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Auto Stocks: Impact of Labor Strikes
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Apple Stock Faces Challenges with 35% Up...
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General Motors and Ford Motor are seen as cheap after labor strikes, with Barclays analysts upgrading GM and Ford to a hold rating. GM has withdrawn its 2023 guidance due to rising costs from UAW strikes, impacting its profit and EV production strategy. GMS Inc. receives a moderate buy rating, while GM is downgraded to a hold rating by StockNews.com. Greenwood Gearhart Inc. increases its stake in GM, with analysts setting new price targets and GM reporting better-than-expected quarterly earnings.
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How might the impact of labor strikes on auto stocks extend to other industries?
In what ways could the withdrawal of GM's 2023 guidance and the increase in stake by Greenwood Gearhart Inc. influence the stock market?
What factors should investors consider when evaluating the long-term implications of labor strikes on the automotive sector?
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