Ford (NYSE:F) delivered respectable first-quarter results that missed Wall Street’s top line expectations and beat bottom-line forecasts. The automaker also kept its full-year guidance in place, leaving the market holding its breath about where Ford stock heads next.
While Ford needs to put a smiley face on its EV efforts to satisfy regulators, it also puts more resources into gasoline-powered engines. That bodes well for Ford stock as consumers want the reliability the internal combustion engine brings. They are also more profitable vehicles, which will hasten Ford’s ongoing turnaround.
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