Is General Motors hot?
General Motors Inc(Ticker:GM) recently closed down three of their power plants because of chip shortages for their vehicles. They also predict a 1.5 to 2 billion dollar reduction in their 2021 earnings because of these chip shortages. The closures make GM seem like a sell, but the drop in their stock price will opens an opportunity available to invest in GM stock before it gets too high as it has been rallying for the past month. The positive aspect that comes from these chip shortages is that it displays the high demand for GM vehicles which will mean that they will likely produce stronger sales when they are able to receive more chips. With the release of their 4th quarter earnings this week, GM surprisingly beat the predicted earnings and was even able to beat 2019 earnings despite COVID-19. Also, their global sales increased by 4%. GM's launch of their new EV vehicles ...