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Ford Kicking Into High Gear — Buy Now

Ford Motor (F) — On Wednesday, the automaker posted its best retail sales month in seven years. Sales of F-series trucks were up 22% and small car sales were up 30%.

S&P reiterated its  “buy” opinion on Ford shares. It also repeated its 2013 earnings estimate of $1.60 per share, up from $1.41 in 2012. And it said it expects EPS of $1.88 in 2014, with an indication that the earnings targets could be increased.

Following twin buy signals from our internal indicator, the Collins-Bollinger Reversal (CBR), Ford jumped from $15.88 at the close on Aug. 27 to $16.91. MACD issued a new buy signal and the stock closed with a solid punch above its 50-day moving average.

Buy Ford for long-term growth and management’s comments about potential special dividend payments and share repurchases. The stock currently has a dividend yield of 2.5%.

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Article printed from InvestorPlace Media, https://investorplace.com/2013/09/trade-of-the-day-ford-motor-f/.

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