NEW YORK (
TheStreet) -- The price of
(F) stock reached a five-year high Thursday after
Moody's Investors Service boosted Ford and Ford Motor Credit ratings. But can it keep up this momentum?
Many equity analysts think Ford still potential to do so, despite being up against the weakened, but still formidable rival Toyota (TM); yet offer some cautionary notes. Ford stock hit an intraday high of $14.15 a share Thursday, up 4.9%, and reaching levels not seen since January 2005.
"One of the reasons I liked Ford so much about a year ago was its new product lineup and that hasn't changed," Wall Street Strategies analyst David Silver says. (Both Silver and members of his family own Ford stock.)
"If anything," Silver continues, "the success of some of the new vehicles has surpassed even my expectations. Also, the auto market in North America continues to improve, and while there are going to be up and down months, it is better than last year. Stronger sales coupled with the improving cost structure bode extremely well for Ford in the coming quarters.... General Motors indicated it could earn a profit during 2010, and if that is true, then Ford will be even stronger."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV