General Motors Soars as Morgan Stanley Backs its Internal Combustion Engines

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General Motors ($NYSE:GM) (GM) has seen a resurgence in its stock price, as Morgan Stanley has given a bullish outlook on the company’s internal combustion engines (ICE). GM is a leading global automotive manufacturer, and is one of the largest automakers in the world. It designs, manufactures, markets and distributes cars, trucks, crossovers and automobile parts. Morgan Stanley’s bullish outlook on GM’s ICE has driven the company’s stock price higher in recent weeks. The investment giant believes that the company is well-positioned to benefit from a continued increase in demand for ICE vehicles due to consumer preferences and government regulations.

Additionally, Morgan Stanley expects GM’s strong product portfolio and competitive pricing to aid in driving sales growth. Overall, GM is clearly benefiting from Morgan Stanley’s endorsement of its ICE engines. This positive outlook has helped to propel the company’s rally and could potentially boost its long-term stock performance. With such an established presence in the automotive industry, General Motors is well-positioned to continue to lead the way in the future.

Market Price

General Motors (GM) had a positive Monday trading day, opening at $34.0 and closing at $33.5, up 1.3% from the previous closing price of 33.0.

In addition, this news also comes as GM has been making strong strides in their electric vehicle production. This is part of their strategy to become a leader in the electric vehicle industry, which is expected to grow significantly in the near future. GM’s internal combustion engine is still being supported by Morgan Stanley, which is a positive sign for the company. The stock is expected to continue its upward momentum, as investors become more confident in GM’s future potential. With their recent investment in electric and autonomous vehicles, GM appears to have a bright future ahead. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for General Motors. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for General Motors. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for General Motors. More…

Key Ratios Snapshot

Some of the financial key ratios for General Motors are shown below. More…

Analysis

At GoodWhale, we analyzed the financials of GENERAL MOTORS and found that, based on our Star Chart, it had an intermediate health score of 6/10 with regard to its cashflows and debt. This indicates that the company is likely to be able to pay off debt and fund future operations. When looking at the individual components of our Star Chart, GENERAL MOTORS was strong in asset, medium in growth, profitability and weak in dividend. This suggests that the company has a good financial base, but is still in the process of growing their business. We classified GENERAL MOTORS as a ‘cheetah’ type of company – one that achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be attractive to risk-tolerant investors who are looking for high growth potential. More…

Peers

General Motors Co, Stellantis NV, Toyota Motor Corp, and Ford Motor Co are all leading automobile manufacturers. They each have their own unique history and strengths, but they are all competitive in the market today.

– Stellantis NV ($NYSE:STLA)

Stellantis NV is a holding company that was created in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company is headquartered in the Netherlands and is majority owned by the French automaker Groupe PSA. Stellantis is the fourth-largest automaker in the world by sales, with a portfolio of 14 brands that include Fiat, Chrysler, Jeep, Dodge, Ram, Alfa Romeo, Lancia, Maserati, Peugeot, Citroën, DS, Opel, and Vauxhall.

– Toyota Motor Corp ($TSE:7203)

Toyota Motor Corp is a Japanese multinational corporation that manufactures vehicles. It has a market cap of 27.43T as of 2022 and a Return on Equity of 11.32%. The company produces vehicles under five brands, including Toyota, Lexus, Daihatsu, and Hino.

– Ford Motor Co ($NYSE:F)

Founded in 1903, Ford Motor Company is an American multinational automaker that has its main headquarters in Dearborn, Michigan. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom, and a 49% stake in Jiangling Motors of China. It also has joint-ventures in China, Taiwan, Thailand, Turkey, and Russia. The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power.

As of 2022, Ford Motor Company’s market capitalization is $47.32 billion, and it has a return on equity of 23.7%. The company’s main business is the manufacture and sale of automobiles and light trucks. In addition to its core automotive business, Ford also operates in the financial services sector through its Ford Motor Credit Company subsidiary.

Summary

Investors in General Motors (GM) have had reason to celebrate recently, as Morgan Stanley has released a bullish analysis of GM’s growing strength in Internal Combustion Engine (ICE) vehicles. Analysts have come to the conclusion that GM is well-positioned to capitalize on the current market, thanks to its strong lineup of ICE models. Furthermore, the company has made substantial investments in emerging technologies such as electric, self-driving, and other connected vehicles.

In addition to Morgan Stanley’s positive outlook, many analysts are optimistic about GM’s future, citing their strong balance sheet, large global presence, and deep portfolio of vehicle offerings. These factors, combined with the changing market, suggest that GM is well-positioned to take advantage of the opportunities ahead.