Is Ford Stock a Buy?
Through the first seven and a half months of this year, shares of Ford (NYSE: F) were up 19%. But after the business reported weaker-than-expected second-quarter earnings due to elevated warranty costs, investors ran for the exits.
Ford's price performance is now in the red for the year, as market sentiment sours. But is this top automotive stock still a smart buy? Let's look at the bull and bear cases to gain a better understanding of Ford's situation.
One reason that investors might want to buy Ford is because of one thriving segment: Ford Pro. This division sells vehicles and various services to commercial customers, and it has been performing extremely well. Revenue in the first six months of 2024 was up 21% year over year. And Ford Pro reports a superb 15.9% operating margin, much better than the company overall.
Source Fool.com
