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Gm Stocks Go Down 23% In One Day! By Trevor Shipp On November 10, 2008 GM stock dropped big; in fact, some Wall Street analysts are saying that GM would have a difficult time recovering, even in the government swooped in and gave them a little chunk of the bailout.
Chances of that aren't great, especially considering the bailout plan wasn't really written for automakers. Soon-to-be President Obama mentioned wanting to try to get some money thrown that way, but in order for something like that to happen, Congress would have to get together and create some sort of amendment stating that automakers have part in the big bailout.
Fact is, you better hope you don't own any GM stock!
GM is looking to pick up about $25 billion in government loans, which would greatly decrease the likely hood of their bankruptcy; that said, even that wouldn't guarantee anything. Due to the dire state of
Stocks to Watch: Stocks in focus: Ciena, Men's Wearhouse, Talbots Among the companies whose shares are expected to see active trade in Wednesday's session are Ciena Corp., Men's Wearhouse, and Talbots.
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<a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=o3OF-8TuXrg:aVhmtPRFr2c:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=o3OF-8TuXrg:aVhmtPRFr2c:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=o3OF-8TuXrg:aVhmtPRFr2c:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=o3OF-8TuXrg:aVhmtPRFr2c:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=o3OF-8TuXrg:aVhmtPRFr2c:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=o3OF-8TuXrg:aVhmtPRFr2c:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=qj6IDK7rITs" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/marketwatch/stockstowatch/~4/o3OF-8TuXrg" height="1" width="1"/> Stocks to Watch: Stocks to watch: Casey's, Phillips-Van Heusen Among the companies whose shares are expected to see active trade in Tuesday's session are Casey's General Stores Inc., Phillips-Van Heusen Corp., and Flow International Corp. U.S stock markets are closed Monday for the Labor Day holiday.
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<a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=9yUx-47os7c:TdoWJCGJlGs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=9yUx-47os7c:TdoWJCGJlGs:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=9yUx-47os7c:TdoWJCGJlGs:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=9yUx-47os7c:TdoWJCGJlGs:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=9yUx-47os7c:TdoWJCGJlGs:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=9yUx-47os7c:TdoWJCGJlGs:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=qj6IDK7rITs" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/marketwatch/stockstowatch/~4/9yUx-47os7c" height="1" width="1"/> Stocks to Watch: Stocks in focus Tuesday: Casey's, Flow Int'l Among the companies whose shares are expected to see active trade in Tuesday's session are Casey's General Stores Inc., Phillips-Van Heusen Corp., and Flow International Corp.
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<a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=MhoTyyGwuuM:yeWVGEsPvV8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=MhoTyyGwuuM:yeWVGEsPvV8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=MhoTyyGwuuM:yeWVGEsPvV8:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=MhoTyyGwuuM:yeWVGEsPvV8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=MhoTyyGwuuM:yeWVGEsPvV8:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=MhoTyyGwuuM:yeWVGEsPvV8:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=qj6IDK7rITs" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/marketwatch/stockstowatch/~4/MhoTyyGwuuM" height="1" width="1"/> Stocks to Watch: Stocks in focus Friday: Campbell Soup, Take-Two Among the companies whose shares are expected to see active trade in Friday?s session are Campbell Soup Co., Take-Two interactive Software Inc. and H&R Block Inc.
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<a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=vwlRYz8qs64:aNKwQpO2Qxo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=vwlRYz8qs64:aNKwQpO2Qxo:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=vwlRYz8qs64:aNKwQpO2Qxo:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=vwlRYz8qs64:aNKwQpO2Qxo:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=vwlRYz8qs64:aNKwQpO2Qxo:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=vwlRYz8qs64:aNKwQpO2Qxo:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=qj6IDK7rITs" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/marketwatch/stockstowatch/~4/vwlRYz8qs64" height="1" width="1"/> Stocks to Watch: Stocks in focus Thursday: Take-Two, Del Monte A roundup of companies whose shares are expected to see active trade in Thursday?s session.
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<a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=f41OFw2nDb8:artAATVV_-g:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=f41OFw2nDb8:artAATVV_-g:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=f41OFw2nDb8:artAATVV_-g:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=f41OFw2nDb8:artAATVV_-g:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=f41OFw2nDb8:artAATVV_-g:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=f41OFw2nDb8:artAATVV_-g:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=qj6IDK7rITs" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/marketwatch/stockstowatch/~4/f41OFw2nDb8" height="1" width="1"/> Stocks to Watch: Stocks in focus Wednesday: Heinz, Hovnanian Among the companies whose shares are expected to see active trade in Wednesday?s session are H.J. Heinz Co., Collective Brands Inc. and Hovnanian Enterprises Inc.
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<a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=4UzoQXLjtDg:3qDHkylnbAw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=4UzoQXLjtDg:3qDHkylnbAw:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=4UzoQXLjtDg:3qDHkylnbAw:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=4UzoQXLjtDg:3qDHkylnbAw:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=4UzoQXLjtDg:3qDHkylnbAw:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=4UzoQXLjtDg:3qDHkylnbAw:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=qj6IDK7rITs" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/marketwatch/stockstowatch/~4/4UzoQXLjtDg" height="1" width="1"/> Stocks to Watch: Stocks in focus Tuesday: Dollar General, H-P Among the companies whose shares are expected to see active trade in Tuesday?s session are Dollar General, Hewlett-Packard and Winn-Dixie.
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<a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=vPsgel3Bxuc:kEpmPx5c03g:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=vPsgel3Bxuc:kEpmPx5c03g:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=vPsgel3Bxuc:kEpmPx5c03g:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=vPsgel3Bxuc:kEpmPx5c03g:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=vPsgel3Bxuc:kEpmPx5c03g:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=vPsgel3Bxuc:kEpmPx5c03g:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=qj6IDK7rITs" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/marketwatch/stockstowatch/~4/vPsgel3Bxuc" height="1" width="1"/> Stocks to Watch: Stocks in focus: Donaldson, Winn-Dixie, 3Par, H-P Among the companies whose shares are expected to see active trade in Monday's session are Donaldson, Winn-Dixie Stores and 3Par.
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<a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=mZnCHB34vyk:bvT9F353XTk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=mZnCHB34vyk:bvT9F353XTk:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=mZnCHB34vyk:bvT9F353XTk:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=mZnCHB34vyk:bvT9F353XTk:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=mZnCHB34vyk:bvT9F353XTk:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=mZnCHB34vyk:bvT9F353XTk:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=qj6IDK7rITs" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/marketwatch/stockstowatch/~4/mZnCHB34vyk" height="1" width="1"/> Stocks to Watch: Stocks in focus Friday: Tiffany, H-P, Dell, 3Par Among the companies whose shares are expected to see active trade in Friday's session are Tiffany, Hewlett-Packard, Dell and 3Par.
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<a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=YDkVVItJTgM:Q8yRD6cCrgo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=YDkVVItJTgM:Q8yRD6cCrgo:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=YDkVVItJTgM:Q8yRD6cCrgo:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=YDkVVItJTgM:Q8yRD6cCrgo:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=YDkVVItJTgM:Q8yRD6cCrgo:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=YDkVVItJTgM:Q8yRD6cCrgo:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=qj6IDK7rITs" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/marketwatch/stockstowatch/~4/YDkVVItJTgM" height="1" width="1"/> Stocks to Watch: Stocks in focus Thursday: J. Crew, Novell, Guess Among the companies whose shares are expected to see active trade in Thursday's session are J. Crew, Novell and Guess.
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<a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=xTPXtwbOgb0:m9tdBAGKmkk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=xTPXtwbOgb0:m9tdBAGKmkk:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=xTPXtwbOgb0:m9tdBAGKmkk:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=xTPXtwbOgb0:m9tdBAGKmkk:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?i=xTPXtwbOgb0:m9tdBAGKmkk:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/stockstowatch?a=xTPXtwbOgb0:m9tdBAGKmkk:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/stockstowatch?d=qj6IDK7rITs" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/marketwatch/stockstowatch/~4/xTPXtwbOgb0" height="1" width="1"/>
the American economy, automakers like Ford, GM, and Chrystler may end up downsizing beyond recovery.
GM reported a $2.5 billion loss in its third quarter financial statements. In such at terrible state, there was talk that possibly GM and Chrystler would get together and form some sort of merger; now, after that fell through, investors' confidence in both companies continue to fall. We may have witnessed the rise and fall of some of the greatest American companies ever formed!
So what does that mean to you and I? For starters, buying GM, Ford, or Chrystler stock would is a serious gamble. Be careful about what you invest in! Though the returns could potentially be huge if you invest in one of these down-spiraling companies while are at a discount, you still need to consider the risk.
Any number of them could go out of business.
Trevor Shipp, the author, works as an online business consultant, student, husband, and business owner. Only just recently married, he and his wife take a serious approach to personal finance in their early years. Follow him on his personal finance blog, answering the question as to how to manage personal finances. |
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