Ford Stock Is a Reliable High-Yield Play (F)

Ford (F) is about as American as apple pie and hot dogs on the Fourth of July, but an expanding international presence could be one of the innovations that helps save Ford stock from what some see as a difficult road ahead for the automaker. There’s been a lot of talk about the demise of American car manufacturers and the automotive industry in general, as people turn to car-sharing and taxi-like services such as Uber.

Following are a few reasons I think Ford stock will stay the course and even make headway — despite some choppy waters: 1. Ford projects that in 10 years, 60% of its global sales will come from Asia Pacific, more specifically China, India and the ASEAN. 2. The Ford F-150 has been the best-selling truck in North America for the past four decades, and it has become an iconic part of the American workforce. 3. Ford’s profits for the current fiscal year are expected to jump 37% to $1.59 per share, followed by a smaller (but still robust) 18% gain to $1.88 in 2016. Ford has set its sights on the undeniable economic power of Asia Pacific, particularly China, which should help drive sales growth for years to come. Meanwhile, back at home, its F-150 is still the belle of the ball. And with all this potential, you still get a hefty quarterly dividend check.

Source: InvestorPlace

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