Was Jim Cramer Right About General Motors Company (GM)?
We recently published a list of In this article, we are going to take a look at where General Motors Company (NYSE:GM) stands against other stocks that Jim Cramer discusses.
In that older episode, a longtime shareholder asked Cramer whether he should swap his shares of General Motors Company (NYSE:GM) for Ford, given GM's buyback program and Ford's higher dividend. Cramer said:
'Oh well, you know one is in the charitable trust, Ford is. But this GM buyback of Mary Barra's has really worked, and I think the stock's going higher. […] Right now, stick with GM. I'm not going to urge you to sell. […] I can't say swap one for the other right now. You got the one with the buyback that's what matters.'
Cramer was right not to panic as GM rose a modest 9.91% afterward. General Motors Company (NYSE:GM) is investing heavily in electric vehicle innovation, relaunching the Chevy Bolt with lower-cost lithium iron phosphate batteries to broaden market reach.
A group of technicians in a garage, inspecting car parts and ensuring safety compliance.
Comparing the two automakers again recently, here's what Cramer said about them on May 1st:
'You know, listen, Phil, you had an amazing interview with Mary Barra [GM CEO], I've got to ask you, it looks like that Ford has an edge on GM. When it comes to what's going on. In terms of tariffs. Because I think that Jim Farley for whatever reason makes much more in pure America than GM does. [Phil agreed]'
Overall, GM ranks 7th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GM and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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