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Taking full credit out of the stock market and making an investment with confidence are not unusual goals for both new and old investors.
Many investors also have a referral method that helps guide their buying and selling decisions. One way to find winning stocks in your favorite investment method is to use Zacks-style scores, which are signs that compare stocks across three widely used investment types: value, growth, and momentum.
Is this 1 Momentum inventory a spectacular buy now?
For dynamic investors, upward or downward trends in a stock’s value or earnings prospects take precedence, so they’ll need to focus on the Momentum Style score. This score can identify the right times to create a position in a stock, employing points such as a week’s value update and monthly percentage update in earnings estimates.
General Motors Corporation (GM)
General Motors, one of the world’s largest automakers, had the largest share of the U. S. auto market. It is the largest U. S. company at 16. 2% in 2023. Headquartered in Detroit, the auto giant has had a long and turbulent history. Founded in 1908, the company has been set to dominate American industry. However, hit by the currency crisis, General Motors filed for bankruptcy on June 1, 2009. In just 40 days, the company emerged from bankruptcy. In 2010, the company announced its initial public offering (the largest in U. S. history at the time) and has been steadily successful ever since. From going bankrupt in 2009 to becoming one of the world’s best-run automakers, General Motors has come a long way.
GM has a Momentum style score of A and a VGM score of A, and has a Zacks rank score of No. 2 (buy). General Motors Company stock has noted some attractive price movements lately; Shares are up 3% in the past week and 5. 1% in the past four weeks. And over the past year, GM gained 21. 9%. In terms of stock trading volume, an average of 18,146,936 shares were traded in the last 20 days.
Momentum investors don’t just pay attention to price changes; The positive source of income also plays a role. Eight analysts have revised up their earnings estimates over the past 60 days for fiscal 2024. Zacks’ consensus estimate increased from $1. 31 to $9 per share. GM claims to have an average profit surprise of 20%.
With strong earnings growth, a smart Zacks ranking, and top-tier Momentum and VGM flavor scores, investors are thinking about adding GM to their portfolios.
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