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11/8/2010 3:33:35 PM
cerious22
Administrator
Posts: 8
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The auto maker is hitting fresh highs today on heavy trading volume. Last week, the company reported solid sales numbers along with other automakers. Simply put, we read this as part of the growing investor optimism about the state of the U.S. economy. As Morgan Stanley auto analyst - and vocal Ford Bull - Adam Jonas wrote earlier in one of his recent bullish calls on the shares, "Ford is a concentrated and highly levered bet on the recovery of U.S. light vehicle sales." He thinks the shares go to $23. (They're hovering around $16.40 Monday.)
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