What's Going On With Ford Shares
Portfolio Pulse from Henry Khederian
Ford Motor Co (F) shares are trading lower by 1.04% to $13.82, seemingly in sympathy with General Motors Co (GM) despite Ford's better-than-expected Q2 results and raised FY23 cash flow guidance. GM reported strong Q2 FY23 sales growth of 25% YoY, surpassing analyst consensus. Despite increased costs, GM's operating income rose by 33% YoY.
July 25, 2023 | 2:54 pm
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POSITIVE IMPACT
GM reported strong Q2 FY23 sales growth and increased operating income, surpassing analyst consensus.
GM's strong financial performance in Q2 FY23, surpassing analyst consensus, is likely to positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Ford's shares are trading lower despite better-than-expected Q2 results and raised FY23 cash flow guidance.
Ford's stock is trading lower despite positive financial results, possibly due to market sentiment influenced by GM's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100