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The Zacks Analyst Blog Highlights General Motors, Modine Manufacturing, BYD and Suzuki Motor
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For Immediate Release
Chicago, IL – October 16, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: General Motors Co. (GM - Free Report) , Modine Manufacturing Co. (MOD - Free Report) , BYD Co., Ltd. (BYDDY - Free Report) and Suzuki Motor Corp. (SZKMY - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
GM Partners with Barclays to Offer Exclusive Rewards
General Motors Co.and Barclays US Consumer Bank have entered into a long-term agreement. Per the contract, Barclays will become the exclusive issuer of the GM Rewards Mastercard and GM Business Mastercard in the United States starting next summer.
Per S&P Global Mobility, GM boasts the largest customer base among U.S. automakers and has led the industry in customer loyalty for nine years. These advantages have made GM's credit card portfolio, introduced in 1992, one of the longest-running co-branded credit card programs in the country, which attracted millions of dedicated customers.
GM Rewards cardholders can earn and redeem points on new Chevrolet, Cadillac, Buick and GMC vehicles, including GM's new electric vehicle (EV) lineup, as well as on vehicle servicing and accessories. The new partnership with Barclays will offer cardmembers exclusive rewards and experiences that only GM can provide.
Per Paul Jacobson, executive vice president and CFO of General Motors, the company aims to make the GM Rewards Mastercard a favorite among consumers by offering high-value rewards and unique experiences. For Barclays, this deal will further expand its U.S. credit card portfolio, aligning with its strategy to partner with top American brands. As part of the partnership, Barclays will acquire the card program's receivables from the current issuer next year.
Current My GM Rewards cardmembers can continue using their cards and will be notified with instructions before the transition to Barclays. The GM credit card program will remain exclusively under the Mastercard brand, which offers additional benefits to cardholders.
General Motors is swiftly advancing in its electrification journey. It aims to achieve improved sales and profitability in its EV business by reducing battery costs, introducing new models and scale expansion. General Motors' existing and upcoming EV offerings, including Cadillac Celestiq, Chevrolet Silverado EV, Cadillac Escalade IQ, Chevrolet Blazer EV, Chevrolet Equinox EV, Cadillac Lyric, GMC Hummer EV SUV and pickup, GMC Sierra EV, Cadillac Optiq and BrightDrop Zevo, are expected to drive the company's EV momentum.
GM's Zacks Rank & Key Picks
General Motors currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Modine Manufacturing Co., BYD Co., Ltd. and Suzuki Motor Corp., each sporting a Zacks Rank #1 (Strong Buy) at present. You can seethe complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MOD's fiscal 2025 sales and earnings suggests year-over-year growth of 8.44% and 18.77%, respectively. Earnings per share (EPS) estimates for fiscal 2025 and 2026 have improved by a penny and 8 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for BYDDY's 2024 sales and earnings suggests year-over-year growth of 21.88% and 17.12%, respectively. EPS estimates for 2024 and 2025 have each improved by a penny in the past 30 days.
The Zacks Consensus Estimate for SZKMY's fiscal 2025 sales and earnings suggests year-over-year growth of 7.36% and 22.51%, respectively. EPS estimates for fiscal 2025 and 2026 have improved by 78 cents and 99 cents, respectively, in the past 60 days.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights General Motors, Modine Manufacturing, BYD and Suzuki Motor
For Immediate Release
Chicago, IL – October 16, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: General Motors Co. (GM - Free Report) , Modine Manufacturing Co. (MOD - Free Report) , BYD Co., Ltd. (BYDDY - Free Report) and Suzuki Motor Corp. (SZKMY - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
GM Partners with Barclays to Offer Exclusive Rewards
General Motors Co.and Barclays US Consumer Bank have entered into a long-term agreement. Per the contract, Barclays will become the exclusive issuer of the GM Rewards Mastercard and GM Business Mastercard in the United States starting next summer.
Per S&P Global Mobility, GM boasts the largest customer base among U.S. automakers and has led the industry in customer loyalty for nine years. These advantages have made GM's credit card portfolio, introduced in 1992, one of the longest-running co-branded credit card programs in the country, which attracted millions of dedicated customers.
GM Rewards cardholders can earn and redeem points on new Chevrolet, Cadillac, Buick and GMC vehicles, including GM's new electric vehicle (EV) lineup, as well as on vehicle servicing and accessories. The new partnership with Barclays will offer cardmembers exclusive rewards and experiences that only GM can provide.
Per Paul Jacobson, executive vice president and CFO of General Motors, the company aims to make the GM Rewards Mastercard a favorite among consumers by offering high-value rewards and unique experiences. For Barclays, this deal will further expand its U.S. credit card portfolio, aligning with its strategy to partner with top American brands. As part of the partnership, Barclays will acquire the card program's receivables from the current issuer next year.
Current My GM Rewards cardmembers can continue using their cards and will be notified with instructions before the transition to Barclays. The GM credit card program will remain exclusively under the Mastercard brand, which offers additional benefits to cardholders.
General Motors is swiftly advancing in its electrification journey. It aims to achieve improved sales and profitability in its EV business by reducing battery costs, introducing new models and scale expansion. General Motors' existing and upcoming EV offerings, including Cadillac Celestiq, Chevrolet Silverado EV, Cadillac Escalade IQ, Chevrolet Blazer EV, Chevrolet Equinox EV, Cadillac Lyric, GMC Hummer EV SUV and pickup, GMC Sierra EV, Cadillac Optiq and BrightDrop Zevo, are expected to drive the company's EV momentum.
GM's Zacks Rank & Key Picks
General Motors currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Modine Manufacturing Co., BYD Co., Ltd. and Suzuki Motor Corp., each sporting a Zacks Rank #1 (Strong Buy) at present. You can seethe complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MOD's fiscal 2025 sales and earnings suggests year-over-year growth of 8.44% and 18.77%, respectively. Earnings per share (EPS) estimates for fiscal 2025 and 2026 have improved by a penny and 8 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for BYDDY's 2024 sales and earnings suggests year-over-year growth of 21.88% and 17.12%, respectively. EPS estimates for 2024 and 2025 have each improved by a penny in the past 30 days.
The Zacks Consensus Estimate for SZKMY's fiscal 2025 sales and earnings suggests year-over-year growth of 7.36% and 22.51%, respectively. EPS estimates for fiscal 2025 and 2026 have improved by 78 cents and 99 cents, respectively, in the past 60 days.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.