General Motors (GM) shares outlook 2012

General Motors (GM) shares outlook 2012 : General Motors (GM) shares are trading at $20.10. GM is a leading automaker. The 50-day moving average is $22.57 and the 200-day moving average is $26.91. Earnings estimates for GM are just over $4.40 per share in 2011 and $4.61 for 2012, so the PE ratio is only about 5.

The fear for some investors is that the U.S. and the global economy is about to fall into another major recession. A significant global economic downturn would impact GM, but the stock seems to be pricing in a lot of bad news and fear already with it trading for about 5 times earnings. One recent positive is that the price of oil has been dropping. Low oil prices are generally positive for cars sales, and consumer sentiment.

The data is sourced from Yahoo Finance and Insidercow.com. The information and data is believed to be accurate, but no guarantees or representations are made. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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