4 Super Hot Stocks: GM Stalling, Walgreens Up 1%, Monsanto Narrows Loss, Apple in the Red

Shares of General Motors (NYSE:GM) are edging down as the company announces that it’s moving into the car sharing business with RelayRides.  The program is expected to launch next year, and will make it easier for people to access temporary and affordable transportation.  Competitors Ford (NYSE:F) and Toyota (NYSE:TM) are also trading lower.

Walgreen Co. (NYSE:WAG) is trading more than 1% higher in early trading.  The company said on Wednesday that its September same-store sales increased 3.4%.

Monsanto (NYSE:MON) is jumping before the bell as the company narrowed its fourth quarter loss.  The company reported a loss of $112 million (21 cents per share), compared to a loss of $143 million (26 cents per share) last year.

Don’t Miss: Your Cheat Sheet to Monsanto Earnings >>

Despite unveiling the new iPhone 4S, shares of Apple (NASDAQ:AAPL) are sliding in pre-market trading.  JP Morgan (NYSE:JPM) reiterated its overweight position with a $525 price target.

Super Hot Feature: Apple Cheat Sheet: iPhone Event Recap.