Ford Motor Company (F): “People Want To See Earnings” Not Announcements, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Asserted He Could Beat The Government’s Numbers. Ford Motor Company (NYSE:F) is one of the stocks Jim Cramer recently discussed.

Ford Motor Company (NYSE:F)’s shares have gained 18.6% year-to-date to significantly outpace the gains of its peer and rival, General Motors. The firm has benefited from investor attention due to its manufacturing base in the US, while General Motors has suffered due to its reliance on the Mexican supply chain. Ford Motor Company (NYSE:F) recently announced that it would invest $2 billion in the US and launch new EVs. However, the shares are up by a measly 2.7% since then. Cramer commented on why Ford Motor Company (NYSE:F)’s shares didn’t rise:

“People want to see earnings. That’s the [inaudible] they want to see earnings, they want to see a decline in warranties and that would matter.

“If it were as big, as Jim said, I think somehow Ford stock would have moved.”

Here are his previous thoughts about Ford Motor Company (NYSE:F):

“And yet Ford stock is going from 10 to 11 in a quarter. What that says to me is that what we’re reading is not right. That stock does not easily go up. A 10% move in that stock is like, that’s glacial. . .I just think that Ford’s going to get a break here.

Ford Motor Company (F): "People Want To See Earnings" Not Announcements, Says Jim Cramer

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“I just think that Ford has the most made in America. Of these manufacturers. So that’s why I think that Ford’s up actually. Somehow I think they feel that they could get some relief. Because they are the largest makers of autos in this country. So why are they the most hurt? It is a little counterintuitive. And I think that their case will not be special pleading. I think it will be something the President will endorse. Not that, I wasn’t in the White House, but I think Jim Farley has a very good case that he should not have to bear the brunt because he makes the most in this country.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.