Trading Strategies For Ford Stock Before And After Q2 Earnings
Portfolio Pulse from Melanie Schaffer
Ford Motor Company (NYSE:F) is set to release its Q2 financial results after the market close on Thursday. Analysts expect an EPS of 55 cents on revenues of $40.38 billion. Citigroup analyst Itay Michaeli maintained a Buy rating on Ford and raised the price target from $16 to $17. However, from a technical analysis standpoint, Ford’s stock looks headed lower following the earnings print, trading in a downtrend.
July 27, 2023 | 7:11 pm
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NEGATIVE IMPACT
Ford's stock is expected to trend lower following the release of its Q2 earnings, despite a Buy rating and increased price target from Citigroup.
The news of Ford's upcoming Q2 earnings release and the expectation of a downtrend in the stock price post-release is directly relevant to the company. Despite positive analyst ratings, the technical analysis indicates a potential decrease in stock price, which is important for investors to consider.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100