Ford (F Stock) to run higher on an electric streak? [Video]
|Ford’s latest quarterly results have shown increased demand for its electric vehicles. The electric vehicle sales tripled in September and total deliveries were up 16% in the recent quarter. According to Ford, the new flagship F-150 lightning plug-in only stays for eight days on dealers' lots. Will this good news help lift Ford stock which is currently down 40% on the year as supply chain woes weighed on Ford earlier in the year?
The seasonals are certainly strong. Over the last 10 years, Ford has gained 9 times between Oct 09 and Dec 02. The average return has been over 10% and the largest gain was 31% in 2021. Is Ford now set to surge higher on electric stock appeal?
Major trade risks: The major trade risk here is that the US has a hard landing and that decreases demand for new vehicles.
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