Wednesday, August 5, 2009
Has Anybody Seen....
Has anybody seen Ford Motor's stock lately? It is absolutely red hot! It is sitting at $8.50 per share right now, and that may be cheap. Let's see, it bottomed at $1.34 in March, so in 6 months it has gained $7.16. This translates into a 534% gain. Annualized it is 1,068% gain. As the car market heats up, and it will, this stock will go absolutely crazy.
If cars begin selling, so will steel. AK Steel and US Steel are really hot right now also. There is still a lot of upside to these stocks.
Make no mistake, Americans are in love with their cars. Americans will sacrifice a lot of things to have a shiny new car. As gas prices go up, they will trade in their clunkers, even without a clunkers for cash program. Autos and steel will help lead the economy back to health. Buy Ford stock, then buy a Ford. It's a win-win.