Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Mohit Oberoi

Ford Stock Falls Out of Favor After Earnings: Should You Buy or Sell?

There has been a notable divergence in the price action of auto stocks in 2023. While pure-play electric vehicle (EV) names have done quite well, with Tesla (TSLA)  more than doubling year-to-date, legacy automakers like Ford (F) and General Motors (GM) have been less impressive. GM is underperforming the S&P 500 ($SPX) in 2023, and Ford's year-to-date performance is right in line with the S&P.

However, not only did Ford and General Motors post better-than-expected Q2 earnings, both automakers raised their respective 2023 guidance, as well. Still, the results didn't impress investors, and both stocks fell after earnings. Following the pullback, I believe that Ford stock looks like a buy at these levels, as it looks attractively priced after the recent underperformance.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.