Stock

Why General Motors Stock Climbed Higher in March

What happened

Shares of General Motors (NYSE:GM) gained 11.9% in March, according to data provided by S&P Global Market Intelligence, as investors cheered the company’s continued push to transform itself into a leader in electric vehicles.

So what

General Motors has laid down the gauntlet in its battle against a generation of electric vehicle start-ups looking to turn the automotive industry on its head. The company has committed $27 billion to investments in electric vehicles through 2025, part of a plan to phase out gasoline- and diesel-powered cars and light trucks by 2035.

The 2022 GM electric Hummer.

Image source: General Motors.

GM early in the month said it was working with partners to establish a second U.S. battery facility to feed its growing appetite.

The stock also benefited from the efforts of another legacy automaker, Volkswagen (OTC:VWAGY), to establish its green credentials. Volkswagen during the month laid out

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Why Churchill Capital IV Stock Dropped After Finally Confirming Its Merger With Lucid Motors

For several weeks, rumors swirled that Churchill Capital IV (NYSE:CCIV) was preparing to merge with Lucid Motors. Lucid, one of the hottest electric vehicle (EV) start-ups, is about to begin delivering its luxury sedan, the Lucid Air, within a few months. At long last, the companies confirmed the deal last night, announcing that Churchill Capital IV and Lucid Motors have entered into a definitive merger agreement. Shares promptly tanked in extended trading.

Just last week, I suggested that I wouldn’t be surprised if this ended up being a “buy the rumor, sell the news” situation. That adage refers to a common phenomenon in the market when an event fails to live up to expectations. Here’s why investors may be disappointed in the deal.

White Lucid Air in a driveway

Image source: Lucid Motors.

How the deal is structured

Over the weekend, Bloomberg reported that a deal might be imminent, suggesting that the announcement could

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Is NXP Semiconductors Stock a Buy?

Life has been challenging for many semiconductor stocks over the last few years. Ongoing effects from the trade war between the U.S. and China paired with the pandemic have upset the applecart for many firms. NXP Semiconductor (NASDAQ:NXPI) is no exception. The chipmaker’s auto and smartphone markets were hit hard by the pandemic in 2020, and the stock’s 40% return over the last trailing-three-year stretch has underperformed the 115% return of the semiconductor industry overall, as measured by the iShares PHLX Semiconductor ETF (NASDAQ:SOXX).

However, while it may not be the best growth stock in the chip universe, NXP does pay a small dividend — and could be a solid bet in 2021 as the economy gradually recovers from COVID-19.

A beatdown from lower smartphone and auto sales

NXP is best known for making connectivity chips for the automotive industry, industrial applications (factory equipment and

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How Navistar (NAV) Stock Stands Out in a Strong Industry

TipRanks

3 “Strong Buy” Stocks Set for Monster Growth in 2021

We’ve turned a new page on the calendar, Old Man ’20 is out the door, and there’s a feeling ‘21 is gonna be a good year – and so far, so good. The markets closed out 2020 with modest session gains to cap off larger annual gains. The S&P 500 rose 16% during the corona crisis year, while the NASDAQ, with its heavy tech representation, showed an impressive annual gain of nearly 43%. The advent of two viable COVID vaccines is fueling a surge in general optimism.Wall Street’s top analysts have been casting their eye at the equity markets, finding those gems that investors should give serious consideration in this new year. These are analysts with 5-star ratings from TipRanks database, and they are pointing out the stocks with Strong Buy ratings – in short, this is where investors

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