The charts in this car stock look attractive after months of trading in a range, says Jay Woods
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General Motors has quietly been one of the better comeback stories in the market. While shares are only higher by roughly 1% year to date, don't let that fool you. …
General Motors has quietly been one of the better comeback stories in the market. While shares are only higher by roughly 1% year to date, don't let that fool you. GM has surged nearly 70% over the past 52 weeks as investors have rewarded a leaner, more disciplined company focused on margins, cash flow and shareholder returns. Full disclosure, I have a love/hate relationship with this stock. It was one of the first stocks I ever owned. I was gifted two shares in second grade and held them until they went bankrupt and were delisted from the NYSE in 2009. It broke my heart, but I have moved on and so have they. They returned to the NYSE in late 2010 and now, over a decade later, it's back on my radar. This is not the same GM simply known as a cyclical auto manufacturer. The company under CEO Mary Barra's leadership has navigated through several obstacles and is starting to see results from newer growth opportunities. The latest catalyst? Defense. GM's newly announced collaboration with Lockheed Martin could open the door to a completely different growth vertical. I wrote about Lockheed Martin in early May and it continues to churn slowly higher. Now we ask, will this partnership help GM move to a new level? Let's look to the charts for answers… Technically, the stock has spent the last few months stuck in neutral, digesting that massive move over the second half of 2025. Now the setup is starting to look much more constructive. …
Original source: CNBC Top News