CFRA Research Senior Equity Analyst Garrett Nelson speaks with Yahoo Finance about how traditional automakers and new startups are vying for share in the global electric vehicle market.
The famed investor is bearish on stocks — except for this 1 key sector.
Let's explore why its industry-leading brands and dirt-cheap valuation make it a top stock to buy in December. Ford has turned this trend into an opportunity to reinvent itself, committing $30 billion to make 40% of its sales electric by the end of the decade. Well, unlike General Motors and Tesla, which are building a diverse lineup of EV models that includes sedans, Ford will focus on segments it already dominates, such as the F-150 truck, transit vans, and Mustang sports car (now adapted for a crossover SUV).