Jim Cramer Is a Fan of Ford Shares Despite BofA Downgrade
Jim Cramer says Ford finally has its day in the sun and does not agree with a downgrade from Bank of America.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says Ford (F) - Get Report finally had its day in the sun after reporting record earnings on Thursday. On Friday, Bank of America (BAC) - Get Report downgraded the stock but Cramer says people downgrading or selling the stock are missing an opportunity. Ford stock is cheap and with the yen soaring Ford is now in a position to take back market share from competitors like Honda, Toyota and Nissan.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
