Ford Motor Co. (NYSE: F) is one of the world’s largest automakers. Traditionally a producer of gas and diesel vehicles, the company is transitioning to an electric future. With the stock sitting just above $10 today, it is still a bargain and should be considered for any alternative portfolio.
Unlike many of the companies in the growing electric vehicle market, Ford is heavily diversified, has a proven operational record, and has the global brand reach to help market its vehicles. The company has committed to developing a fully electric lineup by 2035 in most major markets. Just last month, it was announced that the company will spend $1 billion on its European factory in Cologne, Germany, where it will produce battery-powered cars using equipment sourced from Volkswagen.
Most of the world’s major automakers are dedicated to producing electric cars in the next decade, but few have the manufacturing reach and experience of Ford. The stock is trading above its average target today but the high-end target of $16.00 isn’t out of reach. The real value in this pick is long-term growth. For a bargain price, any investor can own a part of America’s automotive history and its future.
- 1 Year Price Growth: 55%
- YTD Price Growth: 23%
- 3 Month Price Growth: 76%
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.