Is GM a buy?

and all about dividend investing

Good morning Pros! Dividend investing is a great way to earn passive income but you need to pick your stocks right. In this issue, we’ll talk about General Motors, known for offering good dividends, and find out if it’s a buy. Moreover, we’ll discuss Disney and explain how it can help you make money this week.

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📊 Stock analysis: Is General Motors a buy?

As Tesla gets into trouble, it’s time to look at other manufacturers such as GM. The company just had a blockbuster earnings report, and here are the latest stats:

  • The stock is trending at $38.80.

  • The stock has gained 7.63% since the beginning of the year.

  • It has a 52 week high of $43.63 and a 52 week low of $26.30.

  • The stock is down -1.27% in the last 12 months.

  • The stock is about 50% away from its all time high of $64.76 on January 04, 2022.

  • GM market cap is currently $48.47 billion and has a P/E ratio of 4.98.

What experts say: The average price target for General Motors is $46.52. The highest analyst price target is $95, and the lowest forecast is $27. The average price target represents a 20% increase from the current price of $38.

Troubled history but bright future

GM has had some issues in the past, including bankruptcy in 2009. But the company is rebounding.

It has room for share price growth as it focuses on new products such as the redesigned Chevy Equinox, Traverse, Tahoe, and Suburban as well as the GMC Acadia and next-generation Buick Enclave.

It is focusing on EVs as well, and some new ones are expected to hit the market soon, including Silverado EV and GMC Sierra EV. GM is hoping to deliver 200,000-300,000 EVs this year. The company expects its EV share to jump by 3% this year to 10%.

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