Fast Money Traders Discuss Ford After A Big Sell Off


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Speaking on CNBC's Fast Money, Pete Najarian said that the bad news in Ford Motor Company (NYSE: F) is now priced in. He believes that the F-150 will be a very interesting release and he emphasized that the company still has a great cash flow. Josh Brown said that the stock is dirt cheap, trading at 7.75 times next year's earnings, but it is also dead money because it is going to be ignored by the Wall Street. He believes that $14.30 is a very important support and if Ford Motor Company fails to hold above that price level it could go to $12. Brown added that there is no reason to rush in this name. Stephanie Link explained that Ford Motor Company won't have the F-150 in sales until the next year, which increases costs. She likes better General Motors Company (NYSE: GM) because its new car is ready for sales and it trades at lower P/E. If she had to buy a stock in the space she would go with the auto parts sector and Lear Corporation (NYSE: LEA) looks like the best pick to her.

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.


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Posted In: CNBCMediaJosh BrownPete NajarianStephanie Link