Wall Street sentiment is optimistic this morning after yesterday’s epic turnaround. The Nasdaq shifted course, making up nearly all of the recent 4% loss.
Some analysts believe that we are heading for what has been dubbed the “Biden Boom.” They could be right, if 2021’s strength is any indicator of what’s to come.
Biden has already said climate change is “the number one issue facing humanity” And now, he’s signaled a major shift, stating he plans to replace the entire government vehicle fleet with electric vehicles. That includes 245,000 in various federal agencies; 225,000 in the United States Postal Service and another 173,000 in the military. That adds up to a grand total of 643,000 cars, trucks, and vans set for an upgrade on the U.S. government’s dime. And after the year we’ve seen for EVs in 2020, this should come as no surprise. After all, it led to some of the most eye-popping gains we’ve seen in recent years.
Today’s trade alert highlights a surprising EV play.
Ford ( F) is another Detroit legend that is looking to jump on the electric vehicle boom. And while it suffered a major downturn last year, Ford is already bouncing back, with its stock price more than doubling since March 2020.
New Ford (F) CEO Jim Farley is taking an aggressive approach to autonomous and electric vehicles. Farley took over in October, and he recently announced that Ford would be raising its investments in AV and EV tech to $29 billion through 2025.
This major investment includes plans of their own to create an electric cargo van and a plug-in version of their bestseller F-150 pickup truck. And this is just the beginning for the heavyweight automaker.
The most head-turning car in its arsenal, however, may just be its new take on its muscle car classic, the Mach-E Mustang. The affordable electric twist on the company’s iconic sportscar lives up to its name. The eye-popping nu-classic can go from 0-60 in just 3.5 seconds, with a range of approximately 300 miles per charge. It even has new tech including Active Drive Assist allowing drivers to operate the Mustang Mach-E hands-free.
In October, Ford also unveiled its fourth-generation self-driving test vehicles based on the Ford Escape Hybrid crossover. Ford is adding the new vehicles to its current AV test fleets operating in Austin, Texas; Detroit; Miami; Palo Alto, California; Pittsburgh; and Washington, D.C. Ford and partner Argo AI plan to launch a self-driving commercial business in 2022. Per a report by Million Insights, the global autonomous vehicle market demand is projected to account for 4.2 million units by the end of 2030, witnessing a CAGR of more than 63%.
The consensus growth rate estimate for Ford year over year is 139%. Moreover, of 12 analysts offering recommendations for the stock 5 rate the stock a Strong Buy. There are also 5 Hold recommendations and 1 Sell recommendation for F stock.
Where to invest $1,000 right now...
Before you consider buying Ford, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Ford.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
