Ford (NYSE: F) has performed exceptionally well this year, and as it surges towards a 10-year high, more and more investors are exhibiting an interest.
Anytime a company surges in value by 150% in the space of 12 months, it is worth investigating why this has happened.
That is what this article aims to do with Ford. In addition, it covers the key things you need to know before you invest in Ford, such as what the company is, what its investment prospects are and the best places to buy F stock online.
Where to buy Ford stock online
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What is Ford Motor Company?
The clue is in the name. Founded by the renowned Henry Ford in 1903 and headquartered in Detroit, it is an American multinational automaker and is one of the world’s most popular and famous automobile manufacturers.
With the increased strength of car prices thanks to a global semiconductor shortage caused by the COVID-19 pandemic, Ford has profited, creating well over $100 billion in revenue in the last year. As a result, Barclays has recently raised its price target for the company.
Should I buy Ford stock?
This car price bubble is likely to pop at some point as semiconductor and vehicle production is ramped back up as global lockdowns ease. If you believe the company can continue to experience such lofty success when this happens, buying Ford stock now could prove to be a prudent move.
Ford also pays a robust dividend, and given its long-standing history as one of the world’s leading automakers, it is a considerably less risky investment proposition than many other stocks.
The key to Ford’s future success is how successfully it can segue towards the inevitable electric power revolution in the coming years. The recently released all-electric Mustang Mach-E SUV is a testament to the fact that Ford is accelerating its progress in this direction.