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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16648408" data-attributes="member: 137766"><p>Enough people need what Ford sells to pony up. There have still got to be a LOT of guys waiting on the sidelines for price and choice to improve.</p><p></p><p></p><p><a href="https://seekingalpha.com/news/3721627-ford-and-detroit-peers-rally-after-strong-quarter-improved-chip-outlook" target="_blank">Ford and Detroit peers rally after strong quarter, improved chip outlook</a></p><ul> <li data-xf-list-type="ul">Ford Motor Company (<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a> +5.2%) rallies after a strong quarter and boost to the automaker's 2021 outlook.</li> <li data-xf-list-type="ul">"On an operating basis, the beat this quarter was almost entirely driven by North America & Financial Services, both of which were a function of favorable market dynamics (tight inventories, elevated pricing, etc.), which was partially offset by some underperformance in Ford’s other segments," updates analyst John Murphy.</li> <li data-xf-list-type="ul">Beyond the Q2 results amid a tough and volatile macroeconomic backdrop, Murphy says the solid execution and performance in Ford's underlying business is enabling the company to pursue new model launches and vehicle electrification.</li> <li data-xf-list-type="ul">The strong quarter from Ford is helping to push General Motors (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> +3.8%) and Stellantis (<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a> +3.8%) higher as well. During the earnings call, Ford execs said the chip shortage situation is improving (<a href="https://seekingalpha.com/article/4442289-ford-motor-company-f-ceo-jim-farley-on-q2-2021-results-earnings-call-transcript" target="_blank">full earnings call transcript</a>).</li> <li data-xf-list-type="ul">Ford CEO Jim Farley: "In April, we said we'd expect to lose about 50% of our planned volume in the second quarter, which then implied a loss in adjusted EBIT. In fact, we did better than expected. We leveraged the strong demand to optimize our revenue and profits. We're seeing signs of improvement in the flow of chips now in the third quarter, but the situation remains fluid, especially due to the delay in ramp up of one of our key suppliers, Renesas, that Ford is uniquely exposed to in the first half. Overall, after effectively managing through the first half, we are now spring-loaded for growth in the second half and beyond because of those red-hot products, pent-up demand, and improving chip supply."</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16648408, member: 137766"] Enough people need what Ford sells to pony up. There have still got to be a LOT of guys waiting on the sidelines for price and choice to improve. [URL='https://seekingalpha.com/news/3721627-ford-and-detroit-peers-rally-after-strong-quarter-improved-chip-outlook']Ford and Detroit peers rally after strong quarter, improved chip outlook[/URL] [LIST] [*]Ford Motor Company ([URL='https://seekingalpha.com/symbol/F']F[/URL] +5.2%) rallies after a strong quarter and boost to the automaker's 2021 outlook. [*]"On an operating basis, the beat this quarter was almost entirely driven by North America & Financial Services, both of which were a function of favorable market dynamics (tight inventories, elevated pricing, etc.), which was partially offset by some underperformance in Ford’s other segments," updates analyst John Murphy. [*]Beyond the Q2 results amid a tough and volatile macroeconomic backdrop, Murphy says the solid execution and performance in Ford's underlying business is enabling the company to pursue new model launches and vehicle electrification. [*]The strong quarter from Ford is helping to push General Motors ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] +3.8%) and Stellantis ([URL='https://seekingalpha.com/symbol/STLA']STLA[/URL] +3.8%) higher as well. During the earnings call, Ford execs said the chip shortage situation is improving ([URL='https://seekingalpha.com/article/4442289-ford-motor-company-f-ceo-jim-farley-on-q2-2021-results-earnings-call-transcript']full earnings call transcript[/URL]). [*]Ford CEO Jim Farley: "In April, we said we'd expect to lose about 50% of our planned volume in the second quarter, which then implied a loss in adjusted EBIT. In fact, we did better than expected. We leveraged the strong demand to optimize our revenue and profits. We're seeing signs of improvement in the flow of chips now in the third quarter, but the situation remains fluid, especially due to the delay in ramp up of one of our key suppliers, Renesas, that Ford is uniquely exposed to in the first half. Overall, after effectively managing through the first half, we are now spring-loaded for growth in the second half and beyond because of those red-hot products, pent-up demand, and improving chip supply." [/LIST] [/QUOTE]
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Frying Pan Into the Fire -- Chip Shortage
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