Ford Stock Rockets 10% on Q3 Earnings – Can EV Blues and Recall Woes Stop the Rally?
Ford’s Q3 report showed the strength of its core businesses. Wall Street cheered the upside surprise: revenue of $50.5B and EPS of $0.45 easily topped forecasts reuters.com. In after-hours trading on Oct. 23 the stock leapt again, taking the price to about $13.68 by Oct. 24 ca.investing.com. TechStock² notes that this rally broke above Ford’s long-standing trading range, with momentum indicators still healthy ts2.tech. The market seems to be rewarding Ford’s focus on profitable growth areas, notably commercial fleets and full-size trucks. Indeed, Ford’s “Blue” vehicles and its Ford Pro fleet division drove most of the gains, while the EV arm remains unprofitable ts2.tech.