Schaeffer's Top Stock Picks for '25

3 Auto Stocks in Focus Amid Honda-Nissan Buzz

GM is outperforming STLA and F in 2024 by a long shot

Deputy Editor
Dec 23, 2024 at 2:11 PM
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The auto sector is in focus today, as companies big and small wrestle with Honda Motor (HMC) and Nissan Motor moving forward with merger talks, with plans to reach a conclusion in June of 2025 and potentially form the third largest automaker in the world. With this backdrop, now looks like a good time to check in on three other big-time auto names. 

Ford Motor Co (NYSE:F) stock is trading at $9.84 today, not too far removed from its Aug. 5 three-year low of $9.49. The $11.30 level has thwarted several rallies since those early-August lows, and the stock has yet to recover from last week's Jefferies downgrade, which pushed it below former support at $10.30. Year to date, the equity is down 17.9%. 

Shares of General Motors Co (NYSE:GM) are up 0.7% at $52.17, on track for their third-straight win after bouncing off the $50 level, long-term level of pressure until flipping to support in late October. Prior to its most recent pullback, GM hit a nearly three-year high of $26.30 on Nov. 10, and made headlines earlier this month after ditching its robotaxi unit. Since the start of the year, the security is up 45%. 

Stellantis NV (NYSE:STLA) stock is trading at $12.87, at last look. The shares have been pulling back from a ceiling at the $14 level toward their recent Dec. 2 two-year low of $12.12, which came after news of the company's CEO departure. Since the start of the year, the STLA is down 44.8%. 

 
 

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