estimates. The stock jumped 7.3%, the biggest gain on the Dow.General Motors (GM) lifted its full-year profit guidance as the automaker recorded an unexpected year-over-year increase in its second-quarter revenue. The stock rose 4.9%.Danaher (DHR) slid 11%, the worst performer on the S&P 500. The medical equipment maker raised its full-year profit guidance as its fiscal second-quarter results came in stronger than expected, but it lowered the top end of its 2026 revenue growth outlook.Gold advanced 1.8% to $4,088.40 per troy ounce, while silver climbed 3.5% to $59.05 per ounce.
Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.2%.Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week. Redbook noted brisk demand for the remaining summer merchandise due to hot weather across the country.In corporate news, Hasbro (HAS) raised its full-year revenue guidance after reporting fiscal Q2 results above Wall Street's expectations. Hasbro shares jumped past 8%.America's Car-Mart (CRMT) has been exploring potential asset sales that could result in a complete wind down, either in or out of bankruptcy court protection, Bloomberg reported. Its shares were down 0.6%.Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack agreed to buy the US snacks maker in a $2.9 billion take-private deal.General Motors (GM) lifted its full-year earnings outlook on Tuesday as the carmaker recorded an unexpected year-over-year increase in its Q2 revenue. GM shares climbed 5.1%.
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as a rally in chip stocks drove the technology sector higher, even as tensions between the US and Iran remained high.The Nasdaq Composite was up 1.4% at 25,854.7 after midday Tuesday, while the S&P 500 advanced 0.9% to 7,508.7. The Dow Jones Industrial Average rose 0.9% to 52,280.4. Most sectors were in the green, led by tech's 2.2% gain, while consumer staples led the laggards.Micron Technology (MU) was among the best performers on the S&P 500, up nearly 13%, along with Sandisk (SNDK), which also surged almost 13%. Intel (INTC) jumped 8.1%, while Nvidia (NVDA) also moved higher."Stock traders today have shrugged off the news from the war in favor of buying the chip makers again, presumably on the hope that the (artificial intelligence) hyperscalers, when they report (second-quarter) earnings over the next few days, will also report large capital spending plans," Macquarie said Monday in a report. "That's hoped to boost the earnings outlooks for the hardware makers."West Texas Intermediate crude oil was up 2.4% at $85.25 a barrel intraday, while Brent rose 2.1% to $91.07.Kuwait, Bahrain and Jordan intercepted Iranian aerial attacks on Tuesday, CNN reported. The US Central Command said Monday its forces had struck Iran again.Two tankers carrying Saudi crude turned back in the Red Sea as Yemen's Iran-aligned Houthis threatened to strike vessels using Saudi ports, Reuters reported.Treasury yields were higher intraday, with the two-year rate up 3.8 basis points at 4.25% and the 10-year rate rising 2.8 basis points to 4.63%.In corporate news, 3M (MMM) raised its full-year earnings outlook as the industrial conglomerate reported second-quarter results above Wall Street's estimates. The stock was up 7.5% intraday, the biggest gain on the Dow.General Motors (GM) lifted its full-year profit guidance as the automaker recorded an unexpected year-over-year increase in its second-quarter revenue. The stock rose 5.4%.Danaher (DHR) slid 12%, the worst performer on the S&P 500. The medical equipment maker raised its full-year profit guidance as its fiscal second-quarter results came in stronger than expected, but it lowered the top end of its 2026 revenue growth outlook.Gold advanced 1.6% to $4,079.80 per troy ounce, while silver climbed 3.6% to $59.12 per ounce.
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes rose after midday Tuesday as a sharp move in chipmakers lifted technology to the top of sector charts and crude oil advanced amid diplomatic maneuvers to end hostilities in the Middle East.The Nasdaq Composite jumped 1.4% to 25,857.7, with the S&P 500 up 0.9% to 7,512.1 and the Dow Jones Industrial Average higher by 0.8% to 52,276.9.All sectors, except consumer staples, communication services, and real estate, rose. Technology was the standout gainer, up 2.2%.Out of the top ten companies with a market capitalization of more than $200 billion, all but one were from the technology sector, according to data compiled by Finviz. Within that tech dominance, six were from semiconductors and semiconductor equipment and materials industries, including Intel (INTC).Intel is planning to lay off workers within its data center group, Business Insider reported Tuesday, citing a company spokesperson. Its shares surged 8.1%, one of the top gainers on the S&P 500 and the Nasdaq.In earnings news, 3M (MMM) raised its full-year earnings guidance while reporting Q2 results above market expectations.General Motors (GM) lifted its outlook for full-year earnings as it recorded an unexpected year-over-year increase in Q2 sales.In geopolitical news, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.A desalination facility and power plants caught fire and suffered serious damage in Kuwait after new Iranian strikes targeted the crucial facilities, along with areas of Bahrain and Jordan, following the 10th consecutive night of US bombing, Al Jazeera, a Middle Eastern broadcaster, reported Tuesday.Meanwhile, Iranian Interior Minister Eskandar Momeni arrived in Pakistan for high-level talks, news reports said. Mediators are proposing a 10-day ceasefire between Washington and Tehran, according to a Reuters report. President Donald Trump said Tehran is "desperate" to meet and talk, and threatened to attack a reported new Iranian nuclear site "very heavily," Al Jazeera reported.The front-month US West Texas Intermediate rose 2.4% to $84.44 a barrel, and global benchmark North Sea Brent climbed 2.2% to $91.19 a barrel as diplomatic channels remain open amid a severe escalation in the war.US Treasury yields rose, with the 10-year up three basis points to 4.63%. The two-year jumped four basis points to 4.26%.In precious metal markets, gold futures advanced 1.5% to $4,076.7, and silver futures surged 3.7% to $59.19.In economic news, Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week.The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rose to 7.4 in July from minus 25.8 in the previous month, indicating expansion in the sector. This is the first positive reading for the index since October 2024.
Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.4%.Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week. Redbook noted brisk demand for the remaining summer merchandise due to hot weather across the country.In corporate news, Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack agreed to buy the US snacks maker in a $2.9 billion take-private deal.General Motors (GM) lifted its full-year earnings outlook on Tuesday as the carmaker recorded an unexpected year-over-year increase in its Q2 revenue. GM shares climbed 5.3%.Diageo (DEO) Chair John Manzoni is planning a board shake-up to add drinks industry expertise as Chief Executive Dave Lewis leads the company's turnaround, the Financial Times reported. Diageo shares were down 1.2%.
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