General Motors' Shocking Turnaround and Bright Future

By Travis Hoium – Apr 24, 2024 at 5:55AM

NYSE: GM

General Motors

Market Cap

$51B

Today's Change

(0.43%) $0.19

Current Price

$44.86

Price as of May 3, 2024, 4:00 p.m. ET

GM stock is up after increasing guidance again for 2024.

General Motors (GM 0.43%) reported earnings before the market opened on Tuesday, and the stock is up sharply as both earnings and guidance beat expectations.

In this video, Travis Hoium covers the results and why GM is still an incredibly cheap stock.

*Stock prices used were end-of-day prices of April 23, 2024. The video was published on April 23, 2024.

Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.