Here’s Where Ford Stock May Find Strong Support

Auto shares like Ford  (F)  made a stellar transfer off the lows. The truth is, Ford inventory rallied 57.2% off its 2022 low to final month’s excessive.

Although Tesla  (TSLA)  appears to get all the eye, the transfer by Ford really outpaced Tesla’s acquire of 52.1%.

It helps that Ford inventory has a low valuation and not too long ago reinstated its dividend. Its push towards EVs additionally helps, because it not too long ago electrified its F-150 and continues to see sturdy demand. 

It hasn’t been utterly easy crusing although, because the automaker navigates world macro points and has even needed to slash jobs along the way.

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