What's Going On With Ford Stock Tuesday?
Portfolio Pulse from Adam Eckert
Ford Motor Co (NYSE:F) shares rose premarket in sympathy with General Motors Co (NYSE:GM), which reported strong Q2 earnings and raised its 2024 guidance. GM's revenue and earnings beat analyst estimates, leading to a 4.5% increase in its stock. Ford is set to report its Q2 results after the market close on Wednesday.
July 23, 2024 | 1:12 pm
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POSITIVE IMPACT
Ford shares rose premarket in sympathy with GM's strong Q2 earnings. Ford is set to report its Q2 results on Wednesday, with analysts expecting earnings of 68 cents per share on revenue of $43.756 billion.
Ford's stock is positively influenced by GM's strong performance. Upcoming Q2 results for Ford could further impact its stock price depending on whether it meets or exceeds analyst expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
General Motors reported strong Q2 earnings, beating analyst estimates on both revenue and earnings per share. The company also raised its 2024 guidance, leading to a 4.5% increase in its stock.
GM's strong Q2 earnings and raised guidance indicate robust financial health and future growth potential, positively impacting its stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100