Like FedEx, Ford surprised investors.

22 Septmber 2022

Images: Google

Images: Google

Ford, the world's largest automaker, claimed late Monday that the higher cost of parts would generate a profit of $1 billion. The firm attributed this to seller inflation.

Images: Google

Oddly, Ford reiterated its full-year operating profit projection from $11.5 billion to $12.5 billion in the face of significant warnings.

Images: Google

Tesla and General Motors shares also experienced declines in response to the news.

Images: Google

Wall Street's view is that Ford's warning is surprising given the generally positive comments on demand and a decline in second-quarter earnings at the end of July.

Images: Google

The market is currently racing to cut estimates of the company's earnings and value.

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According to Michaeli, Ford's stock is going to be in trouble soon.

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However, Michaeli believes that demand for Ford's automobiles has declined.

Images: Google

Ford's warning is aimed at General Motors.

Images: Google

Death Valley had a “desert tsunami” due to a Mexican earthquake.