5 Best Bargain Stocks To Buy Right Now

In this article, we shall discuss the 5 best bargain stocks to buy right now. To read our detailed analysis of the global economic outlook in 2022, go directly and see 10 Best Bargain Stocks To Buy Right Now.

5. Ford Motors Co. (NYSE:F)

Number of Hedge Fund Holdings: 46

YTD Decline (As of October 29): 39.09%

Based in Dearborn, Michigan, Ford Motors (NYSE:F) is an American multinational automobile manufacturer which specializes in the production and sale of automobiles, commercial vehicles, and luxury cars. On October 26, the company posted Q3 2022 earnings, generating a total revenue of $39.4 billion, beating consensus $36.25 billion. Ford Motors (NYSE:F) beat EPS estimates of $0.27 by $0.03, posting earnings of $0.30 per share in Q3 2022.

On October 5, Morgan Stanley analyst Adam Jonas upgraded the rating on Ford Motors (NYSE:F) to Overweight from Equal Weight, citing the company’s creation of Ford Blue and Ford Model E, which have the potential to better align the growth and capex needs of the EV business with a more favorable cost of capital, which is likely to profit the company through to 2027.

Here is what Leaven Partners had to say about Ford Motors (NYSE:F) in their Q3 2022 investor letter:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Ford (NYSE:F), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6%^[2] from 7.2% in early August and slashing full-year profit growth to 4.5%.”