In this article we discuss the Top 5 Car Company Stocks to Invest In. If you want to read our detailed analysis of these companies, go directly to the Top 10 Car Company Stocks to Invest In.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the 5 best car company stocks to invest in:
5. Ford Motor Company (NYSE: F)
Number of Hedge Funds: 41
Value of Hedge Fund Holdings: $1.6 billion
In their 2021 outlook, John Lawler, Ford’s CFO, said that they project adjusted pretax profits to be between $8 billion-$9 billion, and adjusted free cash flow to be in between $3.5 billion-$4.5 billion. However, the current shortage of semiconductor chips is a threat incorporated in the company’s estimates. With a $47.1 billion market capitalization and a 35.72% return YTD, Ford Motor Company remains one of the top 10 car company stocks to invest in.
According to our database, the number of Ford Motor’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 41 hedge funds that hold a position in Ford by the end of December, compared to the 38 funds in the third quarter. The biggest stakeholder of the company is Arrowstreet Capital, with 49.6 million shares, worth $436 million.