Jim Cramer’s Top 10 Must-Watch Stocks Today

6. Ford Motor Company (NYSE:F)

Number of Hedge Fund Investors: 47

Jim Cramer acknowledges the frustration over Ford Motor Company (NYSE:F) not initiating a buyback program. He points out that due to the Ford Motor Company (NYSE:F) family’s unique stock ownership structure, the company might focus on regular and special dividends to return value to shareholders. Cramer reflects on his past advice, where he mentioned “getting paid to wait” and his long-term confidence in Ford Motor Company (NYSE:F) despite short-term challenges.

“Listen, I know you’re frustrated that Ford hasn’t started a buyback program, but I read that due to the Ford family’s unique stock ownership structure, the only way they might return value to shareholders is through regular and special dividends. This reminds me of a phrase you’ve used in the past: “getting paid to wait.”

Now, Ford has an excellent yield, but by closing your position in the travel trust and advising us to stay away, are you suggesting that your philosophy of “getting paid to wait” doesn’t apply this time? If so, do you no longer believe the company has a bright future?”

Ford Motor Company (NYSE:F) is a strong investment opportunity due to its focus on expanding its electric vehicle (EV) lineup, improving cost-efficiency, and delivering solid financial results in 2024. The company’s Ford+ strategy is designed to position Ford as a leader in the EV market by ramping up production and introducing new models to meet growing global demand.

In Q2 2024, Ford Motor Company (NYSE:F) achieved strong revenue and earnings, driven by its successful EV and hybrid vehicles. Ford Motor Company (NYSE:F) has also made notable improvements in vehicle quality and operational efficiency, which are expected to enhance profitability. Currently, Ford Motor Company (NYSE:F)’s stock is performing well, trading above key moving averages with positive technical indicators. Analysts are optimistic, with price targets suggesting a potential upside from current levels.