Positive Momentum for Ford (F)

1 day ago

Nora Melinda

"I'm looking at shares of Ford. This is the biggest gainer in the S&P 500 right now. That's ticker F. Keeping it easy for us there. Seeing its best day in almost four years. This is a company really signaling that it'll largely bounce back next year from a devastating fire that we did see at one of the key suppliers that of aluminum for its F-150 pickup truck. Of course, the company also talking about a profit beat here and a boost to production more generally. So, we are seeing shares up for double digit gains right now. But if you look on a year-to-date basis, shares of Ford are up about 41%. So, looks like it's a great day to be a Ford shareholder today."

The speaker discusses Ford's strong performance, noting it is the biggest gainer in the S&P 500 with a nearly four-year best day and a significant 41% YTD increase. Commentary highlights a forthcoming rebound expected next year after a supplier fire and a profit beat along with boosted production.

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