The automotive industry has shown remarkable resilience in recent turbulent times. The Covid-19 pandemic has stressed automotive manufacturing processes more than ever, thanks to export disruptions for needed parts and worldwide manufacturing shutdowns. One of the stocks that managed to handle these challenges well is Ford (NYSE:F).
The U.S.-based automotive company turned in an incredible performance in 2021 and its stock price more than doubled, finishing the year at $20.77 per share. This rally continued in the first two weeks of 2022, as the F stock market capitalization advanced another 24.5%. The share price reached a 10-year high of $25.87 per share.
But can F stock continue this trajectory?
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