Top Blue Chip Stock – Ford (F)
“Buy Below” price: $15
Picked by: Louis Navellier, editor of Blue Chip
Strategy: Large-cap growth stocks
Everyone knows that Ford (F) is one of the world’s largest makers of cars and trucks. And thanks to the bankruptcy of GM
and Chrysler, coupled with Toyota’s recent recall woes, this Detroit automaker is a great comeback success story. In January, the company posted
its first annual profit in four years and has been gobbling up market share from its competitors ever since.
Here’s the kicker: Ford’s 2009 net income of 86 cents per share was infinitely better than forecasts of a -31 cents LOSS a share. When you post
profits that big on a loss projection that substantial, people really take notice. I expect Wall Street will set the bar low yet again for this stock
this spring, and Ford should surge on another strong earnings report.
- Poll of the Day