Amid economic uncertainty with countries exchanging tariffs, and many consumers turning away from electric vehicles, preferring to stick with hybrids and gas-powered cars for now, auto giant General Motors is thriving.
General Motors saw both earnings and sales growth rate rise last quarter. Earnings growth increased from 30% to 55% quarter over quarter, to $1.92 per share. Revenue growth rose from 10% to 11%, or $47.7 billion.
Quarterly earnings growth for the Detroit-based company this past year ranged from 19% to 60%. As a result, GM earns an outstanding 96 Earnings Per Share Rating out of 99. Its Composite Rating is 86, putting it in the top 14% of stocks overall, regardless of industry.
GM Strength Rating Rises On Strong Fundamentals
On Monday, GM stock got an upgrade for its Relative Strength (RS) Rating, which climbed to 71, up from 68 Friday. It's a welcome improvement, but still short of the 80 or higher score that The IBD Methodology investors look for.
GM stock hit a multiyear high at the end of November. It has retreated this year in sync with the market correction. However, its stock closed higher five of the last seven trading sessions as it rose from a low of 44.41 on March 4 to 49 Monday, up 1.4% for the day.
When To Sell Stocks To Lock In Profits And Minimize Losses
Watchlist candidate General Motors is not currently showing a potential entry point. See if the stock goes on to build a base that could kick off a new price move.
Ranks No. 1 In Its Industry
The company holds the No. 1 rank among its peers in the Auto Manufacturers industry group. Italy's Ferrari and China's XPeng are also among the group's highest-rated stocks.
The exclusive Relative Strength Rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database. The stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their biggest climbs. See if General Motors can continue to show renewed price strength and hit that benchmark.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
Please follow James DeTar on Twitter @JimDeTar
RELATED:
Stocks With Rising Relative Strength Ratings
Get Full Access To IBD Stock Lists And Ratings
Why Should You Use IBD's Relative Strength Rating?
See Stocks On The List Of Market Leaders With IBD Leaderboard
Automotive Industry News, Self-Driving Cars And Stocks To Watch
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
