Ford's Investment Rating Downgraded

[EcoVert]

The stock market is driving everything if your company doesn't make X amount of profit then your stock is junk and they put you out of business.

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[bootlegger]

The stock market is driving everything if your company doesn't make X amount of profit then your stock is junk and they put you out of business.

Sort of. You can also hit your numbers, and be hurt by market news and predictions. I have a lot of Cummins stock, as an ex-employee. They were hit during the announcement of the Tesla class 8 trucks, as wall st felt this was a competitor to Cummins projects. Silly, since Cummins has been working on hybrid and electric trucks for quite some time, and are further along in development of a marketable version.

 

[Kevin08]

Nope. It isn't just Ford. As long as the tariffs are in place, the outlook isn't good for any of us in the auto industry.

But fearless leader said trade wars were good, and easy?

 

[nastang87xx]

TACO BELL!!!!

(Stop zee political talk or I'll pull the pin...trust me, you don't want that to happen. Be all sorts of oh-no zone happenin')

 

[MikeyV]

Correct me if I'm wrong, but there are no tariffs in place, as of now, right?

I'm sure they have to plan ahead, but..

 

[thehunterooo]

MAGA

 

[HISSMAN]

I'm buying at $7.25

 

[Silver Bullitt]

Sounds like too many people watching fake news.

 

[DarkestHour]

Let's not get too blatantly political. That usually leads to a big argument.

But yeah, our steel prices keep climbing, and our imports/exports are currently a mess. So much for that tax break giving us a boost...

Yeah man. The economy is in such bad shape right now. Are you nuts?

 

[nastang87xx]

Correct me if I'm wrong, but there are no tariffs in place, as of now, right?

I'm sure they have to plan ahead, but..

I believe this is correct but Trump just threatened China by Monday. That's why the market slipped just before the bell.

 

[sdiver68]

Ford woes aside, the economy and markets are doing fantastic by any objective measure. There are things that need to be fixed...such as China stealing $300-$600 billion per year in intellectual property and severe restrictions on US business there. Some individual winners and losers, gains and losses while the battle for the best possible trade deals are being waged.

 

[bootlegger]

Yeah man. The economy is in such bad shape right now. Are you nuts?

The economy is made up of hundreds of industries. The auto industry is a massive one, but not directly related trends in the overall economy. Most US auto companies have basically been stable since the post recession boom in 2011, while the overall economy has been growing since 2010. The only reason we aren't laying off right now, is partially due to lean practices put into place during the recession and due to some tax breaks by the latest tax plan. But management is already prepping for a long trade war. We aren't backfilling when people leave, and they reduced bonus/raise averages for 2018/2019. So no, I am nuts. I actually rely on this industry to feed my family. I don't give 2 dookies about partisan politics.

 

[bootlegger]

Correct me if I'm wrong, but there are no tariffs in place, as of now, right?

I'm sure they have to plan ahead, but..

I believe this is correct but Trump just threatened China by Monday. That's why the market slipped just before the bell.

Tariffs on steel and aluminum started on June 1st. It wasn't just a threat. Retaliatory tariffs by Canada, EU, and China started shortly after (July). Companies like mine get double screwed through all of this. Not only do we have increased material costs now, thanks to the increased price of steel overall, we also get nailed by the tariffs when bringing in specific components needed to complete assembly of our parts. If you think is just hurting the bonuses of wealthy CEOs, you would be wrong. The price increases will be passed along to the consumer. Many auto manufacturers have already stated they would be increasing the prices of their vehicles to make up for all this. Ford, GM, BMW, Volvo, Toyota, etc... have all warned against these tariffs.
Screwing an industry that employs over 2 million to artificially boost an industry that employs 90k isn't just crony capitalism, it is illogical.

 

[SVTSNAKE355]

But but but Trump is making America great again!!!

He is don't you see jobs that are out there now. He has done more in his time in office than Obama did in 8 years.

 

[bootlegger]

He is don't you see jobs that are out there now. He has done more in his time in office than Obama did in 8 years.

As I warned the other guys, let's not start down this road.

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