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GM Stock's Post-Earnings Slump Is a Great Buying Opportunity

TheMotleyFool

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GM Stock's Post-Earnings Slump Is a Great Buying Opportunity

On Wednesday, General Motors (NYSE: GM) reported third-quarter earnings per share (EPS) well ahead of analysts' estimates, overcoming severe supply constraints. The company also raised its full-year EPS forecast and said that it expects to report a full-year adjusted operating profit near the high end of its guidance range.

Yet investors weren't impressed. GM stock fell more than 5% on Wednesday and has retreated 15% from the all-time high it reached earlier this year. The recent pullback represents a great buying opportunity for long-term investors.