Why Investors Are Buzzing About Apple, Ford, Teva, Mylan, and Southwest Airlines This Morning

After seeing competitor General Motors Company (NYSE:GM) buy a stake in ride-sharing app Lyft and form an alliance with it, Ford Motor Company (NYSE:F) has also inched closer to being a mobility company by agreeing to buy Chariot, a San Francisco-based, crowd-sourced shuttle service. By buying Chariot, Ford hopes to expand its dynamic shuttle services globally, including to at least five additional markets in the next 18 months. Ford has a long-term goal of providing transportation solutions in addition to manufacturing vehicles. 31 funds that we track were long Ford Motor Company (NYSE:F) at the end of the second quarter, down by two funds from the end of the first quarter.

While Ford may have made some progress in mobility, Apple Inc. (NASDAQ:AAPL) may have taken a step back in terms of its ambitions for the sector. According to the New York Times, Apple has terminated parts of its self-driving car project and has laid off some of its employees that had been associated with it. Apple is now said to be focusing on “building out the underlying technology for an autonomous vehicle” rather than actually designing and producing a self-driving car. Whether the strategy shift is ultimately better for shareholders is an open question right now. 116 funds in our database were long Apple Inc. (NASDAQ:AAPL) at the end of the second quarter, down by 36 funds quarter-over-quarter.

Disclosure: None