Ford Stock’s Joyride Halts On F-150 Woes: Should You Panic Sell F or Stay Put?

Ford (F) stock tumbled Tuesday, Oct. 7, after reports of a fire at Novelis’s Oswego, New York, plant. The company, which is part of India’s Hindalco Industries, is a key aluminum (ALZ25) supplier to the U.S. automotive industry, and the fire is expected to disrupt aluminum supply in the country.

Notably, Ford was having a good run before yesterday’s drawdown and is still up nearly 20% for the year. While that won’t be the kind of “joyride” that we usually associate with stocks, it came amid a challenging market environment, marked by tariffs, which will shave off billions of dollars from the U.S. automotive industry’s profits this year.