This story originally appeared on Zacks
Ford Motor Company F designs, manufactures, markets and services Lincoln cars, trucks, sport utility vehicles, electrified vehicles and luxury vehicles. A strong vehicle mix supported by F-series trucks and SUV models is expected to bolster Ford’s revenue. The company’s aggressive electrification push, with planned spending of around $30 billion by 2025 and a goal of 40% of its global vehicle volume becoming all-electric by the end of the decade, bodes well. While the Mustang Mach-E has already become a hit with consumers, upcoming launches like the F-150 Electric, Maverick Hybrid Pickup and E-Transit should continue to energize the company’s product lineup. . The raising of the forecasts for the year 2021 and the restoration of the dividends arouse optimism. Ford’s commitment to autonomous vehicle (AV) development is also commendable. The collaboration with Google to strengthen the development and delivery of connected vehicles also bodes well. As such, the stock warrants a bullish stance at this time. Additionally, Ford Motor Company will be looking to show strength ahead of its next earnings release.
ExxonMobil XOM is an integrated energy company. Its status as a leader in the energy space, its optimal integrated capital structure that has historically produced industry-leading returns, and management’s track record of investment discipline throughout the Commodity prices make it a relatively low-risk energy sector. Recently, the energy giant made two new oil discoveries in the Stabroek block, which will add to its 10 billion barrels of oil equivalent of recoverable resources from the block. The company also has a strong presence in the prolific Permian Basin, where it continues to reduce its fracking and drilling costs. To capitalize on the growing demand for clean energy, ExxonMobil is working to create more efficient fuels while reducing emissions. The integrated energy company has significantly lower debt exposure than other integrated majors. ExxonMobil now expects higher sequential earnings from its upstream operations in the recently concluded December quarter. Additionally, it increased its fourth quarter 2021 dividend to 88 cents per share. Therefore, ExxonMobil is considered a favorite energy company to own now.
The infrastructure stock boom will sweep America
A massive push to rebuild America’s crumbling infrastructure will soon be underway. It is bipartisan, urgent and inevitable. Billions will be spent. Fortunes will be made.
The only question is “Are you going to get into good stocks early when their growth potential is greatest?”
Zacks released a special report to help you do just that, and today it’s free. Discover 7 special companies looking to make the most of building and repairing roads, bridges and buildings, as well as transporting goods and transforming energy on a scale almost unimaginable.
Download FREE: How to Leverage Trillions of Dollars in Infrastructure Spending >>
Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report
Ford Motor Company (F): Free Inventory Analysis Report
Exxon Mobil Corporation (XOM): Free Stock Analysis Report
To read this article on Zacks.com, click here.
Zacks Investment Research