Nasdaq F Ford

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Some of the best-performing stocks of 2020 have been hit hard in recent months. Highfliers like Tesla, Peloton Interactive, Snowflake, and Zoom Video Communications have been causing investors nothing but pain. Cryptocurrencies have fared no better. The price of Bitcoin is down a

The electrification of the automotive industry has hit the fast lane, and for that we have Tesla (NASDAQ: TSLA) to thank.

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Volkswagen's Mexico unit expects adjustments from June for its three production segments due to an ongoing global semiconductor chip supply crunch, the German automaker said on Friday.

Wall Street closed mixed at the end of a volatile week of trading, with the Dow Jones Industrial Average being the only bright spot, as inflation concerns loom over growth names.

The NASDAQ 100 After Hours Indicator is down -2.24 to 13,409.5. The total After hours volume is currently 56,913,140 shares traded.The following are the most active stocks for the after hours session: Itau Unibanco Banco Holding SA (ITUB) is unchanged at $5.46, with 6,426,209 sh

Wall Street ended mixed on Friday, with inflation concerns looming at the end of a volatile week of trading.

The S&P 500 and the Dow Jones Industrial Average rose on Friday, extending a recovery from the previous session, while inflation concerns still loom for growth stocks at the end of a volatile week of trading.

What happened Shares of Ford Motor Company (NYSE: F) were moving higher on Friday on growing signs of high demand for and consumer excitement about the company's upcoming F-150 Lightning electric pickup truck.

The SPDR— Portfolio MSCI Global Stock Market ETF is seeing unusually high volume in afternoon trading Friday, with over 755,000 shares traded versus three month average volume of about 96,000. Shares of SPGM were down about 0.1% on the day.

The NASDAQ 100 Pre-Market Indicator is up 47.19 to 13,541.28. The total Pre-Market volume is currently 8,914,800 shares traded.The following are the most active stocks for the pre-market session: AngloGold Ashanti Limited (AU) is +0.17 at $25.73, with 3,309,517 shares traded. AU

South Korean President Moon Jae-in will on Friday become the second world, and Asian, leader welcomed by President Joe Biden at the White House, a sign of the importance Washington attaches to the region as it seeks to counter China's influence.

Ford (F) and SK Innovation are joining forces as they seek to scale up battery cell deliveries for electric vehicles. The two have signed a memorandum of understanding (MoU) to form BlueOvalSK, a joint venture tasked with developing battery cells and arrays in the U.S.

The two companies plan to produce about 60 GWh in traction battery cells and array modules annually as part of the strategic collaboration. They also plan to come up with battery cells that that can enhance performance.

"This MoU is just the start; it's a key part of our plan to vertically integrate key capabilities that will differentiate Ford far into the future," said Ford CEO, Jim Farley. "We will not cede our future to anyone else.”

The joint venture's next-generation battery cells and arrays will be used to power several ford electric vehicles. According to SK Innovation CEO Kim Jun, the joint venture will play a pivotal role in fuelling the development of electric cars in the U.S.

By 2030, Ford has set out to produce at least 240 Gigawatt hours of battery cell capacity. While 140GWh will be dedicated to the North American market, the remaining is for China and Europe, and other regions.

The automaker is looking to play a pivotal role in the electric vehicle revolution. It plans to invest at least $22 billion through 2025 to deliver all-electric cars. (See Ford stock analysis on TipRanks)

Tudor Pickering analyst Jeoffrey Lambujon has reiterated a Buy rating on the stock buoyed by Ford’s turnaround story.

“As evidenced by significant improvements to EBIT margins in Q1’21, the global redesign initiatives that were announced in 2017 have been working. While this year will be negatively impacted by both commodity headwinds and the global semiconductor shortage, we are above consensus on FY’22,” said Lambujon.

The analyst has a $17 price target on the stock, implying 36.11% upside potential to current levels.

Consensus among analysts on Wall Street is a Moderate Buy based on 8 Buy, 6 Hold, and 1 Sell ratings. The average analyst price target of $13.83 implies 10.73% upside potential to current levels.

Ford scores a 9 out of 10 on TipRanks’ Smart Score rating system, implying that the stock is likely to outperform market expectations.

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China's Huawei Technologies is expanding its smart car partnership with state-owned Chongqing Changan Automobile Co Ltd to include the design and development of auto-use semiconductors, four sources with knowledge of the matter said.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Friday that it has increased its 2021 output for a key component for automotive semiconductors by 60% compared with last year, amid a global chip shortage.

South Korean President Moon Jae-in on Friday will become the second world leader welcomed by President Joe Biden at the White House, and the second from Asia, a sign of the importance Washington attaches to the region as it seeks to counter China's influence.

U.S. Commerce Secretary Gina Raimondo said Thursday she held meetings with three dozen senior industry leaders on a semiconductor chip shortage and said the United States could help boost transparency in the market.

What happenedFord Motor Company (NYSE: F) stock enjoyed a modest tailwind Thursday, closing the day up 3.1% after announcing that its new electric F-150 Lightning pickup truck will go on sale next year for the low, low price of $39,974. That's just $74 more than Tesla (NASDAQ: TS

South Korean President Moon Jae-in has been hoping to use his first summit with U.S. President Joe Biden this week to press a legacy policy of engaging North Korea, but Washington has played down the prospect of any quick impetus on the issue.