12 Most Undervalued NYSE Stocks to Buy Now

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6. General Motors Company (NYSE:GM)

Forward P/E Ratio as of July 8: 5.72

Number of Hedge Fund Holders: 79

General Motors Company (NYSE:GM) is one of the most undervalued NYSE stocks to buy now. In the first week of July, General Motors initiated a recall for over 42,000 Blazer EV vehicles from the 2024-2025 model years due to a potential issue with the rear parking brake wiring harness.

This harness may become damaged or corroded, which could lead to the unintended activation of the parking brake or a complete loss of its function. The recall specifically impacts Blazer EVs built before January 31 this year, when an updated wiring harness was introduced.

Owner notification letters are expected to be mailed starting on August 11 this year. The Blazer EV is one of GM’s best-selling electric vehicles, with sales of 6,187 units in Q1, representing a 931% year-over-year increase.

General Motors Company (NYSE:GM) designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide.

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