5 Good Stocks to Buy Right Now

2. Ford Motor Company (NYSE: F)

Number of Hedge Fund Holders: 55

Michigan-based car manufacturer Ford Motor Company (NYSE: F) ranks 2nd on the list of 15 good stocks to buy right now. Ford Motor Company (NYSE: F) has recently unveiled several new vehicles, including the electric Mustang Mach-E crossover and a revised F-150, as well as two new Bronco models and a new small pickup called Maverick. 

In June 2021, Ford Motor Company (NYSE: F) bought California-based charging management and fleet-monitoring software vendor Electriphi as part of its $30 billion EV investment through 2025.

On July 16, BofA analyst John Murphy maintained a Buy rating on Ford Motor Company (NYSE: F) and increased its price target to $18 from $17. Shares of Ford Motor Company (NYSE: F) climbed 18% in the last three months.

The company has a market cap of $55 billion. In the second quarter of 2021, Ford Motor Company (NYSE: F) reported an EPS of $0.13, beating estimates by $0.10. The company’s revenue in the second quarter came in at $24.13 billion and beat revenue estimates by $1.13 billion. 

At the end of the second quarter of 2021, 55 hedge funds in the database of Insider Monkey held stakes worth $2.11 billion in Ford Motor Company (NYSE: F), up from 49 in the previous quarter worth $2.19 billion.