Sell in May and go away? Think again [CNN]
General Motors Company (GM)
Last general motors company earnings: 2/5 08:05 am
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Source: CNN
New York CNN — It's “sell in May and go away” season. Not everyone is jumping on the bandwagon. The Wall Street maxim, popularized by The Stock Trader's Almanac, suggests investors should sell their equity holdings this month and re-enter the market in November, based on the historical tendency of stocks to underperform between May and October compared with the November to April period. Some investors might be tempted to gut their holdings after a bruising April . All three major indexes broke five-month winning streaks as hotter-than-expected inflation data stoked fears that interest rate cuts will come later than forecast. The Dow Jones Industrial Average index fell 5% in April, logging its worst month since September 2022. The S&P 500 and Nasdaq Composite declined 4.2% and 4.4%, respectively. One trading session into May, the market has continued to struggle. Stocks on Wednesday gave up most of their gains after initially surging when Federal Reserve Chair Jerome Powell
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GM
Earnings
- 4/23/24 - Beat
GM
Sec Filings
- 5/15/24 - Form PX14A6G
- 5/2/24 - Form PX14A6G
- 4/25/24 - Form PX14A6G
- GM's page on the SEC website