This is good news from Ford Motor Company. They are doing well because of the "Bubble-Up" policy of the Democrats that provided income to households throughout the USA with the realization COVID-19 was causing hardship in the country.
The financial markets have an option to protect their investments by taking an interest in companies finding their way through this paradigm shift due to a very deadly virus.
October 28, 2020
Ford’s Strong Q3 Driven by Higher Demand, OperatingExecution,
With Game-Changing Vehicle Launches Startingin Fourth Quarter
Reports $2.4 billion in net income (click here) and 6.4% net income margin, on revenue of $37.5 billion
Achieves adjusted EBIT of $3.6 billion and adjusted EBIT margin of 9.7%, led by
North America at 12.5%
Generates $11.1 billion in company operating cash flow – $6.3 billion of adjusted FCF –
ending Q3 with nearly $30 billion in cash and more than $45 billion in liquidity
Readies for fourth-quarter launches of three anticipated, all-new vehicles: 2021 F-150, allelectric Mustang Mach-E, and Bronco Sport – first of new Bronco family of products
Expects positive full-year 2020 adjusted EBIT, including fourth-quarter adjusted EBIT
between break-even and a $500 million loss...
The financial markets are so hooked on money highs they have forgotten what it is like to actually have sparse income AND SURVIVE!
By Matthew Fox
US stocks cratered on Wednesday (click here) as a spike in COVID-19 cases prompted new lockdowns in Europe.
The Dow Jones industrial average's 3.4% decline marked its worst single-day drop since June 11, while the S&P 500's 1.9% drop was its largest since September 23.
German Chancellor Angela Merkel struck a deal for a "lockdown light," in which bars, restaurants, gyms, and movie theaters will close for at least a month starting this weekend while schools and nurseries remain open, Bloomberg reported.
French President Emmanuel Macron announced a new national lockdown to begin this Friday and last until December 1, though, like in Germany, schools will remain open, according to Bloomberg....
