Ford's stock has dropped 21% in 2024, and due to weak performance, it may not be a millionaire-maker

From Nasdaq: 2024-12-21 18:24:00

Ford (NYSE: F) shares are down 21% in 2024, a disappointing performance that may worry investors. The company has a weak track record and operates in a mature industry with limited growth potential. Ford’s operating margin has averaged 2% in the past decade, contributing to its lack of durable competitive advantages. The auto industry’s cyclical nature also adds to the stock’s poor performance. As a result, Ford may not be a millionaire-maker stock, despite its 6.2% dividend yield.

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Read more at Nasdaq: Is Ford a Millionaire-Maker? | Nasdaq