5 Best Robinhood Stocks Under $20

1. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 47

Ford Motor Company (NYSE:F) is a Dearborn, Michigan-based automobile company.

The company is making a foray into the hybrid and electric vehicle (EV) segment and trying to diversify its portfolio from conventional fuel-powered engine vehicles. Ford Motor Company (NYSE:F) saw its EV sales increase by 120% YoY in October. The company is on track to manufacture 600,000 EVs in 2023 and will take this number to two million by 2026. Ford Motor Company (NYSE:F) intends to ramp up its investment in the EV segment to $50 billion by 2026. Interestingly, the company produced only 60,000 EVs in 2021.

Ford Motor Company (NYSE:F) is also trying to make significant headway in the Mexican market after opening its $260 million global technology and business center in Naucalpan in late October. The facility is expected to house 9,000 employees in a hybrid format.

Here’s what Leaven Partners said about Ford Motor Company (NYSE:F) in its Q3 2022 investor letter:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Ford (NYSE:F), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6%^[2] from 7.2% in early August and slashing full-year profit growth to 4.5%.”

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