5 Best Falling Stocks to Buy Now

In this article, we will discuss the 5 best falling stocks to buy now. If you want to explore similar stocks, you can read 12 Best Falling Stocks to Buy Now.

5. General Motors Company (NYSE:GM)

Year-To-Date Decline as of November 25: 33.86%

Number of Hedge Fund Holders: 74

General Motors Company (NYSE:GM) is among the largest automakers in the world a long history and a strong brand. The company is focused on improving its core business and is making significant investments in new technologies, including electric and autonomous vehicles. General Motors Company (NYSE:GM) has been taking a beating in 2022 and is down 33.86% for the year, as of November 25. However, the company has long-term growth potential and is well-positioned to benefit from the shift to electric vehicles and the growth of the Chinese market.

General Motors Company (NYSE:GM) is a financially strong company that is currently trading at bargain levels. The company has free cash flows of $1.13 billion and is trading at a PE multiple of 6x, as of November 25. The stock is ranked among the best falling stocks to buy now.

On October 26, JPMorgan analyst Ryan Brinkman raised his price target on General Motors Company (NYSE:GM) to $59 from $58 and maintained an Overweight rating on the shares.

At the end of Q3 2022, 74 hedge funds were long General Motors Company (NYSE:GM) and held stakes worth $3.32 billion in the company. Of those, Berkshire Hathaway was the top investor in the company and held a position worth $1.60 billion.

Here is what Diamond Hill Capital had to say about General Motors Company (NYSE:GM) in its third-quarter 2022 investor letter:

“Most recently, we initiated a position in General Motors Company (NYSE:GM), one of the largest automakers in the United States. Over the past several years, GM has taken steps necessary to focus the company on the most profitable segments and move into position to compete in an electrified and autonomous world. With the recent rise in interest rates there was a meaningful selloff in the auto industry, which presented us an attractive entry point to a name we know well.”