Ford Up on Good Sales News

Good news for Ford ($F) today:

This morning, a few marginally positive words from a top executive, along with the broader rally in the stock market, are driving Ford’s shares 4% higher. General Motors, Toyota and Honda are all up about 1%.

Earlier today, Mark Fields, Ford’s head of North and South America operations, said June was “off to a good start,” according to Reuters. He thinks this month will meet May’s weak sales figures or perhaps top them.

Given all the Slow Patch chatter, Mr. Fields comments might give the economic doomsters some pause. The move in Ford’s shares also underscores how negative sentiment has become. Merely saying that things will be slightly better than horrible seems to spark intense buying pressure.

Posted by on June 21st, 2011 at 12:06 pm


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