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With the 4th of July at hand Fast Money’s here to make sure you play it safe. But that bottle rocket isn’t the only way you can get burned trying to be patriotic.
Nope, that’s nothing compared to investing in the auto industry.
With GM pleading its case in bankruptcy court, and Chrysler emerging from it, things couldn’t look much worse. But one maker took destiny into its own hands, and now stands alone.
Of course we’re talking – Ford.
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By refusing government funding, Chief Alan Mullaly was able to control costs and introduce exciting new models without the hassle of a nagging Congress in the back seat.
“They just surpassed Toyota as the number 2 car market in the nation,” reminds Pete Najarian.
And when you combine that tidbit with Ford’s gains in market share and surge in stock price (Ford is up over 150% in 2009), you get a company that could be poised to profit.
Considering all that’s going on in the auto space, that’s no small accomplishment. In fact we think Henry Ford himself would be proud of his namesake’s high-revving turnaround.
“I think the stock goes to $7 if not higher,” speculates Guy Adami.
- Web Extra: The Final Trade
- Buying Fear: How to Own Volatility
- Burned by A&F, Alcoa & More
- Chartology – The Stocks/Jobs Disconnect
- The Latest Picks That Paid — Friday, November 6
- Pops & Drops: Burlington Northern, Starbucks, Kraft...
- Time to Trade on Unemployment
- BEHIND THE MONEY: Don't be Fooled, Jobs Matter to Stocks
- Halftime Report: Wal-Mart Poised for Breakout
- Your First Move For Friday November 6th
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Trader disclosure: On July 2nd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Seymour Owns (AA), (AAPL), (BAC), (BX), (EEM), (FCX), (FXI), (FITB); Seymour's Firm Owns (NOK); Seymour's Firm Is Short (PBR); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (XBI), (ABT), (MSFT), (UUP), (RIMM); Najarian Owns (F) Call Spread; Najarian Owns (GS) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (V) & Short (V) Calls; Najarian Owns (PALM) call Spread; Najarian Owns (YHOO) Call Spread; Najarian Owns (WNR) & Short (WNR) Calls
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