Ford (F)'s Latest Announcement Was "Very Positive," Says Jim Cramer

We recently published 12 Stocks on Jim Cramer’s Radar.  Ford Motor Company (NYSE:F) is one of the stocks on Jim Cramer's radar.

Ford Motor Company (NYSE:F)’s shares are up by 37.9% year-to-date. The firm made an important announcement on Monday when it revealed that it would take $19.5 billion write-down, which includes an $8.5 billion write-down for its EV business. Ford Motor Company (NYSE:F)’s latest announcement came amidst new policies that reduce federal support for electric vehicles. As part of the development, the firm will replace the full-electric model of the F-150 with a model that uses an internal combustion engine to power the battery. Ford Motor Company (NYSE:F) also raised its operating profit guidance to $7 billion from an earlier range of $6 to $6.5 billion.

Before the announcement, Morgan Stanley had set an Equalweight rating and a $14 share price target for Ford Motor Company (NYSE:F)’s shares. Morgan Stanley commented that 2026 could be a tough year for electric vehicles, with some positivity expected in the hybrid segment. Cramer’s previous comments about Ford Motor Company (NYSE:F) have praised the firm’s hybrid business, and in this appearance, he discussed the latest announcement:

“Look, hybrid, he knew the hybrid was good, Jim Farley. This was very positive move, I know that the charge is really only a five billion, cash. But this is a clarion call to buy the stock.”

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