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You don’t usually see a stock’s price go off a cliff after an earnings beat and an increase in guidance, but that’s precisely what happened to Ford Motor Co (NYSE:F) after its second-quarter report. Key Points Ford’s stock experienced a sharp decline of 3.02% at the open on July 27, following its second-quarter report.By the end of the session, the stock had lost 3.42%, with trading volume nearly double the average.Earnings and revenue beat views, and the company raised its full-year earnings guidance.Investors were disappointed by slower-than-expected growth in EV sales.Ford is not the only a...
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Key Points Ford’s stock has surged 30% YTD, propelled by a recent breakout from a bullish wedge pattern.The company’s ability to establish a base above previous resistance levels will be important in determining its future performance.Ford’s diverse product lineup and ambitious plans in the EV market position it for continued growth, despite mixed views from analysts.5 stocks we like better than Ford MotorThe renowned American automaker Ford Motor Company (NYSE:F) has been making significant progress in the market this year, with its stock up over 30% YTD. Shares of Ford recently broke out of ...
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Key Points Tesla and Ford inked a deal to give Ford EV owners access to over 12,000 Tesla Superchargers.The deal looks to be a strategic move to make the Supercharger the industry standardThe deal is nothing but upside for Ford, which ranks #2 in EV sales5 stocks we like better than Ford MotorExisting Ford EVs will use an adapter to access Superchargers, while new Fords will be fitted with a Tesla connector. This marks the first time that Tesla has officially opened up its exclusive charging network to an outside brand, and the move raises questions about the strategic implications for both co...
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“They’re ticking time bombs waiting to explode.” I recently ran into a guy I hadn’t seen in 20 years. He’s a car salesman. I asked his opinion on electric vehicles. “I wouldn’t touch them with a bargepole. You see the videos of EVs turning into giant fire balls online? They’re ticking time bombs waiting to explode. And anyway, all that climate change stuff… it’s a hoax.” So… not a fan. Here’s the truth: Whether he agrees or not: EVs will be one of the defining disruptions of the next decade. Today, I’ll share my top “backdoor” stock to profit from the coming EV boom. Global EV SalesTell me thi...
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Global demand for electric vehicles (EVs) has continued to grow on the back of wider macroeconomic problems. While this is good news for automakers in the businesses, and investors throwing their cash at these companies, some manufacturers in China are having a hard time posting positive profits. Despite these EV automakers seeing increased demand from consumers in both China, and abroad, and delivering more vehicles than in the last few years, some companies have yet to be profitable since their inception. While some EV manufacturers, such as BYD have seen improvements in their bottom line ov...
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Ford Motor (NYSE:F) reported first-quarter results that topped analyst expectations to initially send its shares higher in after-hours trading on Tuesday. The Ford stock then pared some gains after the Michigan-based carmaker chose not to upgrade its 2023 guidance despite reporting a strong beat for the first quarter. Moreover, the company shared some cautious macroeconomy commentary that is also likely to weigh on Ford shares in the near term. Strong Demand for Legacy VehiclesDespite a strong Q1 outperformance, investors were disappointed to find out that Ford only reaffirmed its full-year Eb...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. No Yield SurgeThe Commerce Department announced on Friday that Personal Consumption Expenditure (PCE) report rose 0.3% in February and 5% in the past 12 months (down from a 5.3% annual pace in January). Q4 2022 hedge fund letters, conferences and more The core PCE, excluding food and energy, also rose 0.3% in February and 4.6% in the past 12 months. Personal spending rose 0.2% in February, but after PCE inflation, personal spending declined 0.1%. Overall, the PCE report was a bit better than economis...
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Fueled by widespread demand, government incentives, digital innovation, and performance-hungry investors, top electric vehicle (EV) companies and traditional automakers are in for yet another banner year, as the EV market swells. Q4 2022 hedge fund letters, conferences and more Last year alone, new registered EVs accounted for roughly 5.8% of all new cars sold in the United States, marking an increase from the 3.1% reported a year earlier. Manufacturers across the auto industry are now entering the electric vehicle production race, making the start of a global shift from combustion to clean an...
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Across the automotive industry, legacy car makers and manufacturers are charging up their performance and electrifying their vehicle line-ups as they gear momentum for the mainstream endorsement of electric vehicles (EVs) and battery-electric vehicles (BEVs) across growing consumer markets. Q4 2022 hedge fund letters, conferences and more To speed things up, governments and automakers have set out energetic goals over the next several years. Across several markets, including the United States, Europe, and China, EV adoption has seen steady growth over the last several years, as new sustainable...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. Surging Retail SalesThe Commerce Department on Wednesday shocked everyone by declaring that retail sales surged 3% in January, which was substantially higher than economists’ consensus estimate of a 1.9% gain. An 8.7% increase in Social Security checks to 70 million recipients likely helped to boost consumer spending as well as positive seasonal adjustments. Spending at bars and restaurants soared 7.2% and we likely aided by mild winter weather. Q4 2022 hedge fund letters, conferences and more Auto s...
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