In a surprise to a lot of investors, General Motors (NYSE: GM) was one of the hottest auto stocks this week, rising as much as 11.8% before closing 11.4% higher for the week.

This wasn't a speculative move either. GM reported better-than-expected earnings for the fourth quarter and sees a strong year ahead in 2024.

GM reported a 0.3% decline in quarterly revenue to $43.0 billion while diluted earnings per share improved to $1.59, which both beat analyst estimates.

Continue reading

Source Fool.com