General Motors Stock jumped initially at the open today and then fell back as investors continue to fear GM will not avoid what many see as an upcoming decline in auto sales following one of the longest auto buying periods in history.
GM Profit Up – Stock Down
GM’s quarterly results roared past analysts’ forecasts with annual earnings now predicted to be at the high side of the original outlook which was $5.50 to $6.00 a share.
GM Stock Down 4%
The sell-off pushed GM stock down 4% and spread to Ford and Fiat Chrysler as well as non-domestic auto-makers.
GM Stock Trade
The decline in GM Stock is setting up a potential trade which I entered today. This article outlines the trade entered, the outlook for the stock, how the trade will be handled in coming days and a rescue strategy that will be used if needed.
General Motors Stock Trade Alert for Oct 25 2016
FullyInformed Members can review the latest General Motors Stock trade alert directly through this link or they can sign in to the full members site here. Non-members can join here or read about the benefits of being a member.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.