Posted on January 18, 2021
We’re going full-bore, old school today with a trade on General Motors Co. (NYSE:GM), the world’s latest entrant into the world of EV stock hype.
Now, she’s no Tesla; that’s for darn sure. Which is to say, she don’t go blowing up with the same frequency.
Rather, GM has now made a strong move into the delivery/logistics market with her BrightDrop range of products, designed to help you get fatter while you order everything online and get shorter wait times for delivery.
Last week, GM rolled out her “ecosystem of electric first-to-last-mile products” and her stock gapped higher like a sexy Silicon Valley start-up doll, with big volume to boot!
We’ll get to the charts shortly, but first, a quick scan of the fundamentals shows nothing too egregious –
So, apparently, we’re not the only ‘last-mile’ skeptics here.
And if the G-d of Israel wills it, so will it be.
With kind regards,
Hugh L. O’Haynew