Ford Motor Company (F) has been struggling in the stock market, but according to popular financial commentator Jim Cramer, there may be more to the story. In a recent interview, Cramer shared his thoughts on why Ford’s stock has been underperforming and what could potentially turn things around for the company.
One factor that has been holding back Ford’s stock, according to Cramer, is its heavy reliance on the traditional automotive industry. With the rise of electric and autonomous vehicles, Ford has been lagging behind competitors like Tesla. However, Cramer believes that Ford’s partnership with electric vehicle startup Rivian could be a game-changer. This collaboration could give Ford the opportunity to catch up and gain a foothold in the rapidly growing electric vehicle market.
Another reason for Ford’s underperformance, according to Cramer, is its size and lack of agility. With a large workforce and established processes, the company may struggle to adapt and innovate quickly. However, Cramer sees potential for Ford to overcome this challenge through its recent leadership changes. With new CEO Jim Farley at the helm, Ford could become more nimble and competitive, which could positively impact its stock performance.
While Ford’s stock may have been held back in the past, there are potential catalysts on the horizon that could lead to a turnaround. As an investor, it’s important to keep an eye on Ford’s progress in the electric vehicle market and how its new leadership team is driving innovation. With these factors in mind, it may be worth considering adding Ford to your portfolio. As Cramer says, “I think Ford’s a buy here. I think it’s a good stock to own.”
In conclusion, Ford (F) stock has been struggling, but there are reasons to be optimistic. With its partnership with Rivian and new leadership team, the company could be poised for growth and success in the evolving automotive industry. As a retail investor, it’s important to stay informed and consider the potential opportunities that Ford may offer.