Goolsbee Said A Possible UAW Strike Could Have An Impact; Would Be Material To Our Decisions
Portfolio Pulse from Charles Gross
Goolsbee has indicated that a potential strike by the United Auto Workers (UAW) could have a significant impact and would be material to their decisions. The companies that could be affected include Ford (F), General Motors (GM), and Stellantis (STLA). The SPY ETF, which includes these companies, could also be impacted.
September 07, 2023 | 9:17 pm
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NEGATIVE IMPACT
A potential UAW strike could disrupt Ford's operations, potentially impacting its stock price.
A strike by the UAW could disrupt Ford's production, leading to delays and potential revenue losses. This could negatively impact Ford's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
A potential UAW strike could disrupt General Motors' operations, potentially impacting its stock price.
A strike by the UAW could disrupt GM's production, leading to delays and potential revenue losses. This could negatively impact GM's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
A potential UAW strike could impact the SPY ETF, which includes Ford, GM, and Stellantis, among others.
The SPY ETF includes Ford, GM, and Stellantis. A strike by the UAW could disrupt these companies' operations, potentially leading to a negative impact on the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
A potential UAW strike could disrupt Stellantis' operations, potentially impacting its stock price.
A strike by the UAW could disrupt Stellantis' production, leading to delays and potential revenue losses. This could negatively impact Stellantis' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80