Ford Stock Surges 8% on Strong Earnings and Guidance
Ford (F) shares rose nearly 8%, extending gains after reporting Q1 earnings of $0.66 per share and raising full-year adjusted EBIT guidance to between $8.5 billion and $10.5 billion, outperforming General Motors (GM) and Tesla (TSLA). The rally reflects a shift toward value-priced auto stocks as yield-seeking investors return.
Topics: automotive sector dividend payers Ford General Motors Tesla