Shares of auto component companies are trading lower. The sector may be moving amid possible sympathy with Ford Motor, which fell after reporting Q3 earnings and issued FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Auto component companies' shares are declining, potentially in sympathy with Ford Motor's drop following its Q3 earnings report and FY24 guidance.
October 29, 2024 | 6:46 pm
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Ford Motor's shares fell after the company reported its Q3 earnings and issued FY24 guidance, impacting the auto sector.
Ford's earnings report and guidance likely disappointed investors, leading to a decline in its stock price. This has a ripple effect on the auto sector, causing related stocks to fall.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80