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On CNBC's "The Exchange," Jerry Castellini appeared to discuss his playbook moving forward. Castellini is the president and chief investment officer of Castleark and he was asked about Ford Motor Company (NYSE:F), which is up 38% this year.
"First of all, we think the S&P 500 is going to hit $4,500 in the next year," he said.
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"You could buy Tesla today," Castellini said, "but you could also buy Ford at a tenth of its valuation, even up 38%, and participate in the electric vehicle phenomenon. You acknowledge that you are not in the market leader, but Ford is as good of a play as anything in that space."
F Price Action: Ford's stock is up 175.45% over a one-year period. The stock lost 0.65% in Thursday's session, closing at $12.17.
Click here to check out Benzinga’s EV Hub for the latest electric vehicle news.
Image by Marcin Machalski from Pixabay.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.