Why Are These 4 Stocks on the Move?

Despite Tesla Motors Inc (NASDAQ:TSLA) widening its automotive technology lead by introducing an innovative self-park and summon feature over the weekend, General Motors Company (NYSE:GM) is also doing well today, as its shares are 2% higher. Investors are buying because analysts at Credit Suisse upped their price target on General Motors by $1 to $38 per share and upgraded their rating on the stock to ‘Outperform’ from ‘Neutral’. Credit Suisse analysts wrote:

“We see many company-specific factors that will likely support higher-than-expected earnings power, both at current volume levels, as well as trough.”

Although its stock is in the red year-to-date because of the recent stock market turbulence in China, General Motors Company (NYSE:GM) has plenty of value, as its shares trade at 5.46-times forward earnings and offer a dividend yield of 4.88%.

Last but not least, Alcoa Inc (NYSE:AA) shares are now trending down despite the company disclosing that it won a big $1.5 billion contract from General Electric Company (NYSE:GE)’s aviation unit. Under the terms of the deal, Alcoa Inc (NYSE:AA) will provide advanced nickel-based superalloy, aluminum, and titanium components for a broad range of GE Aviation engine programs. Alcoa won around $9 billion in aerospace supply contracts in 2015. The company will report its latest quarterly earnings after the market close today.

Disclosure: None