Jim Farley-led Ford Motor Company (NYSE:F) has caught the attention of investors and market analysts alike with its recent stock performance, signaling a potential resurgence in the automotive sector.
What Happened: On Monday, Cramer highlighted the recent success of Ford noting its stock has seen a 10% increase this year, CNBC reported. The automotive giant has been trailing behind General Motors in performance but is now showing signs of a strong comeback.
"I think Ford's doing well…the stock's starting to come back, it is underperformed GM, but it is up 10% for the year, and I don't think that's all that bad…I do like the story, and I think that the trust has a big position, and I feel very good about it,” Cramer noted.
See Also: Why Tesla Stock Is Charging Up Before The Opening Bell Today
Why It Matters: ...