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February 13, 2013
12:44 EDTGMEarnings Preview: General Motors sentiment positive ahead of Q4 results
General Motors Company (GM) is expected to report Q4 earnings on Thursday, February 14 before the market open with a conference call scheduled for 10:00 am ET. General Motors is a global designer and builder of cars, trucks and automobile parts... EXPECTATIONS: Analysts are looking for EPS of 51c on revenue of $39.14B, according to First Call. The consensus range for EPS is 36c-71c on revenue of $37.94B-$41.42B... LAST QUARTER: GM reported Q3 adjusted EPS of 85c against estimates for 60c on revenue of $37.6B against estimates for $35.71B. On its Q3 earnings report, GM CEO Daniel Akerson said the quarter was "solid in almost all respects," however European weakness was expected to impact business for several years. Management anticipated a 2,600 headcount reduction in Europe for 2012, with future reductions pegged to overall demand. On January 3, the company said 2013 industry sales should rise to 15M-15.5M units due to a strong finish to 2012, industry momentum, and the overall health of the U.S. economy... STREET RESEARCH: Street research has been overwhelmingly positive in the weeks leading up to GMs Q4 earnings report. On February 13, Buckingham reiterated its Buy rating on GM, expecting it to beat consensus estimates based on strong performance in North America, GMSA, and GMIO. On December 24, GM was reinstated with a Buy rating and a target price of $35 at Goldman Sachs. On November 1, Craig Hallum upgraded GM to a Buy from a Hold based on cheap valuation and new vehicle redesigns. The firm raised its price target on the shares to $30... PRICE ACTION: GM shares have rallied approximately 20% since Q3 results were released in late October, making a fresh 52-week high of $30.68 in January. Since making a 52-week low of $18.72 in July of last year, the stock is up about 53%. In early afternoon trading ahead of Thursday's Q4 report, GM is essentially flat.
News For GM From The Last 14 Days
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November 23, 2015
06:24 EDTGMGM uses KBB to offer targeted incentives, Automotive News reports
General Motors has turned to Kelley Blue Book's website to offer targeted incentives to customers, Automotive News reports. Reference Link
November 22, 2015
18:46 EDTGMUAW union ratifies General Motors agreement
The United Auto Workers announced that its international executive board has formally ratified the national labor agreement with General Motors. The union explained that, after its proposed agreement with GM was blocked by the union's skilled trades members, it held meetings with those members and subsequently presented their concerns to both union leadership and GM itself. Following those discussions, the parties agreed to changes that "protect core trades classifications and seniority rights," according to UAW. Reference Link
November 19, 2015
07:55 EDTGMGM's Reuss: Company 'deeply committed' to EVs, FT says
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November 18, 2015
09:32 EDTGMThe House Oversight & Government Reform Committee to hold a hearing
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07:57 EDTGMBarclays to hold a conference
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November 16, 2015
09:59 EDTGMOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
07:36 EDTGMBerkshire Hathaway discloses new AT&T stake in quarterly update
Berkshire Hathaway gave a quarterly update on its stakes in a filing this morning. NEW STAKES: AT&T (T), Kraft Heinz (KHC), Liberty Lilac Group (LILA). INCREASED STAKES: Phillips 66 (PSX), Charter (CHTR), Liberty Media (LMCK), Suncor (SU), General Motors (GM). DECREASED STAKES: Goldman Sachs (GS), Wal-Mart (WMT), Deere (DE), Chicago Bridge & Iron (CBI), WABCO (WBC). LIQUIDATED STAKES: Viacom (VIAB).
November 15, 2015
17:25 EDTGMUAW union in talks with General Motors regarding proposed agreement
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November 13, 2015
16:40 EDTGMAppaloosa gives quarterly update on stakes
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12:34 EDTGMCaterpillar, General Motors, Altria Group are market beaters, Barron's says
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November 12, 2015
12:41 EDTGMGM preparing to sell Chinese-made Buick in the U.S., WSJ reports
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06:43 EDTGMGM to build fuel cell vehicle for U.S. Army, Automotive News says
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