Nasdaq F Ford

Sonic Automotive, Inc. SAH registered second-quarter 2023 adjusted earnings per share of $1.83, outpacing the Zacks Consensus Estimate of $1.63. The bottom line, however, fell 25% from the $2.45 per share reported in the year-ago

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.85%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.52%. Stocks this morning are moderately higher after key measures...

Ford F reported adjusted earnings of 72 cents per share for second-quarter 2023, which beat the Zacks Consensus Estimate of 51 cents and increased from 68 cents recorded in the year-ago quarter. Higher-than-expected automotive rev

Wall Street opened higher on Friday after data signaling easing inflation pressures added to hopes that the Federal Reserve's policy tightening was ending, while chip stocks rose as Intel posted a surprise quarterly profit.

Ford Motor Company (F) reported $42.43 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 11.9%. EPS of $0.72 for the same period compares to $0.68 a year ago.

Ford Motor Company (F) reported $42.43 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 11.9%. EPS of $0.72 for the same period compares to $0.68 a year ago.

Wall Street was set to open higher on Friday after data showing easing inflation pressures added to hopes that the Federal Reserve's policy tightening was ending, while chip stocks surged as Intel posted a surprise quarterly profit.

Ford Motor said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue.

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.64%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +1.03%. Stock indexes this morning are climbing on signs of easing price pressures after the U.S. Q2 employment cost index rose at the slowest pace in...

Alongside the June Personal Income & Spending data, we will also receive the June PCE Price Index figures, a preferred gauge of inflation by the Fed.

U.S. stock index futures rose on Friday and put Wall Street on track for a higher close for the week, which was dominated by the Federal Reserve's signals on a possible end to rate hikes and mixed earnings reports from marquee tech companies.

U.S. stock index futures rose on Friday, setting Wall Street on course to end a data- and earnings-heavy week higher, with investors eagerly awaiting key inflation figures later in the day.

After General Motors (US:GM) delivered "beat-and-raise" second-quarter results on the morning of July 25, GM stock is nonetheless well below the levels at which it closed on July 24.Interestingly, the put/call ratio of GM stock remained neutral on July 25, according to data compi

Ford Motor ( NYSE:F ) delivered  better-than-expected Q2 earnings and raised its full-year outlook. However, its stock is down about 1.2% in the after-hours, reflecting declining price premiums for  EVs (Electric Vehicles), which is taking a toll on its profitability. Given the declining price premiums and drastic pricing pressure, Ford now expects to deliver a loss of $4.5 billion in its Model E division (which creates EV models), up from its earlier loss forecast of $3 billion.  Nonetheless, its diversified product portfolio positions it well to navigate the current challenges and deliver solid growth in the long term. Ford's Diversified Portfolio Could Lead to Durable Growth The adoption of EVs continues to grow. However, the heightened competition in this space has led to a decline in the price premiums of EVs over internal combustion vehicles (ICE), noted Ford Motor’s CEO Jim Farley during the Q2 conference call. While Farley expects the EV market to stay volatile, he remains confident that Ford’s diversified portfolio offers an edge over the competition and positions it well to navigate the near-term challenge.  Farley highlighted that competition in the EV market has grown with the continued growth in the number of global entrants. This has led to a dramatic increase in pricing pressure. He added that the EV price premiums over internal combustion vehicles fell over $3,000 in Q2 and about $5,000 in the first half of 2023.  Nonetheless, businesses like Ford Blue (which focuses on ICE and improving cost structure) and Ford Pro (a division focusing on vehicles, software, and services for commercial customers) continue to support its growth. Moreover, initiatives to lower the cost structure augur well for future growth.  While the EV price premiums have normalized more quickly than anticipated and are hurting the company's profitability, Ford raised its full-year EBIT and free cash flow guidance, reflecting the strength of its diversified portfolio. Let’s delve into the 2023 outlook.  Ford Raises Guidance Despite EV Pricing Pressure Ford continues to face inflationary and EV pricing pressure. Besides pricing pressure, investments in new products and capacity (targeting 600,000 annual production units of EVs by next year) are likely to hurt margins.  Nonetheless, the company raised its company-wide EBIT guidance for the full year, reflecting strength in its Ford Blue segment. Ford expects to deliver adjusted EBIT in the range of $11 billion and $12 billion in 2023, up from its previous forecast of $9 to $11 billion.  At the same time, Ford expects its adjusted free cash flow to be between $6.5 billion and $7 billion, up from its previous forecast of $6 billion. While Ford’s diversified portfolio could enable it to navigate the challenges in the EV space, let’s understand what analysts recommend for the stock.  Is Ford Stock a Buy, Hold, or Sell? Given the declining EV price premiums, increased competition, and wider losses in its Model E division, Wall Street analysts remain sidelined on  Ford stock. It has received three Buy, three Hold, and two Sell recommendations for a Hold consensus rating. Analysts’ average price target of $14.83 implies 8.01% upside potential. Disclosure

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Ford ( NYSE:F ) stock didn't jump after the company reported its most recent round of earnings results. Yet, the bulls should be back in control soon enough. I am bullish on Ford stock because, despite a slower-than-anticipated timeline for full EV production, the company's fiscal figures point to an automaker that's on the right track in 2023. Ford has been a manufacturer of cars and trucks for many years, but the company seeks to evolve into a leading maker of clean-energy vehicles. That's easier said than done, however, and it might take longer than Ford's shareholders probably hoped it would. Don't lose faith in Ford, though, as CEO Jim Farley hasn't abandoned the company's EV-market aspirations. Just maybe, a dream deferred could still be achieved, and an old company like Ford can adapt to new vehicle trends in the 2020s. Ford's Challenge: Ramping Up Its EV Division First, I feel obligated to acknowledge Ford's least impressive result during this year's second quarter. Ford's EV division, known as Model e, generated $1.8 billion in sales during the quarter but still managed to incur a loss of $1.1 billion. Furthermore, Ford anticipates a full-year EBIT "loss of about $4.5 billion for Ford Model e." On top of that, it looks like Ford is giving up on its goal of manufacturing two million EVs per year by the end of 2026 and currently expects its EV division to achieve a "reach a 600,000-unit EV production run rate during 2024," which may be slower and later than some investors had probably hoped for. Nonetheless, Farley chooses to see the glass as half-full. "The near-term pace of EV adoption will be a little slower than expected, which is going to benefit early movers like Ford," he assured in the company's quarterly press release. Additionally, Farley stated, "EV customers are brand loyal and we’re winning lots of them with our high-volume, first-generation products." Ford Beats the Street and Raises Its Guidance Only time will tell whether Ford will successfully ramp up its EV production schedule. For the time being, however, Ford is still making plenty of money selling traditional vehicles. Moreover, Ford's second-quarter 2023 financial results exceeded Wall Street's expectations. Analysts assumed that Ford would generate $43.2 billion in quarterly revenue, but the company actually achieved revenue of $45 billion, up 12% year-over-year. Turning to the bottom line, Ford earned $0.72 per share in Q2 2023 versus the $0.54 per share that analysts had predicted. This is great news for a company that's undergoing a major transition. Farley acknowledged, "The shift to powerful digital experiences and breakthrough EVs is underway and going to be volatile." Yet, as long as Ford's traditional cars and trucks continue to entice customers and generate strong sales, the company should be well-positioned to manage its challenging transitional period. It's also encouraging to see that Ford's management lifted the company's full-year 2023 outlook. Specifically, Ford guided for 2023 consolidated adjusted EBIT of $11 billion to $12 billion and adjusted free cash flow of $6.5 billion to $7 billion. Perhaps most intriguingly, however, Farley teased that Ford has "clean-sheet, next-generation products in advanced development that will blow people away." Personally, I'm looking forward to Ford's upcoming mind-blowing vehicles and will pay close attention as Ford navigates the next chapter of its legendary story. Is Ford Stock a Buy, According to Analysts? Turning to Wall Street, F stock is a Hold based on five Buys, five Holds, and three Sell ratings. The average Ford stock price target is $14.83, implying 8% upside potential. If you’re wondering which analyst you should follow if you want to buy and sell Ford stock, the most profitable analyst covering the stock (on a one-year timeframe) is Philippe Houchois of Jefferies ( NYSE:JEF ), with an average return of 39.78% per rating. Click on the image below to learn more. Conclusion: Should You Consider Ford Stock? Surprisingly, Ford stock didn't jump after the company released its quarterly results. That's not a problem, though, for savvy investors who are on board with Ford's plans to evolve into a premier EV producer. Besides, the numbers don't lie, and Ford's quarterly statistics surpassed the experts' consensus forecasts. So, definitely keep an eye on Ford, even if its timeline to full EV production is slower than anticipated. Despite the company's challenges, I heartily believe F stock is a long-term investment to consider right now. Disclosure

For foreign automakers in China, it is time to double down on a turnaround or cut losses after ceding their leadership of the world's biggest auto market to local, upstart brands.

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Live Nation Entertainment Inc (Symbol: LYV), where a total volume of 11,930 contracts has been traded thus far today, a contract volume which is representative

Ford Motor Company (F) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recur

The NASDAQ 100 After Hours Indicator is up 23.93 to 15,488.86. The total After hours volume is currently 114,861,623 shares traded.The following are the most active stocks for the after hours session: Opendoor Technologies Inc (OPEN) is unchanged at $4.25, with 11,747,554 shares