GM Rally Shows U.S. Consumer Not Slowing, Drives Past Tariff Woes
Schwab Network · Schwab Network
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Show Notes
General Motors (GM) drove a strong earnings rally on Tuesday's trading session, something Ivan Feinseth attributes to a positive outlook for the U.S. consumer. It's not just the automobiles boosting his bullishness. Ivan notes services and subscriptions giving General Motors more gas in the engine. Karl Brauer adds that the company's mitigation efforts against tariffs paint a more optimistic picture for other automakers. Other structural initiatives in GM, including changes to its EV business, give him confidence this rally can hold.
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