Ford was the arguably the strongest stock in the market today as the automaker’s shares surged 11.76% to all-time highs. ๐ ๐
$F was high-flying after announcing plans to double production to 150K vehicles per year for its all-electric F-150 Lightning truck. The truck hasn’t even been delivered and it already has 200,000 reservations… โก
$F is up 17% YTD and we’re just two sessions into the year. Here’s the daily chart:
General Motorsย took off 12.13% to new highs alongside Ford. It’s a family affair. โค๏ธ
$GM advanced as the company increased the number of vehicles in transit to ~200,000 from 129,000 in October. GM’s CEO, Marry Barra, will also unveil the electric Silverado pickup tomorrow at the Consumer Electronics Show in Las Vegas. It’s anticipated that the truck will be available in early 2023. ๐