Why Ford (F) Stock Is Up Today

NEW YORK (TheStreet) -- Ford  (F) rose Wednesday after the U.S. automaker announced a 6.6% year-over-year increase in auto sales in Europe in June.

The rise surpassed industry growth of 6.3%. For the first six months of 2014, Ford's market share in 20 European nations was approximately 8%.

The U.S. automaker is trying to return to profitability in Europe and maintained its schedule to do so by the end of 2015. Auto sales in Europe have risen in 2014 after they hit a 20-year low in 2013. Ford has stated it expects a narrower loss in Europe this year. The company's pretax operating loss in Europe narrowed to $194 million in the first quarter from a loss of $425 million in the same period last year.

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The stock was up 1.43% to $17.35 at 11:13 a.m.

Separately, TheStreet Ratings team rates FORD MOTOR CO as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate FORD MOTOR CO (F) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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