We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Garmin (GRMN - Free Report) was primarily a maker of navigation devices for cars, boats and airplanes. But over the past few years, as the market for car specific GPS has slowed down because of rising popularity of smartphones with GPS, the company has expanded into fitness and outdoor wearables.
Their focus on innovation and diversification continues to drive growth. While revenues from their auto segment continues to decline; revenues from outdoor and fitness segments are growing strongly.
They reported last week, beating on both the top and bottom lines and also raised their guidance for the year. They have also been returning a lot of cash to shareholders in the form of dividends and share buybacks.
Analysts have raised their estimates for the company, sending the stock to a Zacks Rank #1 (Buy) after results.
General Motors (GM - Free Report) earnings more than doubled year-over-year and revenues were up 10% year-over-year. Strong truck sales in the US and growth in China sales helped results. Shares fell after the report on worries regarding their business in Europe due to Brexit impact.
Estimates for the current and next year have gone up substantially after results.
The stock is now a Zacks Rank #1 (Strong Buy) with a VGM score of “A”. Trading at 5.25 times forward earnings and with a dividend yield of 4.81%, the stock is definitely worth a look despite peak auto and Brexit related concerns.
GM has been preparing itself for the future of transportation. Earlier this year they bought Cruise Automation, a start-up for about $1 billion, they have invested $500 million in ride sharing company Lyft; they have a car sharing service called Maven. Recently, they announced a partnership with IBM for artificial intelligence. IBM’s Watson technology will make GM cars smarter.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
This Week's Top Growth & Income Stocks
Garmin (GRMN - Free Report) was primarily a maker of navigation devices for cars, boats and airplanes. But over the past few years, as the market for car specific GPS has slowed down because of rising popularity of smartphones with GPS, the company has expanded into fitness and outdoor wearables.
Their focus on innovation and diversification continues to drive growth. While revenues from their auto segment continues to decline; revenues from outdoor and fitness segments are growing strongly.
They reported last week, beating on both the top and bottom lines and also raised their guidance for the year. They have also been returning a lot of cash to shareholders in the form of dividends and share buybacks.
Analysts have raised their estimates for the company, sending the stock to a Zacks Rank #1 (Buy) after results.
General Motors (GM - Free Report) earnings more than doubled year-over-year and revenues were up 10% year-over-year. Strong truck sales in the US and growth in China sales helped results. Shares fell after the report on worries regarding their business in Europe due to Brexit impact.
Estimates for the current and next year have gone up substantially after results.
The stock is now a Zacks Rank #1 (Strong Buy) with a VGM score of “A”. Trading at 5.25 times forward earnings and with a dividend yield of 4.81%, the stock is definitely worth a look despite peak auto and Brexit related concerns.
GM has been preparing itself for the future of transportation. Earlier this year they bought Cruise Automation, a start-up for about $1 billion, they have invested $500 million in ride sharing company Lyft; they have a car sharing service called Maven. Recently, they announced a partnership with IBM for artificial intelligence. IBM’s Watson technology will make GM cars smarter.