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How’s Ford Stock Faring in November?


Nov. 20 2020, Updated 4:05 p.m. ET

Ford Motor Company

Ford Motor Company (F) stock ended October on a positive note with 3.2% gains despite a 6.9% drop in the S&P 500 Index. Before Ford’s earnings were released on October 24, the stock continued to fall but witnessed a sharp recovery after the event. The company’s third-quarter adjusted earnings fell ~33.0% YoY (year-over-year) to $0.29 per share. The earnings were marginally better than analysts’ estimates of $0.28. Ford reported an ~3.0% YoY rise in its revenues for the quarter, while its profitability deteriorated. Before we discuss Ford’s October US sales data in detail, let’s see how the stock is performing in November.

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November performance

As of November 13, Ford, General Motors (GM), and Tesla (TSLA) have increased 6.7%, 3.1%, and 27.9% sequentially compared to 6.6% losses in S&P the 500 benchmark. General Motors, Ford, and Tesla all managed to beat analysts’ estimates for their third-quarter earnings. So far, their stocks have outperformed the broader market in the fourth quarter.

In contrast, Fiat Chrysler (FCAU) has lost ~6.5% sequentially. Despite the company’s better-than-expected third-quarter earnings, Fiat Chrysler’s dismal performances in China and Europe, along with its negative debt position outlook, could be driving the pessimism. Interestingly, Fiat Chrysler was the auto sector’s second-best gainer in 2017 with a positive return of 96.4%.

In the third quarter, Ford stock fell 16.4%, while the S&P 500 Index rose 7.2%. Among other US automakers (XLY), General Motors and Tesla fell 14.5% and 22.8%, respectively.

To learn more about Ford’s third-quarter earnings, read Digging Deeper into Ford’s Q3 2018 Earnings Results.

Next, we’ll discuss Ford’s US auto sales in October and its sales trend in 2018.


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