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.
"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.
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