F - Ford Motor Company
| Previous Close | 9.14 |
| Open | 9.11 |
| Bid | 9.00 x 45900 |
| Ask | 9.01 x 40000 |
| Day's Range | 8.96 - 9.12 |
| 52 Week Range | 8.16 - 10.56 |
| Volume | 67,677,681 |
| Avg. Volume | 38,210,119 |
| Market Cap | 35.684B |
| Beta (5Y Monthly) | 1.07 |
| PE Ratio (TTM) | 22.50 |
| EPS (TTM) | 0.40 |
| Earnings Date | Feb 03, 2020 |
| Forward Dividend & Yield | 0.60 (6.56%) |
| Ex-Dividend Date | Jan 28, 2020 |
| 1y Target Est | 10.09 |
- Bloomberg
Rivian CEO Says Electric-Truck Startup to Make Ford Platform
(Bloomberg) -- Rivian Automotive Inc., the electric-truck startup backed by Amazon.com Inc. and Ford Motor Co., will provide the “skateboard” platform for a premium, high-performance electric Ford vehicle, its top executive said.“In Ford’s case, we provide the platform.” Rivian Chief Executive Officer R. J. Scaringe said in an interview on Saturday. “They will provide the top hat, the body and the interior.”The “skateboard” is the entire platform, including the motor, battery pack, computer systems and wheels. The design is modular and allows for different vehicle body types to be added on top. Rivian is seeking partnerships to scale and grow beyond its own consumer electric vehicle offering.Ford invested in Rivian in April and announced its intention to build a vehicle using Rivian’s technology. Scaringe declined to comment on the vehicle class or design, and didn’t confirm which party would assemble the final Ford vehicle or give a date for its release.Pickup and SUV“We have confirmed we are working with Rivian on a vehicle which we have not yet announced,” Ford spokeswoman Emma Bergg said on Saturday. “We do not comment on future products.”Rivian’s own R1T electric pick-up and R1S electric SUV are scheduled to go into production this year at its plant in Normal, Illinois, southwest of Chicago. The company hasn’t disclosed pre-order numbers but has said it’s “very happy” with demand for its own cars.Rivian is also building a fleet of electric delivery vehicles for Amazon which are expected to launch in September 2021. It’s part of a strategy of diversifying the company’s revenues and to “build volume and profitability,” even if consumer appetite wanes or there’s an economic downturn, Scaringe said.Rivian’s own vehicles, sold directly to consumers, are still expected to account for the majority of its revenue. The projects with Ford and Amazon aren’t affecting production of those vehicles.In December, Rivian raised $1.3 billion from investors led by T. Rowe Price, taking its total raised last year to $2.85 billion. There are no plans to raise additional funds for now and the company is “well financed,” Scaringe said, adding that capital requirements are sizable to continue the company’s growth and accelerate toward production.Rivian on Saturday gave pre-order customers in its most important market an early taste of what they can expect. It held an outdoors-inspired event in the Bay Area city of Mill Valley, north of San Francisco.Ahead of launching its consumer electric vehicles, the company is planning to open physical stores in the Bay Area and other cities in California, which Scaringe describes as Rivian’s “biggest market by far.” It’s also working on a subscription offering, including insurance coverage, and digital platforms for direct sales to its customers.“The first vehicles off the production line will be going to places where they can be sold,” which means starting in California, Scaringe said. “Rapidly, we’ll be building out across the country.“And of course the plant being in Midwest, we would like to allow people to take delivery of the vehicles at the plant as well,” he said.To contact the reporter on this story: Ed Ludlow in San Francisco at eludlow2@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Ros Krasny, Tony CzuczkaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Barrons.com
Tesla Stock Has Left Orbit. Why One Analyst Says It’s Still Not Worth Buying.
Better deliveries, better earnings, and on-time start of production in China seem the likeliest catalysts, but “a closer look suggests less enthusiasm may be warranted,” writes J.P. Morgan analyst Ryan Brinkman.
- InvestorPlace
5 Top Stock Trades for Monday: Broadcom, Disney, Ford and More
After a strong open and a push to new highs for many stocks, equities turned lower in Friday's session on renewed coronavirus fears. Let's look at a few top stock trades for next week. Top Stock Trades for Tomorrow 1: BroadcomSource: Chart courtesy of StockCharts.comAfter announcing a multi-year, multi-billion dollar deal with Apple (NASDAQ:AAPL), Broadcom (NASDAQ:AVGO) shares were in rally mode, hitting new 52-weeks highs. However, the selling pressure in the overall market rained on AVGO's parade.What now?InvestorPlace - Stock Market News, Stock Advice & Trading TipsI would love to see AVGO hold up over the $315 to $318 area, which was stubborn resistance on the way up. If it can do that, it leaves $330-plus on the table, if the market is able to keep its footing. * 7 'A'-Rated Dividend Stocks That Provide Inflation-Beating Income If it doesn't and AVGO loses its 50-day moving average, another test of $300 is possible. Below puts the 200-day moving average in play. DisneySource: Chart courtesy of StockCharts.comDisney (NYSE:DIS) hasn't looked too pretty. While the market has spent most of December and January rallying, Disney shares have been putting in a series of lower highs.In fact, the charts have a descending triangle pattern in play, a bearish technical setup. That occurs when downtrend resistance (blue line) squeezes the stock price lower against a static level of support (black line). It leaves investors looking for a breakdown below support.That's exactly what's playing out in Disney. Given that the market is starting to wobble a bit, investors may be nervous buying DIS. First, let's see if the 200-day moving average steps in as support, just as it did in October. Below puts gap-up support near $136 in play.On a rally, bulls need to see Disney stock reclaim $143, as well as downtrend resistance. FordSource: Chart courtesy of StockCharts.comWhile Tesla (NASDAQ:TSLA) has scorched higher in 2020, Ford (NYSE:F) has done the opposite. Now, it's really breaking down.Shares cracked violently below uptrend support and the 50-day moving average, as the stock is now below all of its major moving averages on both a daily and weekly basis.Let's see if Ford stock declines to the $8.50 to $8.60 range and if so, if it finds support there. On a rebound, F needs to reclaim the 50-day moving average. American AirlinesSource: Chart courtesy of StockCharts.comAmerican Airlines (NYSE:AAL) has a similar chart to Ford. After a very strong reversal on Thursday (despite worse-than-expected earnings), shares are again showing signs of weakness.The stock is losing uptrend support and if it loses the $26.85 level, the post-earnings low near $26 is on the table. On a rally, AAL needs to reclaim uptrend support, but it's a no-touch for me on the long side with the market's current state.Investors should be looking at stocks holding support or near support, not at stocks that are losing it. IQiyiSource: Chart courtesy of StockCharts.comIQiyi (NASDAQ:IQ) couldn't push through the $25 mark and is embarking on a deep retreat on Friday, falling about 10%. The move sent shares right through the 20-day moving average, as sellers hammer the stock.Now, the $20 to $21 area is in sight, with uptrend support near the former and the 50-day moving average near the latter. That may be a worthy buy-the-dip zone if we see a bit more weakness early next week. Below $20 puts the 200-day moving average on the table.In any regard, look to see if IQ can reclaim the 20-day moving average on a rally.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, AVGO and DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post 5 Top Stock Trades for Monday: Broadcom, Disney, Ford and More appeared first on InvestorPlace.
- Zacks
Tesla Crosses $100B Ahead of Q4 Earnings: ETFs in Focus
Tesla has become the first publicly listed U.S. automaker to cross $100 billion in market valuation ahead of Q4 earnings.
- American City Business Journals
San Francisco e-scooter company expands in Phoenix, launches in Tempe
Spin, a unit of Ford Motor Co., is increasing its black-and-orange scooter fleet in Phoenix to 900 scooters, tripling from the initial 300 it launched in September.
- MarketWatch
Why the record $1.2 trillion pile of junk-rated debt coming due is a worry
The next five years could get rough for companies that have a record amount of junk-rated corporate loans and bonds coming due, warns Moody’s Investors Service.
- Benzinga
Cramer: Tesla Is A Tech Company On Wheels, Unlike Ford And GM
Ford and GM are part of the traditional Detroit-based "commodity auto business" and it's unfair to compare the two with Tesla, Cramer said Wednesday on "Mad Money." Instead, Tesla is a tech company on wheels and its home base in Silicon Valley speaks to its disruption status.
- Zacks
Auto Stock Roundup: Ford's $2.2B Pre-Tax Charge, Fiat-Foxconn JV & More
While Ford's (F) Q4 results are likely to be hit by a pre-tax charge of $2.2 billion, Fiat Chrysler (FCAU) teams up with Foxconn to develop EVs in China.
- Zacks
The Zacks Analyst Blog Highlights: Tesla, General Motors, Ford, Volkswagen and BMW AG
The Zacks Analyst Blog Highlights: Tesla, General Motors, Ford, Volkswagen and BMW AG
- Zacks
Zacks Investment Ideas feature highlights: Tesla, Apple, Ford, General Motors and Fiat Chrysler
Zacks Investment Ideas feature highlights: Tesla, Apple, Ford, General Motors and Fiat Chrysler
- Zacks
Ford (F) to Incur $2.2B Pre-Tax Loss in Q4 Over Pension Plans
Ford (F) likely to incur a pre-tax loss of about $2.2 billion in fourth-quarter 2019, which will dent its net income.
- Reuters
Ford expects $2.2 billion pre-tax hit related to pension plans in fourth quarter
The charge is largely related to a drop in discount rates, the company said, as that leads to an increase in the amount of money to be contributed for future pension benefits. On an after-tax basis, the loss is expected to reduce Ford's net income by about $1.7 billion in the fourth quarter.
- Reuters
Ford expects $2.2 bln pre-tax hit related to pension plans in fourth quarter
Ford Motor Co said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about $2.2 billion due to higher contributions to its employees pension plans. The charge is largely related to a drop in discount rates, the company said, as that leads to an increase in the amount of money to be contributed for future pension benefits. On an after-tax basis, the loss is expected to reduce Ford's net income by about $1.7 billion in the fourth quarter.
- MarketWatch
Ford to take $2.2 billion fourth-quarter loss related to pensions
After taxes, the loss is expected to cut down on Ford’s net income by $1.7 billion, the company says in a filing Wednesday.
- MarketWatch
Ford to record pension-related $2.2 billion charge
Ford Motor Co. said late Wednesday it expects to take a fourth-quarter pre-tax charge of $2.2 billion related to pension obligations that will cut down on its net income. After taxes, the $2.2 billion loss is expected to slash Ford's net income by about $1.7 billion, Ford said in a filing. As it is a special item, the loss will not impact adjusted profit or adjusted per-share profit, the car maker said. It also did not have an impact on the company's cash in 2019, and does not change its expectations for pension contributions this year, Ford said.
- Bloomberg
Carmakers Must Do Better Just to Keep Up in China
(Bloomberg Opinion) -- The world’s largest car market is cratering and there are few signs of a recovery. It was never supposed to get this bad — and even if it got close, a helping hand from Beijing would steer things out of any prolonged trouble. Or so people thought... Instead, passenger car sales in China fell 9.5% last year, more steeply than the 4.3% in 2018, which was the first annual sales decline in over a decade. The drop has dragged down the global automobile industry and its deep supply chain. That leaves automakers in limbo. After years of relying on the Chinese market for its double-digit volume growth, they don't seem too sure about whom to build cars for, or what kind. Beijing’s lackluster stimulus last year included a grab-bag of measures: removal of car-purchase limits, support for buying electric cars and incentives to build infrastructure like rural gas stations. They haven't done much to revive demand. Consumers were waiting for more, which simply led to a steeper slide in sales. With no new sweeteners and the distortions of past stimuli fading, a real picture of demand is emerging. It’s nuanced. There are fewer first-time buyers, and more who are purchasing replacement vehicles. They’re increasingly looking to upgrade, and also buying more used cars. In a word, consumers are being more discriminating.Luxury carmakers account for around 15% of the market and are doing better than the rest. Porsche Automobil Holding SE, for instance, delivered 86,752 vehicles to customers in China last year, up 8% from 2018. In December, BMW Brilliance Automotive Ltd.’s average daily vehicles sales rose 21% on the year, up from 5% in November. Down the food chain, buyers of family-friendly cars are upgrading. Demand for sports utility vehicles and sedans remains depressed but is shifting toward higher-end, in-between cars, according to analysts at Goldman Sachs Group Inc. Buyers of these so-called multi-purpose vehicles, or MPVs, have long bought the same few basic models, priced between 40,000 yuan ($5,800) to less than 100,000 yuan. As the market was flooded with SUVs, aspirational buyers stayed away. Now, manufacturers are improving design and comfort, and raising prices.A slew of MPV models will be released this year. Going by low discounts compared to the rest of the market, demand remains sturdy. Goldman’s analysts estimate that in every 1% of demand that moves to the higher-end MPVs lies an annual revenue opportunity of almost 50 billion yuan ($7.25 billion). Here’s the hard reality: The double-digit growth days of selling nearly 25 million cars a year are vanishing in the rearview mirror. So are outsize profits from China. Much like the U.S. market, the type of demand will evolve and how people get around will change. Younger Chinese are more inclined to use ride-hailing services. The older people get, the less likely they’ll obtain driving licenses. China’s population is aging rapidly. This is a structural slowdown.In theory, China has plenty of room to sell more cars. Penetration rates are low and so is the national percentage of licensed drivers. The carmakers are banking on semi-urban China, ostensibly the most upwardly mobile consumers. But sales are unlikely to top 20-some million a year, even with the push toward electric vehicles (only 5% of cars sold now) and regulations that will eventually force buyers to go green. For now, higher technology only raises the cost of car ownership out of reach.The market is oversupplied, no doubt. The good news is that inventories are coming down as automakers try to stay in the black. Toyota Motor Corp. has increased the types of models it sells in China and gained market share. As weaker players drop out and the industry consolidates, the likes of Honda Motor Co. and Volkswagen AG are taking a bigger piece. Failure to rigorously manage output will mean a pile of clunkers. Changan Ford Automobile Co. is sitting on some of the highest levels of inventory, as is SAIC General Motors Corp.’s Baojun. GM continues to lose market share. Ford Motor Co. said last week that its sales in China dropped 26% in 2019. European carmakers have also struggled. Making money by churning the assembly lines won’t cut it anymore. The China Road to success is a lot narrower. Only the companies that drive it smarter will survive. To contact the author of this story: Anjani Trivedi at atrivedi39@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Anjani Trivedi is a Bloomberg Opinion columnist covering industrial companies in Asia. She previously worked for the Wall Street Journal. For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Barrons.com
Tesla Is Now the Second-Most-Valuable Car Maker in the World. Look Out, Toyota.
Tesla shares jumped to $586.35 Wednesday afternoon, giving the auto maker a market value of about $106 billion and leaving previous No. 2 Volkswagen in the dust.
- American City Business Journals
Ford promotes underrepresented creators in new ad
Ford's "Built Phenomenally" campaign launched with the help of this underrepresented demographic.
- TheStreet.com
Ford to Take $2.2 Billion Charge Related to Pension Plans
Ford Motor Co. said in a regulatory filing it plans to take a $2.2 billion charge in the fourth quarter related to pension costs that will cut net income by about $1.7 billion for the period. Shares of Ford edged up in after-hours trading, gaining 1 cent to $9.17.
- Barrons.com
The Case for ‘Cash Cows’ Like Alphabet, Ford, and Facebook
Companies with strong cash flow compared to their market value seem like a good bet, Jefferies says, considering the current market conditions.
- American City Business Journals
Ford, Austin City Hall fund traffic-fighting startups
Two startups aiming to get Austinites around town better — Good Apple and Tappy Guide — will split $150,000 in prize money from Ford and the city of Austin.
- Zacks
2020 to be a Crucial Year for EVs: Models to Watch Out for
The EV momentum is expected to reach a new level in 2020 with various attractive, long-range and affordable vehicles coming up this year.
- American City Business Journals
These Louisville companies scored high marks for inclusion
The three companies received perfect scores of 100, two of which enjoyed the title for consecutive years.
- Autoblog
The Brumos Collection opens showroom with Steve McQueen's Porsche 917K
For years, The Brumos Collection was kept private and stored in spare space at the Brumos car dealerships in Jacksonville, Florida. The Brumos Collection, now its own experience, is housed in a building modeled after an old Ford plant and features Steve McQueen's Porsche 917K from Le Mans, a 1914 Peugeot L45, and a Porsche 917-10, among others.
