8 Top Auto Stocks to Buy In 2021

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4. General Motors Co. (GM)

In 2020, shares of GM, a legacy American automaker, have outperformed S&P 500 by about 17%. Investors, according to Wall Street analyst John Murphy, don’t fully appreciate GM’s profitability, which included $4 billion in net income in the third quarter. This profitability stands out even more when compared to other EV technology leaders who struggle to generate positive net income on a consistent basis. GM announced in November that it would invest up to $27 billion in electric and autonomous vehicles by 2025, including the introduction of 30 new EV models. The stock of General Motors has a “buy” rating and a $72 price target from Bank of America.


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