5 Best High Volume Stocks to Buy Now

4. Ford Motor Company (NYSE: F)

Number of Hedge Fund Holders: 49
Volume: 110 million 

Ford Motor Company (NYSE: F) stock has offered investors returns exceeding 117% over the course of the past twelve months. It is placed fourth on our list of 15 best high volume stocks to buy now. The firm makes and sells automotives and is based in Michigan. On July 28, the firm posted earnings for the second quarter, reporting earnings per share of $0.13, beating market estimates by $0.09. The revenue over the period was more than $24 billion, up 45% year-on-year and beating estimates by $1.2 billion. 

On June 29, investment advisory UBS kept a Neutral rating on Ford Motor Company (NYSE: F) stock but raised the price target to $16 from $13, citing the foray of the firm into the EV sector and growing EV sales across the country. 

At the end of the first quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $2.1 billion in Ford Motor Company (NYSE: F), up from 41 in the preceding quarter worth $1.6 billion.

In its Q1 2020 investor letter, Greenlight Capital Fund, an asset management firm, highlighted a few stocks and Ford Motor Company (NYSE: F) was one of them. Here is what the fund said:

“General Motors (GM) was a disappointment. The damage from last year’s strike consumed most of the cash flow GM would have otherwise generated in 2019. We had expected a strong bounce back in earnings and cash flow in 2020, but the annual guidance, while meeting Wall Street expectations, was worse than we expected. Further, the cash burned during the strike needed to be re-earned in order to protect GM’s investment grade rating. Pre-crisis, there would have been, at best, a minimal share repurchase late in the year. At the analyst day, our hopes that 2020 would finally be the year were dashed. We sold our stock. Over our five-year holding period, we made a 9.6% IRR on GM. In the difficult environment, its most comparable peer, Ford, lost about half its value.”