Oct 13, 2021 (Baystreet.ca via COMTEX) -- When Ford /zigman2/quotes/208911460/composite F -0.41% peaked in June at over $16 a share, the selling pressure lasted for months. Now that investors seek exposure in gas-powered and electric-powered vehicles, Ford is rebounding.
Ford could sustain an uptrend if it reports strong operating profits from Maverick, the F-150, and the Bronco. Unit Mach-E sales growth is a contributor to the stock's future value. The EV output is still constrained, which is unfortunate for Ford's turnaround plans. Conservative investors may look at General Motors /zigman2/quotes/205226835/composite GM -0.52% instead. The competitor has a clearer EV strategy and has out-performed Ford in the last few years.
Tesla /zigman2/quotes/203558040/composite TSLA +5.09% , despite its high stock price, is on a steady uptrend, too. Markets should not rely on speculation that Lucid /zigman2/quotes/221104327/composite LCID +6.46% , Fisker /zigman2/quotes/209924856/composite FSR +11.57% , and other manufacturers pressuring Tesla. GM, Ford, and Tesla dominating the EV market is a more likely scenario. Even though Ford and GM will not catch up to Tesla, they are steady holdings. Tesla has too big a fan base and strong demand to under-perform.
Ford's uptrends usually do not last. It may falter again if sentiment changes. Investors should consider holding F stock while looking at Tesla and GM shares, too. That will give a portfolio an even balance of growth and value through exposure in the automotive sector.
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