Ford Generating Some Buzz

 
It seems like everyone from Fast Money guys Pete Najarian and Guy Adami to Mad Money man Jim Cramer have been singing the praises of Ford lately, with many adding particular praise for Ford’s chief executive, Alan Mulally.
 
The buzz seems to be that Mulally has a good grasp on what’s going on in the oil market, and these “stocktalkers” have confidence that Mulally will give consumers the type of vehicles they’ll be looking for.
 
Add to the mix an AP story indicating billionaire Kirk Kerkorian’s Tracinda Corp. recently showed strong faith in the automaker by snapping up a 4.7 stake, plus indicated a hope to raise their ante to a 5.6 stake — and one has to think it’s time to give the old Ford a good look.
 
The stock closed today up 24 cents at $8.20, and the chart indicates the stock was trading below $6.00 in mid-March, and has been treading fairly consistently upwards since.
 
On the flip side, one has to ask if the economy doesn’t start rebounding soon — will the consumers choose to hold on to their old jalopies a little bit longer….
 
Disclaimer: As with all stock opinions expressed in this forum, they are solely my personal opinion — and I do not profess to be an expert. Do your own due diligence and seek guidance of a professional before buying or selling any stocks mentioned in this forum. And remember — we’re in a very volatile market right now.
 
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