Author: Vitaliy Dadalyan

Here’s Why Ford Motors Stock Can Drive to $10 in the Coming Months

Ford Motors (NYSE:F) has been a losing bet for a long time. F stock has been on a pretty steady downslope for the last several years.Source: Jonathan Weiss / Shutterstock.com The legacy U.S. automobile manufacturer has seen the electrification wave disrupt global auto demand and cause the company's signature diesel cars to lose popularity. Meanwhile, profit margins have been squeezed by increasing competition. And, to make matters worse, the Covid-19 pandemic entirely killed automobile demand in the first half of 2020.Net net, Ford's revenues and profits haven't gone anywhere in a long time. As a result, F stock has shed about 40% over the past decade, while the S&P 500 has risen 235%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut there's reason to believe this downtrend is gearing up to reverse course, and that F stock could drive all the way to levels above $10. Here's why. Covid-19 and...

BofA Says Covid-19 Vaccine Can Mark ‘Big Top’ for Equity Rally

(Bloomberg) -- The announcement of a Covid-19 vaccine would likely mark the “big top” for the rally in stocks and credit markets, according to Bank of America Corp.With a surge in risk assets having recently pushed the S&P 500 Index to a record high, confirmation of a breakthrough along with a major recovery in jobs are needed to put a cap on the rally, strategists led by Michael Hartnett say. They point out that while the market consensus is bullish, cross-asset positioning remains neutral rather than “excessively” optimistic.Writing in a note, the strategists also warn of the growing risk of a market correction and rising volatility as the U.S. election approaches, advising that investors hedge their exposure via high-yield and emerging-market bonds and income equities, such as utilities, real estate investment trusts and dividend exchange-traded funds. The strategists forecast the S&P 500 will reach 3,630 prior to the U.S. vote --...