Ford: A 10% Free Cash Flow Yield And Subdued P/E Make It A Buy
FFord Motor(F) Seeking Alpha·2024-06-24 12:16

Vera Tikhonova Travelers are set to hit the open road this 4th of July. It's expected to be a strong travel stretch, building upon bullish auto sales trends so far this year. According to WardsAuto, May US light vehicle sales increased by 0.8% year-over-year (adjusted for selling days). That resulted in a seasonally adjusted annualized rate of 15.9 million vehicles, above estimates, according to BofA. Amid challenges in the EV market, traditional ICE autos and hybrid vehicles are seeing healthy demand despi ...