GM Stocks Will Be Driving Upward

GM is one of America's largest vehicle manufacturing company. At the start of the pandemic, in March 2020 last year, GM dropped significantly, since, it has made a remarkable recovery and is currently sitting as a dominant market player. They are currently bound to have a solid dividend payout, as evident through the earnings report. Specifically, their current price to earnings ratio is 23.26, which is promising and their current price to sales is 0.63, meaning their current price does not cover their acquired assets or liabilities. All signs in their earnings and valuation indicate that this is a great stock to buy. As society digitalizes, people would like to drive vehicles that do not stop rely on gas and carbon emissions. GM allocates resources to developing electrical vehicles just like tesla. When studying Tesla, the stocks have skyrocketed, thus showing the potential GM can have. Through its focus on electric vehicles, the stocks can only go up.