Ford Earnings Don’t Lift Stock. Farley Has a Message on Musk’s Price Cuts.
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First-quarter results from Ford Motor blew away Wall Street’s expectations, but shares declined in after-market trading amid economic worries. Investors remain wary of highly cyclical auto stocks when many are predicting recession in the coming months. A similar thing happened to General Motors (GM) stock after it reported first-quarter numbers on April 25.
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