This morning (Thursday), General Motors Co. (NYSE: GM) reported second-quarter earnings. The market didn't like what it saw - GM stock sank by 4.46% to close at $35.74 per share.
General Motors recalls
- GM Stock Closes Down 4.46% After Taking an 80% Profit Nose-Dive in Earnings
- Guess Who Responded to Our "Warning" Column on General Motors (NYSE: GM)
- Here's What the Recalls Mean for GM Stock
Our warning column on General Motors Co. (NYSE: GM) really seemed to resonate with you folks.
It generated a lot of emotion, eliciting some personal experiences from and even a few suggestions that we recommend "shorting" the stock.
I cannot overstate what a big role General Motors (NYSE: GM) has played in my life. So, it saddens me when I see the headlines about recalls over the past few years - this year alone, about 29 million worldwide.
Many on Wall Street and in the mainstream financial media are saying this is a "Buy" opportunity.