Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

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25. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders In Q3 2024: 36

Ford Motor Company (NYSE:F) is a well-known American and global car company. With high rates impacting car loans, the firm’s shares have struggled along with its industry peers. However, while GM’s stock is up 41.63% over the past twelve months, Ford Motor Company (NYSE:F)’s shares have lost 18.5% over the same time period. This has primarily been due to quality control problems with its car models from 2016 and 2021 which have led the firm to book high warranty costs and hurt its bottom line. Cramer mentioned these problems as he stated:

“Thank heavens because those stocks have been in a bear market of outrageous proportions. Ford can’t get out of its own way. Now a lot of that is people worried about warranties. They gave you a lot of longer term warranties. And the cost of fixing a car now versus five years ago is probably something in, the CPI would tell you it’s up the most of anything, including insurance. It’s the cost of fixing a car that is dramatically higher.”

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