Thursday, 27 October 2016

F - falling on uninspiring earnings

Q3 earnings for Ford (F) were above market expectations, but that wasn't enough to inspired any upside, with the stock settling -1.3% @ $11.73. Considering the broader market looks set to weaken into early November, Ford will be inclined for the $11.20/10.80 zone.

F, daily

F, monthly


Suffice to add... EPS of 26 cents was far better than consensus of 21, but that was notably below last years equivalent of 45 cents.

At the current price, Ford has a PE of around 10/11, and is offering a yield of around 5%... almost 3 times the US 10yr bond.

Relative to the main market, Ford has been struggling since hitting the brick wall of the $16s in summer 2014.

For the conservative 'bullish chasers', its one to merely watch until a monthly close >$16.