F - 3 Reasons to Buy Ford Stock Now
2024-03-23 11:02:00 ET
There's a lot of doom and gloom surrounding Detroit automakers right now. The automotive industry is capital intensive; consumers aren't adopting electric vehicles (EVs) quickly enough to justify the billions of investment into fleets of EVs and battery technology; and Chinese automakers are on the brink of entering the lucrative U.S. market.
Despite all the pessimism surrounding Ford Motor Company (NYSE: F) and the broader industry, the folks at the blue oval still have a lot going for them. Here are three big reasons to buy Ford stock now.
When investors think of Ford, they generally picture large trucks and SUVs. That's fair, especially considering that's what Detroit autos do best. But what many investors overlook is just how lucrative its commercial business is.
For further details see:
3 Reasons to Buy Ford Stock Now