Fast Money Traders Discuss Ford After A Big Sell Off

Speaking on CNBC's Fast Money, Pete Najarian said that the bad news in Ford Motor Company F is now priced in. He believes that the F-150 will be a very interesting release and he emphasized that the company still has a great cash flow. Josh Brown said that the stock is dirt cheap, trading at 7.75 times next year's earnings, but it is also dead money because it is going to be ignored by the Wall Street. He believes that $14.30 is a very important support and if Ford Motor Company fails to hold above that price level it could go to $12. Brown added that there is no reason to rush in this name. Stephanie Link explained that Ford Motor Company won't have the F-150 in sales until the next year, which increases costs. She likes better General Motors Company GM because its new car is ready for sales and it trades at lower P/E. If she had to buy a stock in the space she would go with the auto parts sector and Lear Corporation LEA looks like the best pick to her.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCMediaJosh BrownPete NajarianStephanie Link
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!