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Shah Gilani Media

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UPDATE: General Motors (NYSE: GM) Recall Is a "Legacy Issue for Years to Come"

UPDATE: A study released Thursday night by a public interest group, The Center for Auto Safety, claims that there were 303 deaths in recalled General Motors Company (NYSE: GM) cars in which airbags did not deploy. The study examined federal data to reach its conclusion.

What's more, the group's report states that GM intentionally misrepresented raw information about the crashes.

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2014 General Motors (NYSE: GM) Recalls Will Be a "Legacy Issue for Years to Come"

UPDATE: Today (Monday), General Motors Company (NYSE: GM) announced three more 2014 recalls. So far this year, GM stock has been feeling the sting of recall fallout, to the tune of a nearly 16% drop to $34.39 per share.

The most worrisome of today's recalls, both in terms of consumer safety and number of vehicles affected, is an air bag issue that will have to be fixed for 1.2 million of GM's crossover SUV models. If a customer ignores a warning light that reads "Service Air Bag," it can result in non-deployment on a side impact collision.

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Trend Watch

Stock Market 2014: "We've Got a Lot Higher to Go"

Speculators can't make heads or tails of the stock market in 2014. Some say this bull has grown long in the tooth.

We disagree.

"We've got a lot higher to go," Money Morning Capital Wave Strategist Shah Gilani said yesterday (Tuesday) on FOX Business' "Varney & Co."

First, let's take a look at the signs that have naysayers predicting this bull will run amok…

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Top News

What Today's Housing Market Numbers Really Mean

Today's mixed numbers from the Case-Shiller price index have some prognosticators wondering if the housing market has plateaued.

U.S. home prices posted their largest annual gain since 2005 and increased 11.3% in Q4 compared to the previous year. However, growth slowed toward the end of the year, particularly in December.

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General Motors (NYSE: GM) Recall Is a "Legacy Issue for Years to Come"

Thursday's General Motors Company (NYSE: GM) recall of nearly 800,000 compact cars in North America is markedly different from the slough of other 2014 recalls from the likes of Toyota Motor Corp. (NYSE: TM), Ford Motor Corp. (NYSE: F), and Tesla Motors Inc. (Nasdaq: TSLA).

That's because, according to depositions in a civil lawsuit against GM, the carmaker knew about the defect that's caused fatal and nonfatal crashes since at least 2004.

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Hot stocks

What's Next For Tech Stocks in 2014

Tech stocks like Google Inc. (Nasdaq: GOOG), Amazon.com Inc. (Nasdaq: AMZN), Netflix Inc. (Nasdaq: NFLX), and Apple Inc. (Nasdaq: AAPL) are "where the action is" in tech. They make the most money and create the most innovative products and services.

These tech stocks also serve as good benchmarks for how the whole industry is performing.

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Hot stocks

Auto Stocks to Buy Now: Here's Our Pick

The biggest automakers have come out with earnings and sales news this week, giving investors a better idea of the best auto stocks to buy now.

General Motors Co. (NYSE: GM) recently announced it will reinstate its quarterly dividend. Toyota Motor Corp. (NYSE ADR: TM) was the top retail brand in the United States in 2013. Tesla Motors Inc. (Nasdaq: TSLA) announced that it will be "upgrading" 30,000 Model S power adapters.


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Stock market this week

Stock Market This Week: New Year, New Numbers, New Approach

Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Cavuto" on Friday to talk about the stock market this week.

Market headlines highlight telecommunications company BlackBerry's (Nasdaq: BBRY) severing of its relationship with recording artist Alicia Keys. BlackBerry hired Keys as creative director last year, but sales tanked – the company recently announced it expects to suffer a $4.4 billion loss for its third quarter of 2014.

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