Ford Motor Co. (NYSE:
F)
— Analysts expected the second largest U.S. automaker to increase
revenues this year chiefly from operations in the United States, China,
and most European countries. But due to weakness in the first half of
the year resulting from the return of competition from Japanese cars and
worsening European and South American markets, earnings for this year
are expected to fall to $1.23, down from $4.94 a year ago.
But a fresh lineup of cars and trucks for 2013, along with rising
global vehicle demand, are expected to result in earnings of $1.47 next
year. The mean price target of the 16 analysts that cover Ford is
$13.93.
Technically, the stock appears to be forming a bottom with a breakout
between $10.75 and $11. Supporting the positive opinion is a new buy
signal from the MACD indicator. Buy Ford at the market.
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