Buy signal on Ford Motors (F-US)
Ford is a $38 Bn market cap and one of the world's leading car manufacturers. Revenues are split between vehicle sales (90% of sales) : 4.8 million vehicles sold in 2019 (Ford and Lincoln brands), and financial services (10% of sales): primarily vehicle purchase financing. Ford revenues are achieved in the United States (63%), Canada (7%), United Kingdom (6 %), Germany (5%) and others (19%).
Ford has a hidden asset,—the electric-truck maker Rivian of which first vehicle is due this year while the company have just took in another $2.7 bn from outside investors, boosting its value to almost $28 bn.
Ford just began shipping its all-electric Mach-E Mustang. The company announced plans to spend $11 to $12 billion on EV development, generating 40 electrified models.
Ford is expected to achieve a $145bn revenue in 2021, catching up its 2019 level, coupled with a $2.7bn net profit and enjoys a strong balance sheet ($ 5 bn in net cash).
Short term catalyst: EV new models/ margins recovery. b>
This signal looks consistent with the Major Bullish trend in the Automotive sector.