Tuesday, October 3, 2023
Buy EVDomains
Online Electric Vehicle Marketplace
Buy OnlineEV.com
  • Home
  • Buy Domains
  • Charge EV Map
    • Charge
  • Videos
  • Buying Advice
    • Shop
    • Shop
    • Sell
    • Finance
    • Insure
    • Park
No Result
View All Result
Online Electric Vehicle Marketplace
No Result
View All Result
OnlineEV.com- ONLINE ELECTRIC VEHICLE MARKETPLACE

Own Ford Stock in 2023, Recession or Not – Top Analyst Outlines EV Bull Case

Dr.Ev by Dr.Ev
12/27/2022
in Future EVs
270 14
0
136
SHARES
1.2k
VIEWS
Share on Twitter

You might also like

Pa. sees investments in EVs as UAW strike threatens switch to electric – WPMT FOX 43

Athena ZEV Takes Up Challenge of Electrifying Airports and De … – NREL

Michigan Central offers free training to be future EV technicians – Detroit News


Will 2023 be the year, Ford  (F) – Get Free Report CEO Jim Farley finally catches up with Elon Musk’s Tesla  (TSLA) – Get Free Report? 

In this sneak peek from the Action Alerts PLUS members-only December live show, AAP co-portfolio manager Chris Versace broke down why Ford is a stock you’ll want to own no matter the state of the economy.

Catch all of the latest stock picks from AAP here. 

FULL VIDEO TRANSCRIPT BELOW: 

KATHERINE ROSS: Now, I know that I’m going to get some cringes for this next question but I think it’s a fair point. Is 2023 the year that Ford CEO Jim Farley catches up with Elon Musk, especially since we all know that he’s got his hands full?

CHRIS VERSACE: He does have a handful. And if we do go into a recession, it could be a very challenging time. But I do think, if we look at really what they have done and have accomplished thus far, the reach to catch Tesla is a big one. But depending on the market share data that you’re looking at, Ford is a clear number two in the EV space, and that’s as its transformation continues to gain steam.

For me, one of the things I really want to see and understand is the real impact of this EV tax credit that goes in starting in January. To me, that could be the accelerant that really helps Ford grow and transform even faster. To me, that’s probably the biggest key that I’m looking for when it comes to Ford shares. And if we see great adoption in that, that could actually lead us, depending on where the share price is, to add more Ford shares to the portfolio.

KATHERINE ROSS: I’m so glad that you brought that up, Chris, because my thought here on Ford kind of goes back to what we were talking about last spring, which is when the gas prices were astronomical because of the Russian invasion of Ukraine. And now with this possible economic downturn being predicted, I’ve heard a lot of talk from sources and other people and on social media saying EVs may not be the right bet to make because people are going to be tightening their wallets. They’re not going to want to overspend or outspend on an EV, maybe look at a used car instead.

But your point is valid. And do you think that means that Ford and GM continuing to invest in EVs makes them not recession proof, but definitely a stock worth having during a recession?

CHRIS VERSACE: So when we look at Ford, we can use the dividend as a proxy and say, OK, we can be patient, collect these dividends while the company continues to transform. But you have to remember, too, that the average age of a car on the US road is around 12 years old. So there is this natural upgrade cycle.

So even if we hit a recession in 2023, we know that cars are going to continue to age. That probably means the average age grows to 13 years, 13 and 1/2 years, something like that. There will be a much bigger upgrade cycle.

At the same time, that EV tax credit is not just for 2023 years. I believe it’s around 10 years. So when we put those two things together and we start to see Ford realize more of the synergies in its transformation, that longer term, new Ford probably has more opportunity to shine in the back half of 2023, 2024. So given where the shares are, I think we’re inclined to be patient and let that play out.

This holiday season, give yourself the gift of future investing returns!

For a limited time, you’re invited to join Action Alerts PLUS for just $79.99/yr. Don’t miss this chance to unlock best-in-class investing guidance from trusted portfolio managers — without the management fees.

Don’t wait to make your next move. Take $120 off our most popular subscription for investors right now.





Source link

Tags: AnalystBullCaseFordOutlinesRecessionStockTop
OnlineEV.com ONLINE EV MARKETPLACE PREMIUM DOMAIN MAY BE FOR SALE. INQUIRE: dre at evdomains com
ADVERTISEMENT
Previous Post

Silverado EV vs F-150 Lightning vs Rivian R1T Compared: You’ll Be Surprised By How Similar They Are!

Next Post

How to keep EV charging cost down, tips to know

Dr.Ev

Dr.Ev

Related Posts

Pa. sees investments in EVs as UAW strike threatens switch to electric – WPMT FOX 43

by Dr.Ev
10/02/2023
0

Pa. sees investments in EVs as UAW strike threatens switch to electric  WPMT FOX 43 Source link

Athena ZEV Takes Up Challenge of Electrifying Airports and De … – NREL

by Dr.Ev
10/02/2023
0

Athena ZEV Takes Up Challenge of Electrifying Airports and De ...  NREL Source link

Michigan Central offers free training to be future EV technicians – Detroit News

by Dr.Ev
10/02/2023
0

Michigan Central offers free training to be future EV technicians  Detroit News Source link

TN hopes investments ride in on EVs – Times of India

by Dr.Ev
10/01/2023
0

TN hopes investments ride in on EVs  Times of India Source link

Next Post

How to keep EV charging cost down, tips to know

Related Post

What Is the Value of Used EVs? It’s Hard to Say

01/27/2023

LIFT Aircraft completes first-ever piloted eVTOL demonstration flights in Japan – Inceptive Mind

03/20/2023

Super indigenously manufactured electric bike that can well disrupt the market, all details here

12/29/2022

Category

  • Buying Advice
  • Electric Cars
  • EV Charging
  • EV Comparisons
  • EV History
  • EV News
  • eVtol
  • Flying EV
  • Future EVs
  • Tesla
  • Videos

Recent Posts

History links LMC bidders to founder | News, Sports, Jobs – Warren Tribune Chronicle

10/03/2023

Charged EVs | Today’s EV engineering webinar schedule: Tuesday, October 3rd

10/03/2023

Categories

  • Buying Advice
  • Electric Cars
  • EV Charging
  • EV Comparisons
  • EV History
  • EV News
  • eVtol
  • Flying EV
  • Future EVs
  • Tesla
  • Videos

Follow Us

Online EV Video…. watch

https://www.youtube.com/watch?v=lA-6IShkIcY

Recommended

  • History links LMC bidders to founder | News, Sports, Jobs – Warren Tribune Chronicle

© 2022 Online EV

No Result
View All Result
  • Home
  • Buy Domains
  • Charge EV Map
    • Charge
  • Videos
  • Buying Advice
    • Shop
    • Shop
    • Sell
    • Finance
    • Insure
    • Park

© 2022 Online EV

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In