Ford (F) Can Have A "Ramp," Says Jim Cramer

We recently published Jim Cramer’s 12 Fresh Stocks & Quantum Computing Trading Strategy. Ford Motor Company (NYSE:F) is one of the stocks Jim Cramer recently discussed.

Ford Motor Company (NYSE:F)’s shares closed 15.9% higher last week and gained on Friday after the firm reported its third-quarter financial results. For its third quarter, the firm reported $0.45 in EPS and $47 billion in automotive revenue, both of which beat analyst estimates. In the reshaped electric vehicle environment during the Trump administration, Cramer has commented previously that Ford Motor Company (NYSE:F) can benefit due to its focus on hybrid vehicles. Ahead of the earnings, he discussed a fire at an aluminum plant that supplies the firm and wondered whether its impact on the results could drive down the shares. Ford Motor Company (NYSE:F) lowered its guidance due to the fire, and here is what Cramer said about the firm:

“[On strong share price performance] Well actually Ford, to be fair, they have a reason not to do a lot of EVs. And they make Ford trucks. Best selling. They, much better than people thought. I think that Ford can actually have a ramp here. I really do. GM’s good numbers.”

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