GM
General Motors Company
stock NYSE

# Today is Monday, the 26th of January
## Upcoming events for Monday, January 26th
- Stock splits:
- XXII @ **1:15**
- BNRG @ **1:7**
- CISS @ **1:20**
- BTF @ **1:5**
- SMUP @ **1:10**
- GRI @ **1:28**
- LRHC @ **1:10**
- MTEN @ **1:200**
- MKDW @ **1:30**
- NIVF @ **1:3**
- PCLA @ **1:30**
- Expected earnings:
AGNC, AGYS, ARE, BAOS, BMRC, BOH, BRO, BSRR, BVFL, BYFC, CBK, CBNK, CR, CZWI, DX, EFSC, EFSI, FRBA, FRME, FSBC, FSUN, FUSB, GABC, GGG, HBCP, HBT, LKFN, LNKB, MNSB, MRTN, NBTB, NRC, NUE, NWBI, OXLC, PCH, PRK, RBB, RYAAY, SANM, STLD, TSBK, VWAV, WAL, WRB, WSFS
- Ex-div:
DHC, FVCB, ILPT, RMR, SEVN, SVC, VALU, YBST, YBTY
## Upcoming events for Tuesday, January 27th
- Stock splits:
- GMRCF @ **1:4**
- TLOFF @ **1:10**
- Expected earnings:
AAL, AIT, AKO.A, AKO.B, AUBN, BA, BCBP, BPOP, BPRN, BUSE, BWB, BXP, CAC, CBC, CBNA, CBU, CCB, CCBG, CCNE, CFFI, CHMG, CLBK, CVLT, EBMT, ENVA, FBP, FCBC, FCF, FFIC, FFIV, FNWD, FRAF, FSFG, GEF, GM, HAFC, HCA, HIHO, HOPE, HTLD, IVZ, JBLU, KMB, LOGI, LRN, MANH, MCBS, NBHC, NEE, NOC, NRIX, NVR, NXT, ORRF, OVBC, PCAR, PDLB, PFS, PGC, PII, PKG, PPG, PROV, QCRH, QRVO, RNST, ROP, RTX, SSBI, SSII, STX, SYF, SYY, TRMK, TXN, UMBF, UNH, UNP, UPS, UTMD, WNEB, WRLD, WSBC, WSBF, XIFR
- Economic events and announcements:
- 2-Year Note Auction (previous: 3.499%)
- 3-Month Bill Auction (previous: 3.590%)
- 6-Month Bill Auction (previous: 3.520%)
- Atlanta Fed GDPNow (consensus: 5.4%, previous: 5.4%)
- Chicago Fed National Activity (previous: -0.21)
- Core Durable Goods Orders (consensus: 0.3%, previous: 0.2%)
- Dallas Fed Mfg Business Index (previous: -10.9)
- Dallas Fed PCE (previous: 1.90%)
- Durable Goods Orders (consensus: 3.1%, previous: -2.2%)
- Durables Excluding Defense (previous: -1.5%)
- Goods Orders Non Defense Ex Air (previous: 0.5%)
## Upcoming events for Wednesday, January 28th
- Expected earnings:
ADP, ALRS, APH, ASIC, ASML, ATGE, AVT, AXS, BBT, BMI, CALX, CBAN, CCS, CFFN, CHRW, CLS, CMPR, CNMD, COFS, CP, CPF, DHR, DLX, EAT, EDU, ELS, ELV, ETD, EXTR, FCCO, FFBC, FIBK, FICO, GBFH, GD, GEV, GIB, GLW, HLI, HWBK, HWKN, HXL, IBM, LARK, LBRT, LC, LEVI, LFUS, LII, LPL, LRCX, LSTR, LUV, LVS, MBIN, META, MHO, MNRO, MSCI, MSFT, MTH, MUR, NAVI, NFBK, NFG, NLY, NOW, OBK, OTIS, PB, PGR, PLXS, RJF, SBUX, SEIC, SF, SLG, SMG, SYBT, T, TEVA, TOWN, TSLA, TTEK, TXT, UMC, URI, UVSP, VFC, VIAV, WASH, WHR, WM
- Ex-div:
CALM, ENTG, HFWA, NTIC, PAYX, PSEC
- Economic events and announcements:
- 5-Year Note Auction (previous: 3.747%)
- ADP Employment Change Weekly (previous: 8.00K)
- API Weekly Crude Oil Stock (consensus: -0.700M, previous: 3.040M)
- CB Consumer Confidence (consensus: 90.1, previous: 89.1)
- Dallas Fed Services Revenues (previous: 0.1)
- House Price Index (consensus: 0.3%, previous: 0.4%)
- House Price Index (previous: 1.7%)
- House Price Index (previous: 436.7)
- M2 Money Supply (previous: 22.30T)
- Redbook (previous: 5.5%)
- Richmond Manufacturing Index (consensus: -5, previous: -7)
- Richmond Manufacturing Shipments (previous: -11)
- Richmond Services Index (previous: -6)
- S&P/CS HPI Composite - 20 n.s.a. (consensus: 1.2%, previous: 1.3%)
- S&P/CS HPI Composite - 20 n.s.a. (previous: -0.3%)
- S&P/CS HPI Composite - 20 s.a. (previous: 0.3%)
- Texas Services Sector Outlook (previous: -3.3)
- U.S. President Trump Speaks
## Upcoming events for Thursday, January 29th
- Expected earnings:
AAPL, ABCB, AJG, ALGM, AMP, AOS, APPF, AROW, AVBH, AX, BAFN, BC, BFH, BIP, BIPC, BRBS, BWFG, BX, BZH, CACC, CAT, CFR, CIVB, CMCSA, CNOB, CNX, CODA, CRS, CSW, CVCO, CVLG, CZFS, DB, DECK, DLB, DOV, DOW, DT, DXC, EMN, EXP, FBIZ, FFWM, FGBI, FHI, FINW, FISI, FLWS, FRST, GPI, GSIT, HFBL, HIG, HITI, HOLX, HON, HTH, HZO, INBK, IP, IROQ, ISBA, IVR, KEX, KIDZ, KLAC, KOSS, LAZ, LCNB, LHX, LMT, LPLA, MA, MAN, MBUU, MO, MRSH, MTX, MXL, NDAQ, NEWT, NOK, NSC, OLN, ONEW, ORC, OSIS, OSK, PBFS, PCB, PDEX, PFSI, PH, PHM, PMT, RBKB, RCI, RCL, RMD, RPT, RRBI, RVSB, SAP, SBCF, SBFG, SBSI, SCSC, SHBI, SHEL, SHW, SIGI, SILC, SKYW, SNDK, SNDR, SNY, STM, SXC, SXI, SYK, TAK, TAL, TBBK, TFSL, TMO, TSCO, TT, V, VIRT, VLO, VLY, WDC, WTBA, WY, XRX, YAAS, ZBAI
- Ex-div:
FAST, JCSE
- Economic events and announcements:
- Crude Oil Imports (previous: -0.027M)
- Crude Oil Inventories (previous: 3.602M)
- Cushing Crude Oil Inventories (previous: 1.478M)
- Distillate Fuel Production (previous: -0.209M)
- EIA Refinery Crude Runs (previous: -0.354M)
- EIA Weekly Distillates Stocks (previous: 3.348M)
- EIA Weekly Refinery Utilization Rates (previous: -2.0%)
- FOMC Press Conference
- FOMC Statement
- Fed Interest Rate Decision (consensus: 3.75%, previous: 3.75%)
- Gasoline Inventories (previous: 5.977M)
- Gasoline Production (previous: -0.246M)
- Heating Oil Stockpiles (previous: 0.279M)
- MBA 30-Year Mortgage Rate (previous: 6.16%)
- MBA Mortgage Applications (previous: 14.1%)
- MBA Purchase Index (previous: 194.1)
- Mortgage Market Index (previous: 397.2)
- Mortgage Refinance Index (previous: 1,580.8)
- U.S. President Trump Speaks
^^^^2026-01-26

Sure, it might survive with US backing. That doesn’t mean it will thrive as a company. Ford and GM received a lot of sugar mama taxpayer money from the government in 2008 but their products aren’t better than Toyota and Honda.

Looks like no one wants EVs anymore and GM still keep building them. This can't keep up for long.

The grocery store GM might be a better operational choice but CEOs are often hired to take risks and their perspective is why they're hired and what informs their choices. That grocery store GM might not have the vision to even try and make decisions in a domain outside stocking veggies for small margins.
I think you already understand that people skills are everything. Most people born on earth are too dumb to fix old car engines let alone organize complex motivations coming from different groups of people. You can requisition a hole dug or call a plumber anytime, work is just work. The "why" of why something is done is everything and that comes from vision at the top.

There are a lot of CEOs who's job could be done better by the GM of your local grocery store, but I agree that painting them all as idiots is ridiculous.
The most obnoxious thing about senior leaders is that the typically excel at networking and relationship building, which to a lot of people, don't seem like skills.

Reposting from earnings thread, feel free to inverse but here's what I'm thinking for next week:
> AMZN strangle Monday close before UPS since UPS fulfills so many amazon orders. Ford/Rivian strangle before GM earnings for sympathetic move. Visa options before FOMC but selling Thursday morning after Mastercard ER but before Thursday AH while IV is still high because that POS never moves after its own earnings. Finally MU 2/6 strangle before Thursday close since SNDK is reporting Friday PM and that 15% implied move is insane.

>If that were the case, why is Waymo still dabbling with ~100k vehicles (vehicle cost plus sensor suite)? They had 5+ years to bring down cost. What makes you think this will be happening „overnight“ in the foreseeable future?
Baidu (RT6) is cheaper than the cheapest Tesla costs Tesla (MSRP - profit margin). So the cheaper robotaxis aren’t coming - they’re here. Thousands of them on the street in China operating driver out at a scale of 250k rides/week and testing in both Europe and Asia.
Unlike cybercab they’re operating today at scale. You don’t have to project future prices - the moat is gone today.
Waymo fucked up repeatedly with partners (Jaguar, Zeekr) and they may or may not recover with the Hyundai partnership. But that is only relevant in the US - every other market already has a viable sub 30k competitor. Robotaxi’s TAM just went from global to US.
>Western car makers are still losing money on every single EV they sell, some even >100 % per vehicle. How do you expect will Waymo (er al) be able to get cheaper rides?
Ioniq 5 is a profitable car at right around the same price as the cheapest Teslas on the market right now. Yeah GM and Ford are still shitting the bed but that’s problem with a business model that relies on *everyone* else being incompetent - it only takes 1 to break it. And Hyundai did.
As far as sensor costs we don’t have any recent info about Waymo but it’s sub 5k for the Chinese. So maybe 15-20k for Waymo? Or 25 cents a ride lifetime of car?
>The current tariffs on Chinese EVs surely don’t help in that regard.
Hyundai is made in Georgia.
And it’s a big world.
>I‘m sure it will happen eventually, but it will take another 5+ years at least, especially since most car makers still seem to think a sensor suite is essential.
Sensor suites aren’t expensive anymore. Especially not when amortized over the lifetime of the vehicle. That’s the problem. Elon bet the farm on Lidar remaining expensive and it’s now about $500 and dropping.
>Tesla might make 200-400k of net profit per Robotaxi per year.
Even if Waymos cost 150k/vehicle (number that comes from the early Jaguar + sensor suite 1 days) that doesn’t equate to a million dollar over the lifetime of the car capital advantage. That’s not how math works. And without that advantage you can’t make that profit. Again profit is directly proportional to moat. Small moat = small profit.
>And given their significantly cheaper vehicles, they can undercut their competitors’ pricing at will.
You can’t both have a profit margin much larger than the price difference and undercut. That’s not how math works.
>Whilst the competitors will have to shoulder gigantic losses if they want to compete on price.
If you drop it low enough to bleed competitors congrats you have no margin. That’s the point. There’s no moat. Both can offer rides. Tesla *might in some markets* have a less than $1/ride capital advantage but to use that advantage means to make next to no profit. If Waymo runs at cost and Tesla wants to undercut them it means they also have to run at cost. Congrats there goes your business model. If you want to make them lose money at best you can run at cost. Tesla will have to choose between making an extra few cents a ride or trying to undercut. It can’t do both.
>Let’s see how it will turn out. I‘m definitely not betting against Elon.
Tesla has underperformed the S&P over the last 5 years. Betting Tesla would be a below average company has generally paid off in recent history. Which is shocking given its mag 7 status but here we are.
And Elon is personally individually to blame for robotaxi not having a head start. Had he done lidar at first and then taken it off as the software matured we’d all be in robotaxis now with the lidar’s being removed as we speak. But he was stubborn and silly and now the global market is gone and the US market is questionable.

Its very packed earnings week starting tomorrow:
[Week of 26th Jan 2026: SP500 earnings \(numbers represent historical volatility\) + Selected Macro Events](https://preview.redd.it/lcbgm9tm2jfg1.png?width=2218&format=png&auto=webp&s=18e27aceba17a97ed9350c578baa0d3897e81cb2)
\~100 companies reporting, the "Big 3" Tech, and a Central Bank double-header.

**MON Jan 26: The Warm Up**
\- Earn: $BKR (5.4% average historical volatility), $WRB (3.6%)
\- Macro: Ukraine/Russia/US talks continue in UAE.
\- Theme: Quiet before the storm.

**TUE Jan 27: The Real Economy**
\- Earn: $UNH (8.8%), $UPS (8.4%), $BA, $GM
\- Macro: Consumer Confidence & FOMC begins.
\- Theme: Industrial health. $UPS & $GM are the truth-tellers on consumer spending.

**WED Jan 28: CRITICAL PIVOT DAY**
\- Earn: $META (8.9%) | $MSFT (4.2%), $TSLA, $IBM
\- The Macro Double-Header:
\*\* BoC (9:45am): Rates likely Hold.
\*\* Fed (2:00pm): Rates likely Hold. 2026 language is the only thing that matters.

\- Earnings Theme: AI Test.
\*\* $MSFT: Can they defend the moat? Watch for analyst Qs on the Claude Excel plugin threat.
\*\* $META: Setup is potentially bullish. Muted price action lately + positive historical bias on earnings = potential for positive surprise. But watch for language on AI pipeline. Investors want results after massive talent/compute spend.

**THU Jan 29: Volatility Peak**
\- Earn: $DECK (13.1%) | $AAPL (2.3%), $V, $MA
\- Theme: $MA > $V? Mastercard's global mix shields them better from the "10% Interest Rate Cap" risk than US-heavy Visa.

**FRI Jan 30: High Beta Close**
\- Earn: $CHTR (11.8%) | $XOM, $CVX
\- Theme: Big Oil dividends & Charter's massive expected move to close the week.

**Let's discuss! What are you playing this earnings week?**

I'm old enough to remember when Rick Santelli went ape over government intervention in markets and the Tea Party rallied against government buying a stake in GM.

Source: [https://www.investopedia.com/what-to-expect-in-markets-this-week-fed-interest-rate-decision-earnings-from-microsoft-meta-tesla-apple-11890747](https://www.investopedia.com/what-to-expect-in-markets-this-week-fed-interest-rate-decision-earnings-from-microsoft-meta-tesla-apple-11890747)
# This Week’s Calendar
**Monday, Jan. 26**
* Durable-goods orders (November)
* Key Earnings: Nucor (NUE), Ryanair (RYAAY), Brown & Brown (BRO), W.R. Berkley (WRB), Steel Dynamics (STLD)
**Tuesday, Jan. 27**
* Consumer confidence (January)
* Key Earnings: UnitedHealth Group (UNH), RTX (RTX), Boeing (BA), Texas Instruments (TXN), NextEra Energy (NEE), Union Pacific (UNP), HCA Healthcare (HCA), Northrop Grumman (NOC), United Parcel Service (UPS), General Motors (GM)
**Wednesday, Jan. 28**
* FOMC interest rate decision
* Fed Chair Jerome Powell press conference
* Key Earnings: Microsoft (MSFT), Meta (META), Tesla (TSLA), ASML Holdings (ASML), International Business Machines (IBM), GE Vernova (GEV), AT&T (T), ServiceNow (NOW), Progressive (PGR), Starbucks (SBUX)

**Thursday, Jan. 29**
* U.S. trade deficit (November)
* More Data to Watch: Wholesale inventories (November), Factory orders (November), Initial jobless claims (Week ending Jan. 24)
* Key Earnings: Apple (AAPL), Visa (V), Mastercard (MA), Caterpillar (CAT), SAP (SAP), Thermo Fisher Scientific (TMO), Honeywell (HON), Lockheed Martin (LMT), Blackstone (BX)
**Friday, Jan. 30**
* Producer price index (December)
* Key Earnings: Exxon Mobil (XOM), Chevron (CVX), American Express (AXP), Verizon (VZ), Colgate-Palmolive (CL), Colgate-Palmolive.

Yeah, exactly.
Aside from the deal announced between China and Canada, there isn’t a deal between China and Canada.
They have nothing, if you ignore lifting tariffs on electric vehicle imports to Canada and lifting Chinese tariffs on Canadian agricultural products, absolutely nothing.
This won’t impact Ford, Tesla or GM at all, if you ignore the impacts on Ford, Tesla and GM.
It’s important to invest carefully in what you feel is happening, and ignore what actually is happening, or you might have to pay more tax on stock earnings.

Remember when Obama had to fix Bush's collapsed economy by owning a piece of GM? Wow, oh wow. The stream of con tears was nonstop. The gov't should be in the business of owning corporations. How dare they? Where are they now?

> But being overweight in Tech/Growth will most likely payoff and you can take risks at your age so go for it.
I’ll bite.
The leading growth stocks have a forward-looking valuation — they’re pricing hopes and dreams into what you pay today. Thing is, when those projections falter, so will the price. It’s inevitable that the cost of compute inputs and maximum revenue capture will reach an equilibrium, slowing future growth prospects. The latest technology eventually becomes a commodity, it’s really just a question of when and how fast that will happen.
About a century ago, General Motors had the largest market cap of any public company as automobiles were transforming commerce and people’s ability to travel, and they had just bought the upstart Frigidaire whose latest technology would have a lasting impact on agricultural industries, public health and quality of life. At the time, it was like Microsoft pouring money into OpenAI. Where are GM and Frigidaire now? You can numerous parallels throughout the history of our equity markets.
As for risk, starting principled investments early in accumulation gives that money the most time to grow and potentially be set up for life. Money OP loses today chasing hype doesn’t get to grow for 40+ years. A one-time investment of $10k into the S&P 500 in 1986 would be approaching $800k today, enough for a simple retirement in many states…

Some of these stocks have insane implied moves (= IV crush) or nasty bid/ask spreads and low volume. I'm thinking the following:
AMZN strangle Monday close before UPS since UPS fulfills so many amazon orders. Ford/Rivian strangle before GM earnings for sympathetic move. Visa options before FOMC but selling Thursday morning after Mastercard ER but before Thursday AH while IV is still high because that POS never moves after its own earnings. Finally MU 2/6 strangle before Thursday close since SNDK is reporting Friday PM and that 15% implied move is insane.

$LMT 5.0%
$NOW 8.0%
$IBM 6.5%
$ASML 6.9%
$GLW 7.8%
$STX 11.4%
$TXN 6.8%
$DECK 12.3%
$SYK 6.1%
$FFIV 10.7%
$SBUX 8.0%
$LC 16.3%
$WM 5.2%
$LVS 7.1%
$URI 6.7%
$FICO 11.2%
$HON 4.2%
$TSCO 5.6%
$GD 4.2%
$ADP 4.5%
$LOGI 8.8%
$UNH 5.6%
$BA 4.0%
$UPS 7.0%
$BRO 6.4%
$GM 6.2%
$RTX 4.9%
$AAL 7.1%
$EAT 12.5%
$OTIS 5.6%
$SMG 10.1%
$SYF 8.7%
$NOC 6.9%
$UNP 3.6%
$KMB 4.6%
$ROP 7.4%
$JBLU 11.7%
$PPG 4.2%

Tariffs will likely stick through other legal avenues even if Supreme Court rules against IEEPA. The threat of Chinese exportation of deflation (purposeful industrial overcapacity with excess inventory) is a national security issue for the ROW. Biden didn't even rescind the tariffs Trump imposed in his first term.
Every single goods touched by China, i.e., manufacturing industry that China had purposefully developed, has lead to deflation due to an overcapacity issue which plagues communist states as free-market principles are not adhered. What China plans is to essentially export excess inventory (deflation) out of its domestic enterprises by exporting cheap electronics with unsustainable margins, which kills and will kill almost all non-foreign manufacturing competition who cannot compete on price with Chinese peers (who are subsidized directly/indirectly, i.e., hidden). In fact, involution occurs even within their domestic industries.
The logic here is then, upon the death of foreign manufacturing competition, and as they position as a global manufacturing monopoly, will raise prices to make their companies self-sustainable (as the total reliance to Chinese goods & no alternative will give them pricing power) - what China ultimately wants is to raise the quality of life of its population, and raising prices in this context and thus raising margins will accelerate average wage growth and thus improve the quality of life of its population. For this to happen, they need to be a total global manufacturing monopoly, and this also means its a national security issue for US and ROW.
China has fantastic EVs, and go look at every 5Y stock chart of big OEMs that invested heavily in EVs due to regarded European ESG policies (stellantis, mercedes, renault, volkswagen, porche...etc), and these stocks went sideways even before April liberation days. Look at the big OEMS that haven't invested in EVs or rather invested in hybrids (GM, Ford, Toyota - Hyundai is kind of different case). Even Tesla suffering big drawdowns in their EV sale but its stock moons due to AI robotics hype.
It's a double edge sword, as tariffs definitely do hurt the US and the ROW (except certain industries that compete with China), but it hurts China considerably more.
Biggest benefactors are Korean and American shipbuilders, Korean military industrial complex, AI robotics, memory (cyclical)...etc
But I think there might be a slowdown coming. Go look at the inventory levels of US shipping ports - its decreasing. Back when there were "recession fears" in 2023 which ultimately turned out to be incorrect, inventory levels in US shipping ports actually increased (showing economic reacceleration).
It's still not too late for Trump to pass large fiscal flows, but there is also a case of inflation as if he does provide large direct fiscal help, sticky inflation could rebound now which could mean raising rates at the end of his term and giving the presidency to the democrats. However, he needs to also win the midterms this year, and the biggest problem for voters is inflation regardless of his parroting of "stock market all time high" - he could be sacrificing the stock market at the expense of inflation/bond market. Most likely scenario is inflation also creeps up but not as fast as Covid. Frankly, it all depends on what Trump will do and you can't really predict this except that tariffs are likely to stay.
Why do you think both NDX and SPY went nowhere for three months?

Puts on $GM and calls on $COST - got it !!

Ford would get wrecked by this as they did in 2025.
Canada is a huge market with many of their parts including the engine needing to cross the border several times during production. Their whole body is made from aluminum.
Ford & GM are the most seen trucks on the road here. The admin has already killed their EV divisions.

Ford and GM is going to enter the banking sector after FDIC approval.
auto loan debt bubble about to reach new heights lmao.