13 Stocks Jim Cramer Recently Talked About

3. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 64

A caller asked Cramer what they should do about General Motors Company (NYSE:GM) and here’s what he said:

“You own the stock and Mary Barra is better than the four times earnings PE that you’re getting there. I think that’s reflecting every bit of the bad and not a lot of the good. Keep in mind, Ford disappointed again tonight. That could move GM stock down. I would be a buyer.”

General Motors Company (NYSE:GM) designs, manufactures, and sells a variety of vehicles and automobile parts while offering software-driven services and subscriptions. Its vehicle brands include Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling. Hotchkis & Wiley Funds stated the following regarding General Motors Company (NYSE:GM) in its Q3 2024 investor letter:

“General Motors Company (NYSE:GM) is one of the world’s largest manufacturers of passenger vehicles. GM reported a strong Q2; however, management provided a cautious outlook for the second half of 2024. Comments from GM mirrored those of other OEMs and auto suppliers, leading investors to believe the automotive cycle has peaked. We believe this is an overreaction, and we continue to view GM as an attractive investment. We like GM for many reasons. First, we believe GM has leading market positions in its main business segments. Second, the valuation is extremely attractive. Finally, it is a strong free cash flow generator, and the management team is committed to repurchasing their undervalued shares.”