FordFord Motor Co. (NYSE: F) is one of the world’s oldest automotive companies, yet it remains a bargain on the stock market. With the company currently investing billions into its transition to electric vehicles, it’s a stock that alternative investors can consider. The company has just released its latest earnings report, and the stock is expected to climb in the coming days. Now’s a compelling time to buy this bargain stock.

For the third quarter of 2020, Ford reported revenue of $34.71 billion, beating the average analyst expectation of $33.51 billion. Earnings were reported at $0.65 per share, significantly beating the expectation of $0.19 per share. Net profit was impressive in the quarter, with the company reporting $2.34 billion, completely eclipsing the $423 million that was reported a year ago.

Ford saw an increase in demand for trucks, SUVs, and commercial vehicles during the third quarter. The Coronavirus Pandemic had less of an impact than expected. The company will spend heavily on new vehicle designs and launches in the fourth quarter, so growth is likely to be mild. However, leadership expects that the business will be profitable over the entirety of the 2020 fiscal year.

Ford will invest more than $11 billion and will roll out 40 hybrid and fully electric vehicle models by 2022. This is one of the most promising electric vehicle picks today. A strong upside is possible for investors who buy now.

Key Data:

  • 1 Year Price Growth: -10.36%
  • YTD Price Growth: -17.20%
  • 3 Month Price Growth: 24%

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.