We will examine the stock futures of Boeing, Ford, and GM stocks and their price by the end of the year.
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Boeing Stock end of 2024
The initial stock we will explore is going to be Boeing. Boeing is a multinational corporation based in the United States that specializes in designing, manufacturing, and selling airplanes, rotorcraft, rockets, satellites, and missiles globally.
Boeing Stock end of 2024 | |||
Over $155.5 | -120 | -120 | -120 |
Under $155.5 | -120 | -120 | -120 |
It’s trading at $152.35, an increase of less than 1% in the past week. The price oddsmakers have set for the stock is $155.50. Let’s take a look at the stock’s performance this year.
Aviation giant Boeing, struggling with a crippling labor strike that has entered its second month, plans to raise up to $25 billion through stock and debt offerings and has reached a $10 billion credit agreement with major lenders https://t.co/qv9fpi9jfj pic.twitter.com/tvSxdGhFJA
— Reuters Business (@ReutersBiz) October 16, 2024
Boeing stock has declined slightly, about 2%, in the past month. However, the year-to-date decline is nearly 40%! Boeing stock has struggled this year and is trading lower than the oddsmakers have set.
Everything we’ve seen from this stock this year indicates it is on a downward trajectory.
While there isn’t an advantage from the oddsmakers one way or the other on this one, as both Over/Under are priced identically at -120, the Under is the play.
Ford Stock end of 2024
The next stock we will examine is going to be Ford Motor Company.
Ford Stock End of 2024 | |||
Over $10.50 | -130 | -130 | -130 |
Under $10.50 | -110 | -110 | -110 |
Ford stock has also struggled this year. Oddsmakers have priced Ford at $10.50. However, the odds on the over are -130, while the under is -110.
Ford is currently trading at $10.84, which is higher than the price set by oddsmakers. Its price has increased by 3% this week and has remained relatively unchanged this month.
Ford Motor Company Announces Details for Q3 2024 Earnings Conference Call: DEARBORN, Mich.–(BUSINESS WIRE)–Ford Motor Company and Ford Motor Credit Company will release third-quarter 2024 financial results at 4:05 p.m. ET on Monday, Oct. 28.
— Stock Market News (@Stock_Market_Pr) October 15, 2024
Ford stock’s performance this year tells a different story. It has declined over 10%.
My analysis disagrees with the oddsmakers, and I strongly recommend betting on this stock. I would place my bet Over $10.50 at -110 odds.
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GM Stock end of 2024
Finally, we will discuss General Motors stock. GM is one of the most popular car manufacturers in the United States.
GM Stock End of 2024 | |||
Over $46.5 | -120 | -120 | -120 |
Under $46.5 | -120 | -120 | -120 |
Oddsmakers have priced this stock with identical over/under odds of -120. GM stock price has been set at $46.50.
GM is currently trading at $47.85 this week. Before we predict its end-of-year price, let’s examine its recent performance.
An hour into $GM investor day, stock had a little bump before leveling off again … Event is expected to do until about 5 p.m. ET~ pic.twitter.com/RJYOEe5YEy
— Michael Wayland (@MikeWayland) October 8, 2024
GM stock increased 4% in the past week but only 2% in the past month. However, it has skyrocketed 32% this year.
Although the stock has increased continually this year, oddsmakers have set the price too low. I advise betting Over $45.50 on General Motors stock at -120 odds.
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