Here’s Where Ford Stock May Find Strong Support

Auto stocks like Ford  (F)  made a stellar move off the lows. In fact, Ford stock rallied 57.2% off its 2022 low to last month’s high.

Even though Tesla  (TSLA)  seems to get all the attention, the move by Ford actually outpaced Tesla’s gain of 52.1%.

It helps that Ford stock has a low valuation and recently reinstated its dividend. Its push toward EVs also helps, as it recently electrified its F-150 and continues to see strong demand. 

It hasn’t been completely smooth sailing though, as the automaker navigates global macro issues and has even had to slash jobs along the way.

Source: https://www.thestreet.com/investing/heres-where-ford-f-stock-may-find-strong-support?puc=yahoo&cm_ven=YAHOO&yptr=yahoo