Ford Stock Rises to $20 After 20 Years

  • F.us
    (${instrument.percentChange}%)

F.us - H1

The share price of Ford Motor Company hit the $20 mark for the first time in more than 20 years, with F.us registering a staggering nearly 130% year-to-date rally, as investors appear to like its recent turnaround plan under the new CEO.

Back in May, the firm announced that under the Ford+ plan, it aims for 40% of Ford global vehicle volume to be all-electric by 2030, while raising planned electrification spending to $30+ billion by 2025. [1]

In late October, the Dearborn Michigan firm released its Q3 financial results, which trumped expectations, despite Revenues declining y/y to $37.501 billion. Net Income rose to $2.390 billion, helped by significant increases in semiconductor availability, which had troubled the car maker in previous quarters. Ford also upgraded its forward guidance for full year 2021. [2]

Earlier in the month, it announced 175,918 Total US Sales in October and set a record with the 14,062 electrified vehicles sold [3], underscoring its aggressive push in the EV arena.

Trade the News: View our Economic Calendar

After yesterday's rise, F.us has the ability to open with gains today, but may not yet be ready to challenge the 21.69 area, which would open the door for 22.56. From a technical prospective, the move looks overextended and a correction may precede such moves. A slide back towards 19.00 cannot be ruled out, but sustained decline would require some catalyst.


Past Performance: Past Performance is not an indicator of future results.

Nikos Tzabouras

Senior Market Specialist

Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.

With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.

References

1

Retrieved 09 Nov 2021 https://s23.q4cdn.com/799033206/files/doc_news/2021/05/Delivering-Ford-May-26-2021.pdf

2

Retrieved 09 Nov 2021 https://s23.q4cdn.com/799033206/files/doc_financials/2021/q3/Ford-3Q2021-Earnings-Press-Release.pdf

3

Retrieved 09 Nov 2021 https://s23.q4cdn.com/799033206/files/doc_news/2021/11/October-2021-Sales-Release-Final.pdf

Disclosure

Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.

Spreads Widget: When static spreads are displayed, the figures reflect a time-stamped snapshot as of when the market closes. Spreads are variable and are subject to delay. Single Share prices are subject to a 15 minute delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays, or for actions relying on this information.

Risk Warning: Our service includes products that are traded on margin and carry a risk of losses exceeding deposited funds, if you are a professional client. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

${getInstrumentData.name} / ${getInstrumentData.ticker} /

Exchange: ${getInstrumentData.exchange}

${getInstrumentData.bid} ${getInstrumentData.divCcy} ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%) ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%)