Monday, April 28, 2008

GM bulls looking for a Ford-like surprise

SAN FRANCISCO (MarketWatch) -- General Motors Corp. investors have to be feeling pretty confident ahead of the automaker's quarterly results due Wednesday, considering the feverish bull rush that greeted the surprise profit from Ford Motor Co. earlier this week.

While most analysts following the Detroit giant's road to recovery don't envision a profit this quarter, Wall Street Strategies' David Silver actually modeled GM to eke out a gain of 2 cents a share. 

As his favorite pick in the industry, GM "has a larger international footprint, a larger share of emerging economies, and is further along on its restructuring initiatives," Silver said.  He added that he's looking for GM to benefit from "strong growth in China, India, and Russia ... but mainly for more cost savings in North America."

Click here on the link to read the full report http://www.marketwatch.com/news/story/gm-report-follow-fords-surprise/story.aspx?guid=%7B744A9528%2D3C42%2D4A84%2DB001%2D3B05C1F2C000%7D&siteid=yhoof