Published: Thu, February 08, 2018
Markets | By Noel Gibbs

General Motors Reports $5.2 Billion Loss on Charge for US Tax Reform

General Motors Reports $5.2 Billion Loss on Charge for US Tax Reform

The stock of General Motors Company (NYSE:GM) earned "Buy" rating by Seaport Global on Tuesday, August 9. Keybank National Association Oh invested in 228,298 shares or 0.05% of the stock. "Then you'll reduce other parts of the toolbox". Godsey & Gibb Associates acquired a new stake in Ford Motor in the 2nd quarter valued at $117,000. Parkwood Ltd Llc accumulated 0.11% or 18,554 shares.

The automaker plans to invest US$1 billion in 2018 on autonomous vehicle technology, an increase from the US$600 million past year. Barclays Capital upgraded the shares of F in report on Friday, February 3 to "Overweight" rating. But, as company officials have been wont to point out, the company's retail share has generally gone up. Harris Associates L.P.is the second biggest holder with 62 million shares now valued at 2.48 B million whilst Berkshire Hathaway Inc has 60 million shares valued at 2.42 B million. Ropes Wealth Advisors LLC increased its holdings in General Motors by 240.2% in the 2nd quarter. BlueMountain Capital Management LLC now owns 198,047 shares of the auto manufacturer's stock worth $2,216,000 after acquiring an additional 95,361 shares during the last quarter. UBS maintained the stock with "Buy" rating in Wednesday, October 28 report. The institutional investor held 42,985 shares of the auto manufacturing company at the end of 2017Q3, valued at $1.74M, down from 88,037 at the end of the previous reported quarter.

FLASHBACK: Obama Claims He Doesn't Talk To FBI Director About Pending Investigations
Whether they had gotten into a fight or if she realized their text messages had been discovered is unclear. In a text sent on October 20, 2016, Strzok called the Republican presidential nominee a 'f***ing idiot'.


More notable recent Ford Motor Company (NYSE:F) news were published by: Usnews.com which released: "Ford Stock Is Hemorrhaging" on January 17, 2018, also Fool.com with their article: "Ford Motor Company Earnings: What to Expect" published on January 22, 2018, Bloomberg.com published: "GM Breaks Away From Ford Thanks to New SUVs" on February 05, 2018. The stock increased 2.12% or $0.05 during the last trading session, reaching $2.41. Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Suncor Energy Inc. had 27 analyst reports since July 21, 2015 according to SRatingsIntel. Following the completion of the transaction, the executive vice president now owns 98,340 shares in the company, valued at approximately $4,215,835.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Barry L. Engle II sold 50,443 shares of the company's stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $45.00, for a total value of $2,269,935.00. They now have a $12.00 price objective on the auto manufacturer's stock. The disclosure for this sale can be found here. The institutional investor held 32,272 shares of the integrated oil company at the end of 2017Q3, valued at $1.13M, up from 16,177 at the end of the previous reported quarter.

On Monday, GM declared a first-quarter dividend of 38 cents per share. The company set a $8 billion capital budget for 2018, which will include $1 billion to be spent on autonomous cars. According to the most recent data, Ford Motor Company has a 52-week high of $13.33 and a 52-week low of $10.35. Argent reported 0.11% of its portfolio in Ford Motor Company (NYSE:F).

Ton-up Maxwell routs England in second T20I
Both the batsmen were dismissed by him and David Willey was also stumped as he picked 3 wickets for just 10 runs in his two overs. Maxwell's hat-trick ball was wide of the leg-stump line - he would have been just the seventh man to have a T20 global hat-trick.


Headlines about General Motors (NYSE:GM) (TSE:GMM.U) have trended somewhat positive this week, according to Accern Sentiment Analysis. For the quarter, the automaker posted adjusted diluted earnings per share (EPS) of $1.65 on revenues of $37.72 billion. Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. During the same period in the prior year, the business earned $0.30 EPS. The company's revenue for the quarter was down 7.7% on a year-over-year basis. research analysts expect that General Motors will post 6.42 earnings per share for the current fiscal year. Shareholders of record on Tuesday, January 30th will be paid a $0.15 dividend.

On 10/23/2017 announced a quarterly dividend of $0.38 3.27% with an ex dividend date of 12/7/2017 which will be payable on 12/8/2017. General Motors's dividend payout ratio (DPR) is presently 77.95%.

Cancer vaccine eliminates tumors in mice; human trials next
Researchers at the Stanford University School of Medicine injected a cancer vaccine in 90 mice, and majority were cured. It's also unlikely to cause adverse side effects often seen with other immune stimulation, according to researchers.


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