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GM is outperforming rivals in internal combustion vehicles and electric vehicles.
General Motors (GM 3.40%) reported phenomenal results for the third quarter of 2024, showing both strong top-line growth and higher-than-expected profitability. The stock is up 9% at 1:00 p.m. ET, and in this video, Travis Hoium tells you why there's still long-term upside for shareholders.
*Stock prices used were end-of-day prices of Oct. 22, 2024. The video was published on Oct. 22, 2024.
Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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