Ford Gears Up For Q2 Earnings: Will Bullish Charts Overcome Recent Dip?
Portfolio Pulse from Surbhi Jain
Ford Motor Co (NYSE:F) is set to report its Q2 earnings on Wednesday, with Wall Street expecting 66 cents in EPS and $44 billion in revenues. Despite a recent dip, the stock is up 14.31% YTD. Technical indicators show a moderately bullish trend, with the stock price above key moving averages. Analysts have an Overweight rating with a price target of $15.55.
July 23, 2024 | 5:10 pm
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POSITIVE IMPACT
Ford Motor Co is set to report Q2 earnings with Wall Street expecting 66 cents in EPS and $44 billion in revenues. The stock shows a moderately bullish trend with key moving averages indicating potential upward movement. Analysts have an Overweight rating with a price target of $15.55.
The upcoming earnings report and positive technical indicators suggest potential upward movement. Analysts' Overweight rating and price target further support a bullish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
General Motors Co's recent Q2 earnings report and delays in its EV projects have caused a dip in its stock, which has also impacted Ford's stock price.
GM's negative news has caused a short-term dip in its stock price, which has also affected Ford's stock. However, Ford's own positive indicators may mitigate this impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50