TradingKey – General Motors (GM) is coiled just below an important breakout level heading into the weekend. GM closed at $83.66 on Thursday, October 15, up 0.73% and about 9% below its 52-week high of $91.85. GM is up roughly 47% from its 52-week low of $56.81.
For the week ahead, my thesis is a simple one: trucks and tariff relief are carrying earnings, while the EV business rapidly shrinks. The catalyst is set for Tuesday, October 20, when GM reports Q3 results. Following positive news and a further run may not be likely.
Guidance Has Already Been Raised Twice This Year
In the second guidepost of this article, I mention that GM increased its 2026 guidance for the second time in the year, in July. GM now expects EBIT-adjusted in the…
