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  • Can Electric Vehicles Save Ford Stock?
    InvestorPlace

    Can Electric Vehicles Save Ford Stock?

    If you're buying Ford (NYSE:F) stock today, you're speculating on a big future for electric cars.Source: Art Konovalov / Shutterstock.com Ford is planning to show an electric crossover SUV at an auto show early next year. It is building a network of 12,000 charging stations for it, and future electric vehicles. It will call its network FordPass.The new Mach E will have Mustang styling, a 300-mile range and a Tesla (NASDAQ:TSLA) price of about $40,000. If that sounds high, consider that a 2018 Ford F-250 pick-up truck was selling today on Carvana (NYSE:CVNA) for $45,000.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFord has bet $11 billion on electrics and hybrids under the name Project Edison. The Mach E will be the first of 16 electric vehicles it hopes to introduce by 2022. Within three years most of Ford's product line will have electric versions. Electric Vehicles Are the FutureThe electric car market is growing. So far most of the growth is in China. The U.S. had 209,000 electrics delivered in the first half of the year, one-third of them were Tesla models. * 7 Reasons to Buy Canopy Growth Stock But there may be as many as 40 different electric models on the road by 2025. Ford is betting a common platform it has endorsed with Volkswagen (OTCMKTS:VLKAY) will give it a leg-up on both electric and self-driving vehicles. Ford CEO Jim Hackett has called this the "biggest shift in in transportation" since Henry Ford's Model T.When the Model T came out in 1908 there were electric cars on the road. But the U.S. electric grid was still primitive, still mostly used for lighting. Gasoline was cheap, plentiful and easily available. That's why the charging network, and self-charging kits Ford will produce for the home, are so important. A Skeptical MarketThe stock market doesn't believe any of this. Since Hackett became CEO in May 2017 Ford stock is down 16.6% while the Dow Jones Industrial Average is up 28%. Even General Motors (NYSE:GM) is up 9%.Ford continues to earn its 15 cents per share dividend most of the time, but the yield on that dividend is up to 6.6%, an indication the market doesn't consider it sustainable. A string of poor quarterly results, including the June quarter's 4 cents per share income, have the price-to-earnings ratio up over 16. Ford's stock recently bounced off a 10-year low and opens for trade Oct. 18 at about $9.09 per share.Ford is next expected to deliver earnings on Oct. 23, with 26 cents per share expected on revenue of $34.1 billion. Right now, Ford stock is selling for barely one-fourth its annual revenue. By contrast retailer Kohl's (NYSE:KSS) sells for about half its revenue.With the end of the GM strike in sight, Ford faces tough negotiations with the United Auto Workers, who will see the GM numbers as a benchmark.Ford is also being hit by the U.S.-China trade war. Its sales in China dropped 30% in the third quarter. The Bottom Line on Ford StockDespite all the bad news, more hedge funds have been buying Ford shares recently. There are even some analysts serving small investors who recommend the stock in the near term. Its big pick-up trucks and SUVs continue to sell, and the U.S. consumer remains flush, giving it a bridge to the electric future.I've had Ford in my own retirement account, but the fall of the stock price didn't make up for the dividend. I lost money and got out. Despite an incredible yield, Ford is still a speculation.Dana Blankenhorn is a financial and technology journalist. He is the author of the historical mystery romance The Reluctant Detective Travels in Time available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post Can Electric Vehicles Save Ford Stock? appeared first on InvestorPlace.

  • Don’t Buy General Motors Stock — Even on UAW Strike Discount
    InvestorPlace

    Don’t Buy General Motors Stock — Even on UAW Strike Discount

    General Motors (NYSE:GM) stock opened for trade Oct. 10 at $34.45 -- just 75 cents above its 2019 low of $33.70 per share. Since the United Automobile Workers strike began Sept. 15, shares are down almost 11%. Half that loss came after Oct. 1, when the company began laying off workers at its Mexican factories over a shortage of parts. More were laid off Oct. 9.Source: Joseph Sohm / Shutterstock.com After talks to end the walkout turned negative, the strike transformed from a hiccup into an existential threat. This threat poses risks both to GM and the United Auto Workers union. The UAW has yet to organize the nation's foreign-owned plants -- even Volkswagen (OTCMKTS:VLKAY), where workers have voted twice on the matter in five years.The question for investors is whether to grab GM and the strike discount or stand off the sidelines.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why Buy GM?GM has been dirt cheap ever since it began trading again in 2010. It opened that November at $35 per share.GM, Ford Motor (NYSE:F) and Fiat Chrysler (NYSE:FCAU) have been so cheap so long you can't call them undervalued. This is their value. GM currently sells at a trailing price-to-earnings ratio of 5.5. Its 38 cent per share dividend represents a yield of 4.5%. The other two U.S. automakers sport even higher yields. It's clear that investors don't believe in the car business. * 10 Super Boring Stocks to Buy With Super Safe Returns Or, they just don't believe in today's car business. Tesla (NASDAQ:TSLA), which offers no dividend, is worth $43.7 billion. That's just $6 billion less than GM stock.What investors know is that electric cars and autonomous vehicles are the future. What investors know is that Detroit's lineup of SUVs and pick-up trucks has a limited shelf life. U.S. auto sales peaked in 2015 at an annual rate of 18.2 million. The most recent report, for September, shows sales almost 500,000 below that figure. Detroit vs. Silicon ValleyFor the last several years Detroit has been in a tug of war with Silicon Valley over which side will direct the autonomous revolution. GM has joined the Autonomous Vehicle Computing Consortium, hoping to set standards for self-driving cars. It has its own self-driving unit, Cruise, and is working with other car companies.Meanwhile, Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Waymo unit is telling its Phoenix ride-hailing customers to soon expect Waymo cars without drivers. It is putting a fleet of self-driving cars into Los Angeles to gather real-time location data.Morgan Stanley recently cut Waymo's valuation 40%, to $105 billion. That's still more than twice GM's valuation. Cars Aren't Going to Be CarsGas-powered cars are complicated. They have engines and transmissions with many parts that can break. Electric vehicles have always been simpler, more reliable and less expensive to operate. This has been true since the 1890s. Gas-powered cars came to dominate the market because gasoline's supply infrastructure made the fuel cheap while electricity was still just barely keeping the lights on.Now that the electrical system is mature and seeking new markets as efficiency presses down on demand, the equation is shifting. GM knows it. Tesla has taken a big bite of the luxury market. Standards like Volkswagen's MEB, already being accepted by Ford, promise to make electrics cheaper as well. The Bottom Line on GM StockRegardless of the merits of this strike, GM and its union are fighting over scraps.Electric vehicles are the future. Self-driving cars are the future. The industry's entire business model is going to change utterly over the next decade. That's why GM, and the other U.S. automakers, are so cheap.This isn't just an existential crisis. This is the future telling the past what time it is. Both sides are going to lose here. Don't join them with your money.Dana Blankenhorn is a financial and technology journalist. He is the author of the historical mystery romance The Reluctant Detective Travels in Time, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Dona€™t Buy General Motors Stock -- Even on UAW Strike Discount appeared first on InvestorPlace.