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Ford cuts production of F-150 Lightning EV, adds jobs at Bronco and Ranger plant
CNBC· 2024-01-19 13:31
DETROIT – Ford Motor is increasing production of its Bronco SUV and Ranger pickup, while cutting production of its all-electric F-150 Lightning, the automaker said Friday.Ford said the production changes are intended to match production with customer demand. They mark the latest cuts or delays to production of EVs amid slower-than-expected customer demand."We are taking advantage of our manufacturing flexibility to offer customers choices while balancing our growth and profitability. Customers love the F-15 ...
Ford: A Careful Buy
Seeking Alpha· 2024-01-18 07:41
Hispanolistic Investment Thesis for Ford Motor Company The Ford (NYSE:F) share price of $11.17 at opening on January 17, 2024 is floundering below the $12.53 mid-point of its 52-week range of $9.63 - $15.42. For Ford, 2023 was a year of three overarching corporate battles: resetting the post-Covid supply-chain disruptions, dealing with progressively higher interest rates which dampened consumer demand, and enduring protracted labor negotiations that consumed corporate energy. However, all three 2023 eve ...
UBS Just Issued a Critical Warning on Ford (F) Stock
InvestorPlace· 2024-01-17 21:50
Ford (NYSE:F) is falling today on news of a negative Wall Street projection. The legacy automaker hasn’t seen much growth for the past year, and UBS doesn’t see that changing in 2024. The investment bank has released an outlook suggesting that F stock faces significant obstacles. Analyst Joseph Spak maintains a “hold” rating and thinks Ford is facing a more difficult road than many other automakers, citing the need for improvements before it can rebound. He isn’t the only expert with a negative outlook on F ...
Ford shares trade lower on UBS downgrade to ‘Neutral'
Proactive Investors· 2024-01-17 15:43
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Can U.S. Automakers Stage a Rebound From the Earlier Lows?
Zacks Investment Research· 2024-01-17 15:32
U.S. automakers are putting up a great fight to rebound from the COVID-19 lows and other supply-chain issues that have been continuing since 2020. Although a lot of the supply-chain crisis has eased, sales are yet to gain pace.However, sales picked up in 2023 and top automotive data firms expect 2024 to be a better year as demand shows signs of rebounding. According to a CNBC report, leading automotive data firms expect sales of new cars to pick up in the range of 1-4% or between 15.6 to 16.1 million units ...
Analyst: Ford Stock Facing an Uphill Battle
Schaeffers Research· 2024-01-17 14:09
Shares of automotive giant Ford Motor Co (NYSE:F) are 2.2% lower premarket and on track to open at $11.21 after a bear note from UBS. The Wall Street brokerage downgraded F to "neutral" from "buy," citing limited upside for the automaker as well as an uphill battle compared to its sector peers. Coming into today, analysts were split on Ford stock, which leaves room for optimism to unwind. While eight of 16 covering brokerages recommend a "hold" or worse, the other eight rate the security a "buy" or better. ...
Ford Motor Company (F) Flat As Market Sinks: What You Should Know
Zacks Investment Research· 2024-01-16 23:48
Ford Motor Company (F) closed at $11.46 in the latest trading session, marking no change from the prior day. This move was narrower than the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw a downswing of 0.62%, while the tech-heavy Nasdaq depreciated by 0.19%.Prior to today's trading, shares of the company had lost 3.94% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 4.68% and lagged the S&P 500's gain of 1.56% in that time.Market participants will be closely fo ...
Here is What to Know Beyond Why Ford Motor Company (F) is a Trending Stock
Zacks Investment Research· 2024-01-15 15:32
Ford Motor Company (F) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned -4.7% over the past month versus the Zacks S&P 500 composite's +3.1% change. The Zacks Automotive - Domestic industry, to which Ford Motor Company belongs, has lost 6.6% over this period. Now the key question is: Where could the stock be headed in the near term?Although media rep ...
Have $1,000? 1 High-Yield Dividend Stock to Buy and Hold
The Motley Fool· 2024-01-15 15:07
If you've got $1,000 left over from holiday spending and you're interested in buying some cheap stocks, Ford Motor Company (F -2.13%) has a unique blend of value and dividend yield that might interest you.Not only does the venerable automaker trade at a cheap price-to-earnings ratio of 7, but it also offers a dividend yield over 5% and has solid upside potential in the coming couple of years as it turns its cash-burning electric vehicle (EV) business into a profitable operation.No headaches hereWhile the au ...
Why Ford Stock Surged 19% in December
The Motley Fool· 2024-01-10 16:54
Ford Motor Company (F -0.44%) stock would have ended 2023 in the red if not for a rebound in the last month of the year. Ford stock surged 18.8% in December, according to data provided by S&P Global Market Intelligence, as investors bet on better days ahead for the automaker amid an anticipated fall in interest rates.Ford's outlook for 2023 isn't that worrisomeFord sold roughly 800 fewer vehicles in November year over year, with sales of its internal combustion vehicles, including trucks, slipping as the co ...