GM Analysts Say Buy the Dip as Stock Eyes Worst Week Since 2025
General Motors Co. stock is set to record its worst week in more than 20 months, but bullish Wall Street analysts are doubling down.
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General Motors Co. stock is set to record its worst week in more than 20 months, but bullish Wall Street analysts are doubling down.
General Motors Co. shares fell as shareholders focused on a narrower profit outlook despite plans for another $20 billion in stock repurchases. The company now sees 2026 adjusted earnings before interest and taxes in a range of $14.5 billion to $15.5 billion, compared with the $14 billion to $16 billion range it projected in July. Bloomberg's Craig Trudell joins to discuss. (Source: Bloomberg)
On this episode of Stock Movers: - Elice (KS) is floundering as it plunged in their trading debut, falling as much as 38% and finishing the day with a 32% loss. The selloff threatened a tentative recovery in Asian stocks and revived concerns over neoclouds, as rising borrowing costs and doubts over returns from massive AI spending sour investor appetite. - GE Aerospace (GE) is moving after raising its full-year outlook amid strong aircraft engine demand, despite resurgent jet fuel prices. - General Motors (GM) shares are lower after the company narrowed its full-year profit forecast and will buy back another $20 billion in stock, reflecting strong cash flows. General Motors reported higher profit and revenue in the latest quarter despite selling fewer cars. (Source: Bloomberg)
General Motors narrowed its full-year profit forecast amid softening sales, while also announcing it will buy back another $20 billion in stock. Paul Jacobson, CFO and executive vice president at GM, discusses the results on โBloomberg Surveillance.โ (Source: Bloomberg)