GM Posts Big Gain in China on Luxury Brands and 2 More Heavly Traded Stocks to Follow
General Motors Co. (NYSE:GM): Current price $36.73
General Motors, which is the number one automobile seller in China and the United States, posted a 12 percent rise in October, to 282,466 units, based in part on impressive sales of luxury brands such as Cadillac. Last Tuesday, Ford said that it and its local partners sold 93,969 vehicles in the month in China, marking a 55 percent jump year-over-year, but less than the 61 percent increase in September.
Morgan Stanley (NYSE:MS): Current price $30.08
Although Internet stocks have been a big hit in 2013, but Morgan Stanley believe that the sector could be poised to cool off. Analysts led by Scott Devitt, who wrote in a note to investors Monday, say that, “We see a more balanced risk-reward following strong performance.” Internet stocks they cover, among which include Amazon, Facebook, and Google, are up by 57 percent so far this year on average as the benchmark Nasdaq Composite Index has gained roughly 28 percent.
Pitney Bowes Inc. (NYSE:PBI): Current price $21.74
Pitney Bowes has announced that its board declared a quarterly cash dividend on its common stock of 18.75 cents per share. The dividend will be paid on December 12 to stockholders of record as of November 18. Besides that, a quarterly cash dividend of 53 cents per share on the firm’s $2.12 convertible preference stock will be paid on January 1, to stockholders of record on December 13. A quarterly cash dividend of 50 cents per share on its 4 percent convertible cumulative preferred stock will be paid on February 1, to stockholders of record January 15.