Quantcast

Goldman Says to Buy This Stock


Shutterstock photo
Goldman Says to Buy This Stock

(New York)

You might not think it is the right time for this stock, but Goldman Sachs says you should. The bank has just come out very positive on Ford. The automotive company has far outpaced the S&P 500 this year, but is still down 16% over the last 12 months. Goldman says that Wall Street is not appreciating how significant Ford's recent restructuring is, as they think it can unlock "billions in trapped value" by lowering costs in the trucks division.

FINSUM : Basically, Goldman says Ford is going to see a big and sustained pop in earnings that no one sees coming. It is a nice, simple thesis and we like it.

  • stocks
  • Ford
  • Goldman Sachs
  • GM
  • autos

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Stocks



More from FINSUM

Subscribe







Contributor:

FINSUM













Research Brokers before you trade

Want to trade FX?