What's Going On With Ford Motor Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Ford Motor Company (NYSE:F) is recalling approximately 85,000 Explorer SUVs due to potential engine fire risks and 37,371 vehicles, including the Mustang Mach-E, due to windshield wiper failures. The recalls affect various models from 2020-2024. F stock has lost over 12% in the past year and is trading lower by 0.68% today. Investors can gain exposure to Ford via the First Trust Nasdaq Transportation ETF (NASDAQ:FTXR).
August 16, 2024 | 4:34 pm
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NEGATIVE IMPACT
Ford is recalling 85,000 Explorer SUVs due to potential engine fire risks and 37,371 vehicles, including the Mustang Mach-E, due to windshield wiper failures. The recalls affect various models from 2020-2024. F stock has lost over 12% in the past year and is trading lower by 0.68% today.
The recalls indicate potential safety issues, which can negatively impact investor sentiment and lead to short-term stock price declines. The stock is already down 0.68% today and has lost over 12% in the past year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) provides exposure to Ford, which is currently facing recalls for 85,000 Explorer SUVs and 37,371 other vehicles. Ford's stock has lost over 12% in the past year and is trading lower by 0.68% today.
FTXR holds Ford among its assets, and negative news about Ford's recalls could impact the ETF's performance. However, the impact is less direct compared to Ford's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50