Jim Cramer Says "Ford Delivered Some Great Numbers"

Ford Motor Company (NYSE:F) is one of the stocks Jim Cramer recently provided insights on. Cramer highlighted the company’s recent performance in truck and SUV sales, as he commented:

“Management expects that the midpoint of its estimate a $1.75 billion hit to EBITDA, okay, from the Novelis fire from EBIT, not EBITDA, but it lowered its full-year adjusted EBIT outlook by just 750 million at the midpoint. So let’s think about this. Excluding the fire, Ford was actually taking up numbers. That was confusing initially, but wow… It also helped that Ford delivered some great numbers for the third quarter itself… Like GM, Ford saw some strong performance in trucks and SUVs. Its F-Series is on track to be America’s bestselling truck for 49 consecutive years. There’s a record for you…

Ford, at, north of 12 this year’s estimates, but only under 10 next year’s numbers. Both stocks look very cheap, and if the Fed keeps cutting interest rates, lowering the cost of auto loans, these stocks should keep running. I think Ford’s CEO, Jim Farley, is in the catbird seat. He’s taking down expectation big time. He’s got a really hot lineup where I expect maybe multiple upside suprises and now it matters that it’s a hot lineup even if they don’t have a solution in the Novelis fire problem yet. That said… if the labor market keeps deteriorating, well, that’s going to make it tough, obviously, and you still need to watch tariffs here too.”

Ford Motor Company (NYSE:F) sells Ford and Lincoln vehicles, including trucks, SUVs, cars, hybrids, and EVs. The company also provides parts, digital services, and financing solutions.

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