Ford stock just hasn't been the same and it's not looking any better.
They're down over 75% from their highs in 2014 and the company just lowered its 2020 guidance to $1.20 EPS while suspending their dividend and shutting down their plants. They have a ton of cash on hand and just borrowed another $15.4 Billion maxing out their credit lines, but they're losing around $1 billion a week. Ford hopes to open some plant in April to work with 3M & GE in making make ventilators and respirators but no confirmation yet as to when.
So right now we have a car maker that isn't making cars, losing $1 billion a week, credit lines maxed out, with no plan mentioned as to what the next move is yet. RSI is currently oversold so we may get a slight bounce but a very risky play at the moment. I would only consider for a slight scalp play with a tight stop loss. Keeping an eye to see if we find some support around $1.80 - $2.00 range or if any new announcements come out to change the sentiment.
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Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
They're down over 75% from their highs in 2014 and the company just lowered its 2020 guidance to $1.20 EPS while suspending their dividend and shutting down their plants. They have a ton of cash on hand and just borrowed another $15.4 Billion maxing out their credit lines, but they're losing around $1 billion a week. Ford hopes to open some plant in April to work with 3M & GE in making make ventilators and respirators but no confirmation yet as to when.
So right now we have a car maker that isn't making cars, losing $1 billion a week, credit lines maxed out, with no plan mentioned as to what the next move is yet. RSI is currently oversold so we may get a slight bounce but a very risky play at the moment. I would only consider for a slight scalp play with a tight stop loss. Keeping an eye to see if we find some support around $1.80 - $2.00 range or if any new announcements come out to change the sentiment.
Shoot us a like and give us a follow as we come back with more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.