2 Stocks To Watch Before The Market Opens: LUV, GM
Estimize | Jul 21, 2016 12:15AM ET
General Motors (NYSE:GM): The automobile recovery is in full force and has helped propel key financial metrics: revenue growth, EPS growth and net income. Shares currently trade at an attractive valuation, close to Tesla (NASDAQ:TSLA), despite expecting to do 25x more in revenue. GM ’s investment in Lyft comes with the end goal of one day delivering self-driving cars. Until then, car sales domestically and internationally continue to outpace the industry average.
Southwest Airlines (NYSE:LUV): Budget airlines have been successful lately as big airliners struggle with weak PRASM, currency headwinds and macroeconomic headwinds. Many cheaper alternatives have succeeded at only offering domestic flights to avoid those problems. Airline reports this season have been a mixed bag, with Delta Air Lines (NYSE:DAL) seriously disappointing and United Continental (NYSE:UAL) surprising to the upside on both earnings and revenues.
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