Here's My Top Value Stock to Buy Right Now
Value stocks are shares in companies trading at low multiples relative to their earnings or growth potential. Ford Motor (NYSE: F) fits into this category, especially as its electric-vehicle (EV) business gains steam. Let's explore the reasons why this legacy automaker could make an excellent long-term investment.
Ford has high hopes for the electric-vehicle opportunity in the U.S, which will help support long-term growth in its home market. Management expects industry-wide electrification rates of 33% and 70%, respectively, in the pickup and van markets by 2030. And the company plans to invest over $30 billion in the next several years to achieve a 40% global EV product mix by 2030.
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Source Fool.com
