GM News & Events

The major averages were higher near noon on the last trading day of the month, though traders continue to reassess whether the market can continue climbing alongside structurally higher interest rates.Oil prices have pulled back after further diplomatic signaling around Iran. Brent crude remains elevated historically, but has retreated from the sharp spikes seen earlier this month during peak Strait of Hormuz concerns. Meanwhile, Iran's armed forces reportedly fired missiles late Thursday and President Trump has yet to approve an extension of a ceasefire.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dell Technologiesprovided areport for Q1Costcoreported, though comparable-store sales rose 9.8% year-over-yearGapreportedand raised its FY26 net interest income outlookAutodeskprovided areport for Q1 and agreed to acquire MaintainX in a deal valued at $3.6BSeveral space stocks, including AST SpaceMobile, EchoStar, and Rocket Lab, were slipping after Blue Origin's New Glenn rocketin Cape Canaveral2. WALL STREET CALLS:SusquehannaDellto Positive, hiked its price target to $700HSBCSnowflaketo Buy on AI visibilityDeutscheAST SpaceMobileafter the Blue Origin New Glenn rocket explosionBest Buyto Neutral at UBSSentinelOneto Buy at BofA and downgraded to Market Perform at Raymond James after Q1 report3. AROUND THE WEB:Nvidia'splans to launch Rubin CPX, an inference-focused graphics processing unit for its Vera Rubin platform, has become "increasingly uncertain" as supply chain activity around the product appears to have stalled, The Elec saysMetais creating an Enterprise Solutions unit that embeds engineers and product managers directly with large corporate customers to accelerate adoption and deployment of its AI tools, The Information reportsJD.comfounder Liu Qiangdong has pledged to prioritize protecting the company's roughly 900,000 employees from AI-driven automation, Bloomberg reportsMassachusetts Attorney General Andrea Joy Campbell is suing UnitedHealth'sUnitedHealthcare, alleging the subsidiary purposefully made low-income older adults appear sicker to boost its bottom line, Stat News saysA battery plant partly owned by General Motorsis delaying the return of hundreds of workers in northeast Ohio amid continued weak demand for electric cars, Reuters reports4. MOVERS:Replimuneincreases after announcing it willfor RP1 in combination with nivolumab following communications with the FDANetAppand PagerDutyhigher afterOktagains afterand raising its guidance for FY27Ambarellafalls afterand providing guidance for Q2iHeartMedialower aftertalks over a potential sale to Sirius XMare on pause5. EARNINGS/GUIDANCE:Genescoand raised its guidance for FY27Elmet, with EPS and revenue beating consensusTempus AIHealthEquityand raised its guidance for FY27UiPath, provided guidance for Q2, and raised its outlook for FY27INDEXES:Near midday, the Dow was up 0.75%, or 379.04, to 51,048.01, the Nasdaq was up 0.19%, or 50.30, to 26,967.77, and the S&P 500 was up 0.23%, or 17.75, to 7,581.38.

The Trump administration is anticipated to propose a change to the U.S.-Mexico-Canada Agreement, or USMCA, that would mandate that half of the components and materials in an automobile come from U.S. sources in order to qualify for reduced tariffs under the deal, the Wall Street Journal's Gavin Bade, Santiago Perez, and Christopher Otts reports. The requirement would greatly increase the number of U.S. components required in cars made under the pact, measured by the dollar value of the parts, the authors say, noting that the USMCA currently requires three quarters of a vehicles to come from North American sources, but no U.S.-specific requirements. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Lucid Group (LCID), Mercedes-Benz (MBGYY), Nissan (NSANY), Rivian (RIVN), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).

A battery plant partly owned by General Motors is delaying the return of hundreds of workers in northeast Ohio amid continued weak demand for electric cars, Reuters' Kalea Hall reports. Workers at the Ultium Cells plant in Warren, Ohio, jointly owned by GM and LG Energy Solution, are now being told they will begin to return to work in August, the company confirmed in a statement to Reuters. They have been out of work since January, when they were given a June return-to-work timeframe.

In April year-to-date, new EU car registrations increased by 4.2%, despite ongoing geopolitical factors that are heightening uncertainty and downside risks, the ACEA reported. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Lucid Group (LCID), Mercedes-Benz (MBGYY), Nissan (NSANY), Rivian (RIVN), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).