5 Robinhood Stocks To Buy That Are Too Cheap To Ignore

1. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 74

Share Price as of November 28: $40.46

General Motors Company (NYSE:GM) is another automobile manufacturer on our list. It is based in Detroit, Michigan.

Rod Lache, an analyst at Wolfe Research, holds a Peer Perform rating on General Motors Company (NYSE:GM) as of November 10.

General Motors Company (NYSE:GM) reported exemplary top and bottom-line growth quarter-over-quarter and year-over-year in the third quarter, with its sustained gross margins of 14.1% against 14.4% in the third quarter of 2021. The company boosted its EPS to $2.25 against estimates of $1.88. Its free cash flow generation was also impressive, standing at $0.23 billion and showing a notable improvement from the previous quarter.

Our hedge fund data shows 74 funds long General Motors Company (NYSE:GM) in the third quarter. Their total stake value was $3.3 billion.

Diamond Hill Capital, an investment management company, mentioned General Motors Company (NYSE:GM) in its third-quarter 2022 investor letter. Here’s what the firm said:

“Most recently, we initiated a position in General Motors Company (NYSE:GM), one of the largest automakers in the United States. Over the past several years, GM has taken steps necessary to focus the company on the most profitable segments and move into position to compete in an electrified and autonomous world. With the recent rise in interest rates there was a meaningful selloff in the auto industry, which presented us an attractive entry point to a name we know well.”

See also 10 Reddit Stocks That Are Too Cheap To Ignore and 10 Cheap Monthly Dividend Stocks To Buy.