General Motors – yield 77% – Here is the reason:
General Motors (GM -0.6%) for the second quarter, reports a 4.6% increase in sales to 758,376 units.
Customers are very confident and come back to buy again because I consider the business of GM very strong. GM is in an excellent market position for vehicles, reaching almost 17% of the market share of this sector, with the new crossovers on the market.
From a technical point of view, GM is in a temporary downside trend if we look at it from a short time frame. On Contrary, on a long term chart it seemas to be set up on a bullish trend
Important analysts such as Morgan Stanley and Citigroup, from the last evaluations of this year, have estimated an increase in the share from 60 to 70 $.
If you invest now, the percentage of profit would be 77.6%