Ford, Tesla Recall Thousands of Vehicles
Ford Motor Company (NYSE:F) and Tesla Inc (NASDAQ:TSLA) are drawing negative attention, as both companies recall thousands of vehicles. Ford called back 634,000 SUVs worldwide due to fire risks, while Tesla is recalling over 80,000 China-made cars for software and seat belt issues.
The spotlight has already been on Tesla in recent months, amid Elon Musk’s Twitter takeover, making it a tough time for increased negative sentiment, though Citigroup praised the stock earlier this week. TSLA is inching 0.5% higher at $184.13 at last glance, eyeing a third-straight day of gains since its annual low of $166.18.
Ford stock is seeing muted price action as well, up 0.2% at $14.06 at last glance. Options bears are eyeing the stock after the news, however, with 79,000 puts exchanged so far today, which is double the intraday average. The December 14 put is the most popular, with new positions opening at the weekly 12/2 14-strike put.
2022 is nearly in the books, and for many investors turning the page to a new year can’t come soon enough. Will 2023 be better for stocks? If history is a guide it will be.
In the 12 months following mid-term elections (the elections held in the middle of a president’s four-year term), stocks have performed well. This is typically because mid-term elections tend not to go well for the party that sits in the White House.
The reasons for that trend are not something that’s in our wheelhouse. We’re just looking at what it means for stocks. And what it suggests is that next year the markets could see a strong recovery…at some point. But as is frequently the case, you have to be in the right stocks.
That’s the focus of this special presentation. We’re taking a look at seven stocks that have a strong case to be made for growth in the coming year. And some of these stocks are offering a good entry point for investors right now.
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