Ford Aims to Ease Back Into Production by Early April

Ford also announced that some of its top executives would take temporary pay cuts to conserve cash

Deputy Editor
Mar 18, 2020 at 10:47 AM
facebook X logo linkedin

While many companies are shutting their doors in response to the rapid spread of the coronavirus, Ford Motor Company (NYSE:F) said it plans on restarting production on some of its more profitable vehicles, such as its F-150 full-sized pickup, as early as April 6. The automaker also said its top executives would take pay cuts to conserve cash for the company, with Chief Executive Jim Hackett telling employees in an email that he hopes the measures "will be enough to give Ford the financial flexibility to ride out the economic and business effects of the coronavirus." At last check, F is up 2.4% at $5.50.

Last week, the auto stock bottomed out at an 11-year low just under the $4 region, and while its made an effort to rebound off this bottom, the equity is still suffering a 45.5% deficit for the year. Today, Ford is once again going head to head with its 20-day moving average -- a trendline that's served as a ceiling for the security since early January. 

Analysts are approaching Ford with caution, with 10 of the 12 in coverage calling Ford a "hold" or worse.  Meanwhile, the consensus 12-month price target of $7.09 is a 30.2% premium to current levels.

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Ford sports a 10-day put/call volume ratio of 1.36. This ratio ranks in the 97th percentile of its annual range. This means long puts have been outpacing long calls at a much quicker clip than usual.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI