NEW YORK (TheStreet) -- Nothing like American muscle. Shares of Ford, (F), climbed Tuesday after the company announced its best March sales in eight years and upgrades to its signature muscle car, the Mustang.
Ford $F March US sales up 3.3% vs. Est. up 1.1%- FinancialJuice (@FinancialJuice) Apr. 1 at 09:31 AM
The ticker was among the most discussed on StockTwits.com. Investors had driven up shares 3% by 11:30 a.m. The stock had steadily gained for the past three trading days ahead of the positive sales report.
$F popping nice ride up... has to hold.- NC (@RaginBull) Apr. 1 at 09:48 AM
Ford said it sold 244,167 vehicles in March. That number was up 3% from the same period last year. Its retail sales also rose 3% to 166,030, making it the best March since 2006. The company attributed the sales growth to record sales of its Ford Fusion, which also has a hybrid electric model, and increased demand for its Ford F-Series and Lincoln MKZ.
Yesterday, Ford also announced new features for to its upcoming Mustang convertible, which will begin production in 2015. The car will have an improved suspension system, more backseat and trunk space, and a faster retracting top, among other things. Some investors believe the good news for Ford investors will continue. They see bullish signs in the company's chart and argue that recent sales growth, and corresponding stock gains, give fuel to positive momentum. Sentiment on Ford is 95% bullish, according to StockTwits analytics.