Ford \ $F
Last week, the company released its earnings report, beating estimates nicely. Immediately after, the stock dropped by nearly 10%. The reason for the stock's decline was a report that due to chip shortages, they are lowering expectations for the next quarter.
After the report, the company received a nice buy recommendation from JPMorgan: JPMorgan Chase and Co Reiterates F with Overweight, price target: $15 from $14.
In 2020, the company spent very large sums on development, and it is a value company that could grow and perhaps surprise in the EV sector.
An announcement is just coming out about a collaboration between Ford and BMW: BMW and Ford Invest in Solid Power to Secure All Solid-State Batteries for Future Electric Vehicles. The companies are going to collaborate on producing a battery for electric vehicles!
In my opinion, the current decline could be an opportunity to accumulate at favorable prices.
From a technical perspective, in my opinion: My first target: $13, my second target: $15, my stop loss: $11. In my opinion, there is a favorable risk-reward ratio for a long position here.
This is not a recommendation, it is personal opinion only! Anyone using this information does so at their own discretion and personal responsibility only.