We will eventually explore more companies that have a large presence in Michigan but want to start with two of the biggest.
|Forward P/E Ratio||7.03||7.34|
|Morningstar Fair Value||$51||$15|
|3-year Dividend Growth||—||14.5%|
|EPS Growth Rate (3-year)||36.1%||-26.9%|
|EPS Growth Rate (5-year)||5.6%||-25.3%|
|Estimated EPS Growth Rate (1-year)||-3.6%||-12.8%|
|14 day RSI||Overbought||Overbought|
|Price Distance Above SMA 200 Day||Moderately Above||Far Above|
|Price Distance Below SMA 200 Day||—||—|
|Past 1 Month||21.43%||8.36%|
|Past 3 Months||28.59%||9.33%|
|Past 6 Months||33.28%||9.62%|
|Past 12 Months||38.12%||-0.65%|
Source: Charles Schwab 10.9.17
After years of going virtually nowhere GM stock broke out in the past month gaining over 20%. This is the first time since December 2013, that GM stock crossed the $40 mark and hit new all time highs which was previously $41. September auto sales were hurricane aided but can we see this momentum continue?
Over the past 3 years, Ford has been on a steady downward trajectory going from nearly $18 per share to hitting a near 5 year low of $10.47 at the end of August. This stock trajectory should come as little surprise as we have seen earnings steadily deteriorate from $1.82 per share in 2013 to just $0.96 in the previous 12 months. For the first time in years we are finally seeing some positive momentum for Ford stock as its stock has increased in value by over 17% since the end of August. Can we see this positive trend continue, and most importantly can we see earnings finally start to improve?