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General Motors (GM) has been an incredibly interesting stock to watch as of late. With Trump coming into office, there are big concerns with regard to where the company manufactures its vehicles. While this will likely continue in the back of investor minds, the big story comes later this week, and Trump isn’t it. Below, we’ll talk about what’s happening this week, why it’s important, and what binary options traders should watch in order to take advantage of the trends. So, let’s get right to it…

What’s Happening This Week?

As mentioned above, while investors in General Motors have payed special attention to Donald Trump’s statements. However, in the week ahead, these statements will be put on the back burner as a very important report will be released soon. That’s because this week, an important report with regard to automobile sales in the United States will be released.

The report will come on January 4th. It will cover vehicle sales through the month of December, to close out the 2016 year. In November, the annual sales pace was expected to come in at 17.9 million vehicles for the year. However, analysts are expecting for the number to come in slightly lower at 17.8 million vehicles. Now, not all of these are General Motors cars as the report covers vehicles from all brands. Nonetheless, it will give a clear depiction of how the automobile industry did in the month of December, offering investors insight with regard to just how well or poorly General Motors performed.

This report will be particularly important to General Motors investors. That’s because in general, share prices move along with sales. However, while sales expectations are down, General Motors shares are up 3.4% on the year. Therefore, a good report will solidify the gains. However, if the report is negative, the stock could drop dramatically, giving up its annual gains.

Trump Is Another Major Factor Here

While investors will likely be focused on the sales report this week, it’s important that we keep in mind how Donald Trump is likely to take a toll on the automobile industry as a whole. At the end of the day, Donald Trump has a clear gripe with outsourcing the manufacturing of vehicles to other countries. Ultimately, he plans to force American auto manufacturers to manufacture their vehicles in the home land rather than in other countries where costs are far lower. Of course, this will play a role in the bottom line at General Motors. While the sales report will be on the top of the investor watch list, they’re also going to be watching for further statements out of President-elect Trump for insight as to what to expect from the auto industry, and in particular, General Motors moving forward.

What Binary Options Traders Should Be Watching Ahead

In the week ahead, we’re likely to see big movement in General Motors. At the moment, it seems as though the movement is going to be downward, but at the end of the day, this is the market. Anything can happen! With that said, if you plan on trading General Motors in the week ahead, there are two factors that you’ll want to watch very closely. First and foremost, the December sales report will likely lead to quite a bit of movement. However, it’s also going to be important to watch to see if Donald Trump comes back up in the automobile conversation through the week. If he does, it will likely cause movement.

What Do You Think?

Where do you think General Motors is headed moving forward? Join the discussion in the comments below!