Ford Motor Company (F) - On the Road to Recovery with Key Levels
Ford Motor Company (F) has been showcasing a strong financial performance, consistently beating earnings expectations for the past four quarters. The most recent Q2 2023 earnings came in at $0.44 per share, surpassing the estimated $0.39 per share. Moreover, revenues spiked by 15% YoY to $36.2 billion.
#### What's Driving the Performance?
1. **Global Automotive Market Recovery**: The automotive industry is rebounding, and Ford is reaping the benefits.
2. **Electric Vehicle Focus**: Ford's concentrated efforts on EVs are paying off.
3. **Cost-Cutting Initiatives**: Aggressive cost-cutting measures are also adding to the bottom line.
#### Analyst Expectations:
For 2023, the earnings are projected to rise to $1.85 per share, a jump from $1.02 in 2022. Annual revenues are anticipated to mark a 10% YoY growth, reaching $177.2 billion. The next earnings report is slated for October 24, 2023, with expectations at $0.46 per share.
#### Key Risks:
- Slowdown in the automotive market recovery
- Fluctuating demand for electric vehicles
- Supply chain disruptions
#### Option Play (risky and not a financial advice):
Considering the current option landscape, a call option with a strike price of $13 expiring on 19 Jan 2024 is worth keeping an eye on. The fair price, according to the Black-Scholes model, is around $1.25, currently trading at $0.66, signaling a potential undervaluation.
#### Important Levels to Watch:
- $12.8: Near-term resistance
- $13.5: Medium-term target
- $14.55: Bullish breakout level
In summary, Ford appears well-positioned for continued recovery, particularly with its focus on electric vehicles and it’s one of the biggest US company in that field. However, potential risks like a market slowdown or supply chain issues could impact performance. Keep an eye on the aforementioned key levels for trading opportunities. Dr saud
#### What's Driving the Performance?
1. **Global Automotive Market Recovery**: The automotive industry is rebounding, and Ford is reaping the benefits.
2. **Electric Vehicle Focus**: Ford's concentrated efforts on EVs are paying off.
3. **Cost-Cutting Initiatives**: Aggressive cost-cutting measures are also adding to the bottom line.
#### Analyst Expectations:
For 2023, the earnings are projected to rise to $1.85 per share, a jump from $1.02 in 2022. Annual revenues are anticipated to mark a 10% YoY growth, reaching $177.2 billion. The next earnings report is slated for October 24, 2023, with expectations at $0.46 per share.
#### Key Risks:
- Slowdown in the automotive market recovery
- Fluctuating demand for electric vehicles
- Supply chain disruptions
#### Option Play (risky and not a financial advice):
Considering the current option landscape, a call option with a strike price of $13 expiring on 19 Jan 2024 is worth keeping an eye on. The fair price, according to the Black-Scholes model, is around $1.25, currently trading at $0.66, signaling a potential undervaluation.
#### Important Levels to Watch:
- $12.8: Near-term resistance
- $13.5: Medium-term target
- $14.55: Bullish breakout level
In summary, Ford appears well-positioned for continued recovery, particularly with its focus on electric vehicles and it’s one of the biggest US company in that field. However, potential risks like a market slowdown or supply chain issues could impact performance. Keep an eye on the aforementioned key levels for trading opportunities. Dr saud