Ford Shares Jump Despite Caution

2 days ago

Nora Melinda

"On fire indeed. We are seeing shares of Ford jumping as much as 10%. The best day since 2022. This is after the company reported a profit beat and a boost to pickup truck production here. Uh, but we did see the company talking about an up to $2 billion profit hit. This, of course, we know coming after a fire at a key supplier of aluminum for its F150 pickup truck. So, that's something that investors are still continuing to parse, but nonetheless, we are seeing shares up more than 10% as we speak and year to date gaining about 37% here."

The commentary notes Ford's significant intraday gains driven by a profit beat and production boost, tempered by concerns over a potential $2 billion profit hit due to a supplier issue.

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