Ford’s latest quarterly results have shown increased demand for its electric vehicles.
The electric vehicle sales have tripled in September and total deliveries have been up 16% in the recent quarter. According to Ford the new flagship F-150 Lightning plug in only stays for eight days on dealers' lots.
Will this good news help lift Ford stock which is currently down 40% on the year as supply chain woes weighed on Ford earlier in the year?
The seasonals are certainly strong. Over the last 10 years Ford has gained 9 times between Oct 09 and Dec 02. The average return has been over 10% and the largest gain was 31% in 2021.
Is Ford now set to surge higher on electric stock appeal?
Major Trade Risks:
The major trade risk here is that the US has a hard landing and that decreases demand for new vehicles.
Don’t just trade it, Seasonax it!