Ford reported strong results for Q3, momentum that supports the bull case. Investors can't ignore the low profit margins and cyclical nature of vehicle demand.
Even if sales are growing again, Ford faces undeniable profitability challenges. Ford's big move deeper into the electric vehicle space may or may not pay off.
Ford Motor on Friday stood by its annual EBIT guidance of $6 billion to $6.5 billion for this year following another fire this week at aluminum supplier Novelis' New York plant.
Another fire has broken out at the Novelis aluminum plant in Oswego, NY that supplies sheet metal for Ford's trucks, including its all-electric F-150 Lightning.
Ford Motor Company NYSE: F has made a groundbreaking move in automotive retail, announcing a partnership to sell its certified pre-owned (CPO) vehicles directly on Amazon NASDAQ: AMZN.
Ford Motor Company could keep gaining as the automotive giant walks back from its EV pivot. Target currently has a forward yield of more than 5%, and has two paths to higher prices.
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