Just 3 days after hitting a low of $2.99, A123 Systems, Inc. (AONE) is surging more than 40% to $4.55 today. A123 Systems, Inc. (AONE) announced today that General Motors (NYSE:GM) has awarded the company a contract.
http://www.reuters.com/article/2011/08/11/us-gm-battery-idUSTRE77A30D20110811?
Showing posts with label general motors - gm. Show all posts
Showing posts with label general motors - gm. Show all posts
Thursday, August 11, 2011
Friday, July 10, 2009
GMGMQ Stock Up, But Why? July 10, 2009
General Motors ( GMGMQ ) stock is surging today as the company comes out of bankruptcy and a new company emerges. Why are traders and investors bidding up GMGMQ stock?
General Motors Company (the "new GM") currently has no publicly traded securities. Please note that none of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company, which is an independent separate company.
http://www.gm.com/corporate/investor_information/
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General Motors Company (the "new GM") currently has no publicly traded securities. Please note that none of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company, which is an independent separate company.
http://www.gm.com/corporate/investor_information/
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Thursday, March 26, 2009
GM Stock Analysis 3/26/09 March 26 2009
General Motors ( GM ) stock is up 10% to $3.29 this morning due to the the hopes that the Auto Task Force will be giving GM another loan at the end of the month. There is also hope that the worst is over for the automakers.General Motors Technical Analysis - March 26, 2009
http://stockcharts.com
GM stock analysis is very easy. General Motors has been bouncing off of the 10 day moving average since closing over it in early March. GM also had trouble breaking up though the 50 day moving average for several day but finally closed over this level last week. These two moving averages ( $2.71 & $2.81 ) offer solid support going forward. As you witnessed yesterday, buyers are lined up at these levels. A close below these two moving averages would be bearish and I would be selling my position.
On the upside, the key price that I am watching is $3.54. This was the high on Monday which caused a sell-off. If General Motors stock can get enough buyers to push it through the $3.54 level, I see the next stop at around $4 eventually. After $4.00, I see $4.49 and then $5.87. Lets focus on closing over $3.54 first!
For More Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Friday, March 20, 2009
GM Stock Analysis 3/20/09 March 20 2009
The following is technical analysis for General Motors ( GM ) stock - March 20, 2009Support: $2.80, $2.40, $2
Resistance: $3.00, $3.50
GM stock is looking fairly good here as it is trending over the 50 day moving average. I am watching for a close over $3 as a sign this rally is not yet over. The market is pricing in another bail out loan and possibly that if things improve it could potentially be the last loan. GM has support around the $2.40 level and $2. A close below these two an GM stock will restest the lows. General Motors needs to stay above the 50 day moving average! For More Technical Analysis - Go Here
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Thursday, March 19, 2009
Auto Supplier Stocks 3/19/09 March 19, 2009
The Auto Supplier stocks are exploding higher today as the Treasury is going to supply 5 Billion in Aid to the Auto Suppliers through the Auto Makers - General Motors ( GM ) and Chrysler. It looks like this is coming out of TALF. I think the US Dollar is going to pay the price for all this spending. Also, massive inflation will be the next problem....look at what Gold did since yesterday....up $65! Below is a list of the some of the Auto Supplier Stocks moving higher on this news.
Auto Supplier Stocks - March 19, 2009
Tenneco ( TEN ) - $3.00 Up 48%
American Axle ( AXL ) - $2.44 Up 57%
Lear ( LEA ) - $1.45 Up 101%
Magna ( MGA ) - $26.18 Up 4.80%
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Auto Supplier Stocks - March 19, 2009
Tenneco ( TEN ) - $3.00 Up 48%
American Axle ( AXL ) - $2.44 Up 57%
Lear ( LEA ) - $1.45 Up 101%
Magna ( MGA ) - $26.18 Up 4.80%
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Friday, March 13, 2009
Stock Market 3/14/09 Dow Jones Report
The Stock Market was up big this week with financials leading the charge. The Dow Jones, Nasdaq, and S&P 500 were up four straight days starting on Tuesday. Check out my technical analysis for Monday. As you can see, we are approaching major resistance areas near the 50 day moving average.
Stock Market Report - March 14, 2009
Next week will be an interesting week as we see if these recent stock market gains can hold. Sunday night Ben Bernanke will kick things off with an appearance on 60 minutes. He will follow things up with a Fed meeting on 3/17 & 3/18.
General Motors ( GM ) - So GM stock rallied big this week going from about $1.55 to $2.85, closing at $2.72. General Motors told the Government they will not need the 2 billion in March as their cost cutting measures working. However, they will still need to huge loan to get by and it could be as much as 14.6 billion.
GM, struggling to avoid bankruptcy amid a global sales slump, has been surviving on the federal loan it won in late December. The administration's auto task force faces a March 31 deadline to decide whether to give GM and Chrysler additional loans.
GM News afterhours 3/13/09 - GM stock down 12% tonight as they try to get Europe to bail them out. GM, which is on the verge of bankruptcy and bailed out by the U.S. government, is seeking for a 3.3-billion-euro bailout for Opel, GM Europe's major part, from European governments while looking for buyers. Also, GM Recalls 277,000 Vehicles For Gear Problem.
TALF - What is Talf? Next week, the deadline for the first wave a TALF will close. The Fed announced it was extending TALF by two business days. This announcement extends the deadline for recording TALF loans until the close of business on March 19. The settlement/disbursement date remains March 25 for this first wave of TALF lending. The TALF seems to be the lone Government program that might actually work!
Stock Watch 3/16/09 - These stocks were hot on Friday, keep them on your stock watchlists for Monday.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Stock Market Report - March 14, 2009
Next week will be an interesting week as we see if these recent stock market gains can hold. Sunday night Ben Bernanke will kick things off with an appearance on 60 minutes. He will follow things up with a Fed meeting on 3/17 & 3/18.
General Motors ( GM ) - So GM stock rallied big this week going from about $1.55 to $2.85, closing at $2.72. General Motors told the Government they will not need the 2 billion in March as their cost cutting measures working. However, they will still need to huge loan to get by and it could be as much as 14.6 billion.
GM, struggling to avoid bankruptcy amid a global sales slump, has been surviving on the federal loan it won in late December. The administration's auto task force faces a March 31 deadline to decide whether to give GM and Chrysler additional loans.
GM News afterhours 3/13/09 - GM stock down 12% tonight as they try to get Europe to bail them out. GM, which is on the verge of bankruptcy and bailed out by the U.S. government, is seeking for a 3.3-billion-euro bailout for Opel, GM Europe's major part, from European governments while looking for buyers. Also, GM Recalls 277,000 Vehicles For Gear Problem.
TALF - What is Talf? Next week, the deadline for the first wave a TALF will close. The Fed announced it was extending TALF by two business days. This announcement extends the deadline for recording TALF loans until the close of business on March 19. The settlement/disbursement date remains March 25 for this first wave of TALF lending. The TALF seems to be the lone Government program that might actually work!
Stock Watch 3/16/09 - These stocks were hot on Friday, keep them on your stock watchlists for Monday.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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