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Down 20% in 2024, Is Ford Stock a Buy On This Dip?

TheMotleyFool

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Down 20% in 2024, Is Ford Stock a Buy On This Dip?: https://g.foolcdn.com/editorial/images/786129/ford-ohio-assembly-plant-car-truck-factory-worker-source-ford.jpg

Despite being a well-known American car maker, Ford (NYSE: F) is a huge disappointment for its investors. In the past five years, shares have produced a total return of just 30%. This gain seriously lags the almost 100% total return of the S&P 500.

This year has brought shareholders more pain, as Ford is down 20% in 2024 (as of Aug. 6). But maybe it's time to take a chance on the business.

Should you buy this auto stock on the dip?

Source Fool.com

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