Berkshire Hathaway Inc. (NYSE:BRK.A), Warren Buffett’s heavyweight holding company, has been a little under the weather lately as some of its portfolio components drifted down. General Motors Company (NYSE:GM), in which the billionaire has a 2.49% stake or 40,000,000 shares (according to CNBC), has managed an approximately 6.35% percent upswing in the last 30 days and gained 1.54% throughout the day, up to almost $32.3. TheStreet announced that the stock is no longer lagging behind other investments undertaken by the conglomerate.
“GM recalls no longer slowing down Warren Buffett’s portfolio. […] Stock is down more than 20% this year but shares are up 6% in the last month, making someone wonder if GM is oversold. Obviously, General Motors Company (NYSE:GM) will continue to fight off some of the bad press that comes along with its ongoing recall,” said Jonathan Marino.
Ford Motor Company (NYSE:F) is doing much better, financially speaking, because the manufacturer has an almost 10% increase in valuation throughout the same period, trading at a price of about $15.4. On the other hand, Honda Motor Co Ltd (ADR) (NYSE:HMC) and Nissan are exhibiting more modest numbers than their US counterparts, probably a sign that American market is rehabilitating at a faster pace. In any case, General Motors Company (NYSE:GM) boasts with impressive performance both at home and abroad.
“In China, abroad, GM recently sold its 3 millionth vehicle for the second consecutive year and continues to boost sales there. The good news at home is that GM is leading automakers in market share for sales this year, even despite 2.5 million recalls,” informed Jonathan Marino.
Most probably, as soon as the news about issues in the vehicles wears off there will be even more room for growth for General Motors Company (NYSE:GM). Although there are no vivid prospects as to where the current price might head to, some might expect even more potential from General Motors Company (NYSE:GM)’s operations.
Free Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.