As one of the largest automotive companies in the world, Ford Motor Co. (NYSE: F) might seem out of place when considering alternative stocks. However, this stock could be the ideal pick for a growing portfolio, especially considering the highly discounted price that it is trading for today.
Ford is an automotive manufacturer based in the United States with worldwide distribution and manufacturing reach. Ford is one of the largest global automakers by volume and is often ranked the largest American manufacturer. Today, it sits just behind General Motors in terms of total units sold.
Ford’s current vehicles all rely on internal combustion, but that is soon to change. An investment of $4.5 billion is currently being made to develop 13 new electric vehicles by 2020. Ford is aiming to offer electric options on 40% of its lineup by next year.
Ford’s revenue has increased for five consecutive years. However, gross income has decreased due to new investments and high manufacturing costs. The company is addressing this by reducing its current vehicle lineup and focusing on its most popular and profitable models. Any investor who has doubts about Ford should consider that its F-Series models are consistently the best selling vehicles in the U.S.
The F-Series has already sold 284,617 units in 2019, compared to 169,132 units for the Dodge Ram in second place. Ford’s electric future should be appealing to investors. With stock devalued today, it’s a real bargain and deserves consideration for any future-focused investment portfolio.
- 1 Year Price Growth: -18.70%
- YTD Price Growth: 84%
- 3 Month Price Growth: 33%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.