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General MotorsCNBC
•88% Informative
GM is forecast to report a solid adjusted profit of $ 2.75 per share, up 44.2% from a year earlier .
Some analysts expect both GM and Ford to guide toward the upper end of their 2024 financial forecasts.
Chrysler parent Stellantis is in a different position compared to its rivals, as it deals with issues in North America .
For GM , Ford and Stellantis alike, investors will be watching for updates on their electric vehicle plans, capital spending and rising new vehicle inventory levels in the U.S. "We believe the U.S. auto cycle dynamics can remain supportive of strong [automaker] earnings streams, with healthy pricing dynamics maintained even despite some normalization," Barclays' Levy said. "Yet inventory levels have risen... We believe rising inventory levels require monitoring, as incrementally negative datapoints may pressure [automaker] stocks." — CNBC 's Michael Bloom contributed to this report..
VR Score
95
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97
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85
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55
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