Ford Motor’s Stock Has Good Chance to Outperform Tesla in 2022
Ford Motor Co (F) shares while remaining in the ascending channel, suddenly lost over 7% by Wednesday afternoon.
Ford Motor Co (F) shares while remaining in the ascending channel, suddenly lost over 7% by Wednesday afternoon. On Jan. 4 Ford Motor shares shot up almost 12% from the previous day’s closing price. Will this extraordinary volatility persist?
If the stock further falls it could provide a solid entry point for investors waiting to take a long position over 2022 as the legacy automaker continues to ramp up its electric vehicle production.
The EV sector is largely dominated by Tesla (TSLA) currently but on Wednesday BofA Securities analyst, John Murphy, said in a note he expects Ford and its closest competitor General Motors Co (GM) to be the biggest gainers in terms of market share.
Ford is expected to announce its quarterly earnings results after the closing bell on Feb. 3 and on Tuesday the Detroit-based automaker said it intends to include a number of large special items in its report. This will include Ford’s $8.2 billion gain from its equity investment in Rivian Automotive Inc (RIVN).
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