Ford's Truck is First to Market
Updated: Aug 1, 2022
Ford's pickup truck is first, in terms of scaling, beating out Tesla and GM in the new world of electric Trucks. Americans love their trucks and the best-selling F-150 seems like a great way to host an electric powertrain that can traverse more than 300 miles before it requires a boost. The company has pledged to speed up investment and growth in electric vehicles while finding a way to control costs after supply chain issues fall into line. Bloomberg Businessweek cover story features Ford CEO Jim Farley behind the wheel of an electrified Ford F-150 Lightning. The article title: “Hey Elon, THIS is a truck.”
Ford's earnings are on July 27th, 2022 after the market close, but the five-year weekly chart below shows a recent break of a downtrend in ticker symbol F (Ford). A good spot to initiate a position on a stock that potentially could double by 2023. The dark red line is the 30-day moving average. If you like following the big boys on Ford stock, The Citadel Group, led by Ken Griffin, is a big-time position holder in the company, with roughly 8 million shares worth $133.7 million dollars. The option chain is super liquid allowing for plenty of covered call choices if the stock trends sideways or pulls back with the overall market.
Ford (F) Weekly Chart - July 19th, 2022
BALLERS: One of Ford's former spokesmen made news recently when he announced that he had turned away 100 million dollars to fill the role of 'ambassador' for the Saudi-backed LIV Golf. Jack Nicklaus's other businesses would no doubt have taken a hit as a result of such an alliance, but he explained his long loyalty to the PGA Tour. "I did it out of courtesy to them (The PGA) because we're doing a golf course for them," Nicklaus said. "I've got zero interest in wanting to do something like that. I don't care what kind of money they would have thrown at me. My allegiance has been to the PGA Tour. I grew up on the PGA Tour. I helped found the PGA Tour as it is today. My allegiance is there, and it's going to stay there." Jack also has a history with Ford's luxury brand, Lincoln.
The Bear's Club in Jupiter, Florida is just one of many business interests in which the 82-year-old is involved.
Bulls and Ballers and Hilltop Media Productions are not investment advisors or brokers. Please trade at your own risk and follow proper risk management. This blog is intended for educational purposes and like-minded traders.
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