Ford stock is just below a 12.14 buy point after clearing a three-weeks-tight pattern. It also came close to forming a flat base, but cleared the potential buy point of 12.25 too soon. Shares fell back late last week to 11.70 amid the broader market sell-off. Earnings are improving, but are lagging its price performance. This is reflected in its EPS Rating of 75. Ford stock has been bolstered by the firm taking a more aggressive stance on investments in electric vehicles and other technology. Spending in electric and autonomous vehicles will total $29 billion through 2025, more than double prior guidance of $11.5 billion. Of the $29 billion, Ford will spend $22 billion on EVs and $7 billion on autonomy. The bigger amount even outpaces the $27 billion commitment from rival GM, which had already hiked it from $20 billion. Ford announced the immediate launch of the Mustang Mach-E electric crossover in Europe amid plans to go "all-in" on electric vehicles there. The new Mustang competes with Tesla's Model Y. It is also an investor in electric truck maker Rivian, whose shares could go public as soon as September and set a record for the biggest EV IPO. Ford stock in February after it announced a six-year partnership with Google parent Alphabet (GOOGL) to develop more connected vehicles. The partnership will put Google apps and services into future Ford and Lincoln vehicles. Track the performance of the stock here: Zyne - Growth from information (zyne(dot)com/stock/F)
