Prop Desk: Ford’s Forecast
Investors are buzzing about Ford after CEO Alan Mulally suggested that things are looking up for the automaker.
As Ford unveiled The Figo, a car aimed at the market in India and Asia, Mulally also revealed some interesting insights into the company's future sales.
He said Ford expects sales to grow to about 12.5 million in 2010. And that Ford expects to be profitable in 2011.
According to published reports, Mulally's upbeat comments inspired some bullish speculation in the options pits.
As Ford gets business back into gear, what’s the trade?
With Ford CEO Alan Mulally predicting a rise in sales over next 2 years and a strong presence in Asia, the Ambassador thinks this stock is worth watching. “I’d put fresh capital to work in this stock today,” says Seymour.
"I'm a buyer too," adds Joe Terranova.
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Trader disclosure: On Sept. 23rd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Owns (F); Terranova Owns (F) Calls And (F) Puts; Terranova Works For (VRTS); Najarian Owns (ACI) Call Spread; Najarian Owns (C) Calls; Najarian Owns (DELL) Call Spread; Najarian Owns (ERTS) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (JPM) And Is Short (JPM) Calls; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (PALM) Calls; Najarian Owns (ORCL); Najarian Owns (TEVA); Najarian Owns (V) And (V) Calls; Najarian Owns (WFC) Put Spread; Najarian Owns (YHOO) Call Spread; Finerman's Firm Owns (MSFT), (NOK), (PBR), (WMT), (RIG), (TGT), (BDX); Finerman's Firm Owns (BAC) Preferred Shares, Finerman Owns (BAC) Preferred Shares And Owns (BAC); Finerman Owns (RIG); Finerman's Firm Owns (WFC) Preferred Shares And Is Short (WFC); Finerman Owns (WFC) Preferred Shares; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Seymour Owns (AAPL), (BAC), (RIG), (SBUX), (FXI), (F), (TTM)
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