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When it comes to risky wagers in the equities market, General Motors (GM) is arguably among the names in the spotlight. On the surface, GM stock — being an American icon and all — seemingly presents a solid platform to park one’s money for the long term. However, it’s not really off to a great start this year, with the security losing 4% on a year-to-date basis.
Some of the volatility is completely understandable, particularly the uncertainties surrounding the Iran conflict. But there are structural concerns that predate the geopolitical flashpoint that put potential strain on GM stock. For example, an Associated Press report earlier this month revealed that many consumers are struggling as the average cost of a new car nears $50,000.
