Household name Ford has enjoyed a magnificent return to popularity since COVID with the stock back to levels not seen for 20-years. The stock popped 20% alone in October after the company beat analyst expectations last quarter and raised their full-year guidance. The business has performed admirably during the semi-conductor shortage with revenue only falling 5% for the quarter compared to the previous year.
Ford is planning to invest $US30bn over the next 3-years to compete with Tesla and other EV start-ups, it’s going to be a fascinating period. Also it shouldn’t be forgotten that Ford has a stake in EV start up Rivian which is proving very fruitful for its balance sheet.
MM likes Ford around current levels
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