Money Morning

Guess Who Responded to Our “Warning” Column on General Motors (NYSE: GM)

Untitled

Our warning column on General Motors Co.(NYSE: GM) really seemed to resonate.

It generated a lot of emotion, eliciting some personal experiences from you folks and even a few suggestions that we recommend “shorting” the stock.

But it wasn’t just our subscribers who responded to that analysis.

We also received a very strong response from GM itself.

Wells Fargo (NYSE: WFC) Starts Big Banks Earnings Season with a Profit Rise and Revenue Drop

Untitled

Wells Fargo & Co. (NYSE: WFC) kicked off second-quarter bank earnings season Friday morning. While the bank didn’t deliver any surprises, its numbers failed to impress.

Shares of the largest U.S. bank by market cap, up 28.5% since October, fell nearly 2% to $50.82 on brisk volume following the uninspiring report.

The post Wells Fargo (NYSE: WFC) Starts Big Banks Earnings Season with a Profit Rise and Revenue Drop appeared first on Money Morning – Only the News You Can Profit From.

Here’s What the Recalls Mean for GM Stock

I cannot overstate what a big role General Motors (NYSE: GM) has played in my life. So, it saddens me when I see the headlines about recalls over the past few years – this year alone, about 29 million worldwide.

Many on Wall Street and in the mainstream financial media are saying this is a “Buy” opportunity.

The post Here’s What the Recalls Mean for GM Stock appeared first on Money Morning – Only the News You Can Profit From.