US Stock Update: GM, AA, BA Earnings Preview
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
- GM Earnings Preview: General Motors will report earnings live on 'Squawk Box', with shares up 14% over the past three months but down 7% from earlier highs, indicating cautious market sentiment regarding its performance.
- American Airlines Outlook: American Airlines will also report earnings on the same show, with shares rising nearly 6% in the last three months but down 17% from last year's 52-week high, reflecting challenges in the industry's recovery.
- Boeing CEO Interview: Boeing's CEO will appear on 'Squawk on Street', with shares up 12% in the past three months, suggesting optimistic market sentiment about its future prospects.
- Tech Stock Movements: Both Apple and Oracle saw approximately 3% increases, yet have fallen 6.6% and nearly 8% respectively over the past month, highlighting the volatility concerns surrounding tech stocks.
Analyst Views on GM
Wall Street analysts forecast GM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GM is 82.06 USD with a low forecast of 48.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
16 Buy
1 Hold
1 Sell
Strong Buy
Current: 79.680
Low
48.00
Averages
82.06
High
100.00
Current: 79.680
Low
48.00
Averages
82.06
High
100.00
About GM
General Motors Company designs, builds and sells trucks, crossovers, cars and automobile parts and provides software-enabled services and subscriptions worldwide. The Company's segments include GMNA, GMI, Cruise and GM Financial. Its GM North America (GMNA) and GM International (GMI) develop, manufacture and/or markets vehicles under the Buick, Cadillac, Chevrolet and GMC brands. The Company provides automotive financing services through its General Motors Financial Company, Inc. (GM Financial) segment. Its Cruise segment is engaged in the development and commercialization of autonomous vehicle technology. Its software-enabled services and subscriptions, including OnStar, its advanced driver-assistance systems (ADAS), including Super Cruise driver assistance technology, and its end-to-end software platform. The Company is also focused on investing in electric vehicles (EVs) and AVs, software-enabled services and subscriptions and new business opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
