What's Happening With Ford's Shares On Thursday?
Portfolio Pulse from Shivani Kumaresan
Ford Motor Co (NYSE:F) announced further job cuts at its Valencia, Spain, assembly plant, totaling up to 1,600 positions. This follows a previous reduction of 1,100 staff last year. The plant will transition to producing a new hybrid passenger car by 2027. Ford shares are trading lower by 1.57% at $11.89. Investors can gain exposure to Ford stock via Schwab U.S. Dividend Equity ETF (NYSE:SCHD) and IShares MSCI USA Value Factor ETF (BATS:VLUE).
June 13, 2024 | 3:22 pm
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Ford announced further job cuts at its Valencia, Spain, assembly plant, totaling up to 1,600 positions. This follows a previous reduction of 1,100 staff last year. The plant will transition to producing a new hybrid passenger car by 2027. Ford shares are trading lower by 1.57% at $11.89.
The job cuts indicate ongoing restructuring and cost-cutting measures, which may negatively impact investor sentiment in the short term. The stock is already trading lower by 1.57%, reflecting immediate market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Investors can gain exposure to Ford stock via Schwab U.S. Dividend Equity ETF (NYSE:SCHD). Ford's recent job cuts and restructuring efforts may impact the ETF's performance.
SCHD holds Ford stock, and the negative news surrounding Ford's job cuts may have a minor impact on the ETF's performance. However, the overall impact is diluted due to the ETF's diversified holdings.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Investors can gain exposure to Ford stock via IShares MSCI USA Value Factor ETF (BATS:VLUE). Ford's recent job cuts and restructuring efforts may impact the ETF's performance.
VLUE holds Ford stock, and the negative news surrounding Ford's job cuts may have a minor impact on the ETF's performance. However, the overall impact is diluted due to the ETF's diversified holdings.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50