Company Of The Day: General Motors

+21.55%
Upside
38.20
Market
46.43
Trefis
GM: General Motors logo
GM
General Motors

What?

General Motors (NYSE:GM) will boost its ownership stake in autonomous vehicle startup Cruise to 80%, as it plans to buy out Softbank Vision Fund’s stake for $2.1 billion.

Why?

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EVs and autonomous driving are the two biggest trends in the auto industry and by buying out Softbank’s stake, GM will have greater control over Cruise.

So What?

GM stock gained about 3% in Friday’s trading.

See Our Complete Analysis For General Motors

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Returns Mar 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 GM Return -4% -24% 29%
 S&P 500 Return 2% -6% 99%
 Trefis MS Portfolio Return 2% -8% 262%

[1] Month-to-date and year-to-date as of 3/21/2022
[2] Cumulative total returns since the end of 2016

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