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January 2016

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January 2016
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#50
01-14-2016, 04:41 AM

They still exist! Companies that increase guidance..

General Motors (GM) shares have jumped after the firm said it would be more profitable and return more money to shareholders. Shares in the biggest US car maker rose more than 2% after it raised its 2016 earnings forecast by 25 cents to between $5.25 and $5.75 per share. GM also plans to raise its stock buyback programme by 80% to $9bn and extend it to the end of 2017.

General Motors shares jump after it raises profit outlook - BBC News

We're not so sure about that $9B of share buyback. It seems to us there is plenty of new car tech to invest in (hydrogen, battery, autonomous driving cars, communicating cars, etc..)

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