2nd try Bellwether stock #5: Ford (F)Posted Aug 1st 2009 1:00PM by Louis Navellier
Filed under: Earnings reports, Ford Motor (F), Stocks to Buy
Ford (NYSE: F) is the most fiscally-sound U.S. automaker, and the company also managed to post better-than-expected earnings, despite a very rough economic climate for car manufacturers.
For the second quarter, Ford earned $2.3 billion, or 69 cents per share, versus a loss of $8.7 billion, or $3.89 per share, in the year-ago period. The increase was largely due to lightening its debt load, but it tells me that Ford is on the track to profitability.
The better-than-expected earnings results are giving Ford shares momentum. I would buy on that momentum.
I rate Ford an A, or strong buy.