Here are three key updates for your portfolio: Ford Motors, Tegna Inc. and Idexx Laboratories Inc.

Article Excerpt

FORD MOTOR CO. $5.95 is a hold. The automaker (New York symbol F; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 3.9 billion; Market cap: $23.2 billion; Price-to-sales ratio: 0.2; Dividend suspended in March 2020; TSINetwork Rating: Extra Risk; shut down its U.S. assembly plants for two months due to COVID-19; it now plans to return to pre-pandemic production levels in early July. Ford is also pushing ahead with its plan to make more electric-powered vehicles. As part of that strategy, it has formed an alliance with German automaker Volkswagen to build new electric vehicles for Europe starting in 2023. Those vans and trucks will use Volkswagen’s electric drive technology and Ford’s truck platforms. The partnership will let both automakers cut their costs and bring new electric vehicles to market faster. However, fears of a second wave of coronavirus outbreaks will likely hold back Ford’s shares, at least in the short term. Ford is still a hold. TEGNA INC. $11 is still a buy for…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.