5 Stocks In Trouble as Americans Cut Back on Spending

4. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 46

Ford Motor Company (NYSE:F) is an American multinational automaker that manufactures and sells automobiles, luxury vehicles, commercial vehicles, automotive parts, pickup trucks, and SUVs. On June 1, Goldman Sachs analyst Mark Delaney slashed the price target on Ford Motor Company (NYSE:F) to $14 from $18 and kept a Neutral rating on the shares. In the U.S. autos and industrial technology sector, he broadly lowered estimates and price targets to better reflect ongoing supply chain constraints in the near-term and weaker demand in the intermediate-term, the analyst told investors. He reduced his sales projections with his U.S. SAAR forecasts for 2022 and 2023 now at 14.5 million and 15.75 million units, respectively.

D E Shaw is the largest position holder in Ford Motor Company (NYSE:F), with 31.2 million shares worth $528.3 million. Overall, 46 hedge funds were bullish on the stock at the end of Q1 2022, down from 53 funds in the preceding quarter. 

Here is what Baron Fund has to say about Ford Motor Company (NYSE:F) in its Q1 2022 investor letter:

“Ford (NYSE:F) is another example of typical industrial manufacturing business executive mindsets. The April 18, 2022, Bloomberg Businessweek cover story features Ford CEO Jim Farley behind the wheel of an electrified Ford F-150 Lightning. The article is titled, “Hey Elon, THIS is a truck.” I thought the article was terrific. One idea especially stood out to me. Since the F-150 is such a popular vehicle, it “argued for a gradual approach to electrification. Essentially the company retrofitted an existing F-150 with an electric powertrain rather than develop an entirely new truck.” No all-in financial and operation bet by this company on electrification.”