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Summary
- On Monday, August 14, 2023, the S&P 500 index rose by 65 basis points.
- General Motors Company, a renowned car brand, reported a revenue of US$44.74 billion for the three months ended June 30, 2023.
- Hilton Worldwide Holdings Inc., a luxury hotel chain operator, reported an adjusted EBITDA of US$811 million in Q2 2023.
Summary
- On Monday, August 14, 2023, the S&P 500 index rose by 65 basis points.
- General Motors Company, a renowned car brand, reported a revenue of US$44.74 billion for the three months ended June 30, 2023.
- Hilton Worldwide Holdings Inc., a luxury hotel chain operator, reported an adjusted EBITDA of US$811 million in Q2 2023.
The United States Census Bureau will release July retail sales data on August 15, 2023. Ahead of the release, retail sector stocks market saw an upward momentum on Monday.
The S&P 500 index rose by 25.65 basis points on Monday, August 14, 2023. On a monthly basis, the index was 8.99% higher on August 14, 2023.
With that, let us explore two retail stocks that can be examined by investors:
General Motors Company (NYSE: GM)
General Motors is a renowned car brand that has a market capitalization of US$46.877 billion. The stock soared 0.53% intraday on August 14, 2023.
General Motors reported a revenue of US$44.74 billion in the June 2023 quarter, as against US$35.75 billion in Q2 2022. The net income to stockholders was US$2.56 billion in Q2 2023, compared to US$1.69 billion in Q2 2022.
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The car company’s diluted EPS in Q2 2023 was US$1.83, higher than Q2 2022’s EPS of US$1.14. The company reported Q3 dividend of US$0.09 per share, which is payable on September 14, 2023.
Based on Monday’s closing price of US$34.07, GM has a P/E ratio of 4.73x and a dividend yield of 1.06%. As at the close of trade on Monday, GM stock price rose 0.16% YTD.
Hilton Worldwide Holdings Inc. (NYSE: HLT)
Hilton operates luxury hotel rooms across the globe. Hilton has a market capitalization of over US$40.6 billion.
The adjusted EBITDA for Q2 2023 was US$811 million, higher than the guidance given for the quarter. The company reported US$2.66 billion in Q2 2023, compared to US$2.24 billion in Q2 2022. The operating income for the June 2023 quarter was US$674 million.
HLT repurchased 3.3 million shares of its stock (common) during Q2 2023. The company expects its full year 2023 capital return to be in the range of US$2.4 billion and US$2.6 billion
Based on Monday’s closing price of US$34.07, GM has a P/E ratio of 4.73x and a dividend yield of 1.06%. As at the close of trade on Monday, GM stock price rose 0.16% YTD.
Hilton Worldwide Holdings Inc. (NYSE: HLT)
Hilton operates luxury hotel rooms across the globe. Hilton has a market capitalization of over US$40.6 billion.
The adjusted EBITDA for Q2 2023 was US$811 million, higher than the guidance given for the quarter. The company reported US$2.66 billion in Q2 2023, compared to US$2.24 billion in Q2 2022. The operating income for the June 2023 quarter was US$674 million.
HLT repurchased 3.3 million shares of its stock (common) during Q2 2023. The company expects its full year 2023 capital return to be in the range of US$2.4 billion and US$2.6 billion
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Based on Monday’s closing price of US$155.32, the stock has a P/E ratio of 32.4x and a dividend yield of 0.39%. As at the close of trade on August 14, 2023, the stock rose 2.31% monthly and 21.56% YTD.