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GM Oct 2024 18.000 put
| Previous close | 0.0300 |
| Open | 0.0400 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 18.00 |
| Expiry date | 2024-10-18 |
| Day's range | 0.0300 - 0.0400 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Automakers are experiencing a pivot: Analyst
The auto sector experienced a challenging week, with major players Tesla (TSLA), Ford (F), and General Motors (GM) all reporting weaker-than-expected earnings. Dan Levy, Barclays senior autos analyst, joins Market Domination to discuss the current state of the auto industry. Levy identifies a trend in the auto industry: "a pivot to demand constraints and away from supply constraints." He explains that in recent years, demand was strong while supply was weak. However, "that's really flipped this year," with automakers now "grappling with this reality" of softer demand. Regarding the potential impact of the upcoming election on the electric vehicle (EV) market, Levy notes that automakers will likely continue with their product planning cycles "regardless of who is in office". However, he points out that a Trump-Vance administration could potentially change the Inflation Reduction Act's EV tax purchase credit and might lead to softer regulatory mandates for the industry. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
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On Wednesday, Ford Motor (NYSE: F) issued its second quarter results. Expectations were high after its Detroit peer, General Motors (NYSE: GM) lifted its full year profit guidance a day earlier. However, despite posting solid financials that topped estimates and raising its financial targets, shares of GM fell on Tuesday as Wall Street seems to fear the good times won’t last. Although Ford did not follow the footsteps of GM, its CEO Jim Farley assured investors that Ford+ restructuring plan is o
