Top Stock #4 – Ford (F)
Ford Motor Company (F) continues to gobble up market share from defunct Detroit automakers GM and Chrysler. And now, Ford is giving Toyota a run for its money in the wake of some very costly recall announcements for the Japanese auto giant.
In early February, Ford announced that its January sales jumped 25%. Car sales made up the bulk of the gains, rising 43% over last year, while sales of trucks and SUVs rose 15%. Some of this growth is due to a dismal January a year ago, when sales dipped to a 26-year low due to the financial crisis, but this growth is far beyond what Wall Street was expecting. In the wake of Toyota’s recall fiasco, I expect February numbers to be equally impressive. That makes Ford a knockout buy for March.
I recommend you buy Ford stock as long as it is under $15 a share.
- Poll of the Day