NEW YORK (TheStreet) -- CNBC contributors discussed Ford's (F) - Get Report weak 2016 second quarter earnings and what the numbers show about the overall economy on "Fast Money: Halftime Report" Thursday.
"Well judge I'm not a big fan," CNBC's Jon Najarian told station anchor Scott Wapner.
Although he likes Ford's products, he does not have confidence in any auto company "in this country," Najarian said.
This morning Ford reported second quarter adjusted earnings of 52 cents per share, lower than analysts' expectations of 60 cents a share. The auto maker reported that revenue fell by 9% year-over-year to $2 billion, attributed mainly to poor sales growth in China.
"Home building and autos are usually the two biggest in terms of the consumer recovery and the economy," CNBC's Stephen Weiss noted.
However, "this time is different," Weiss continued, pointing to low interest rates, "incredible financing opportunities" and "sub-prime lending."
"In my view, when you see all-time record sales figures as we saw up until this point, I don't think you should be surprised when that it's falling off a cliff," he stated.
Shares of Ford are tanking by 9.65% to $12.51 this afternoon.
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Separately, TheStreet Ratings rated Ford as "buy" with a score of B-.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth. TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
You can view the full analysis from the report here: F
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.