While Ford (F) gained nearly 6% in the first half of the year, it was quite volatile during the period. The stock rose to a four-year high in May amid optimism over its energy storage business, which is a play on artificial intelligence (AI). However, as I noted in an article then, even though the energy storage business would help buoy Ford’s earnings once it reaches scale, the “Tesla-like rally” (TSLA) had run ahead of itself.
F stock has fallen almost 20% over the last month, and in absolute terms, it trades slightly below $14. In my previous article, I had noted that while Ford’s risk-reward has improved, it's not favorable enough to trigger a purchase. With the stock coming off those levels, let’s explore if Ford can rebound in the back half of the year.
