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Buy General Motors Stock

U.S. auto sales are still at highs for the decade, rising 1.5% to 8.65 million vehicles in June. That tops last year's record of 8.5 million vehicles, according to Autodata. This bodes well for General Motors (GM) , which is due to report second-quarter earnings results before the opening bell on Thursday.

The sustained growth in auto sales has sent GM stock climbing about 7% over the past month, propelling the...