You’d struggle to find a lot of companies that have stood the test of time like Ford Motor Company (NYSE: F) has. Founded in 1903, the Detroit carmaker continues to be an important part of the overall U.S. economy. And it sells one of the most popular vehicles around in the F-Series line of pickup trucks, which demonstrates strong buyer interest.
Shares are experiencing solid momentum recently. As of July 14, they’re up 18% this year. That gain is well ahead of the 6% rise for the S&P 500 index. Does this make the automotive stock a buy now?
Image source: Ford.