Ford Stock Leaps 10% Higher After Earnings Beat

Investors are finally starting to believe in Ford Motor Company's (NYSE: F) turnaround plan. On Wednesday afternoon, the auto giant reported strong results for the third quarter of 2021, raised its full-year earnings guidance, and reinstated its dividend. Investors applauded, sending Ford stock up 10% in the final two days of the week.

The latest rally has lifted Ford stock to levels not seen since 2014. Nevertheless, the shares could continue to rise as Ford capitalizes on its recent restructuring moves and an improving supply of semiconductors over the next couple of years.

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Source Fool.com