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Why Ford Stock Beat the Market and Rocketed 19% in October
October was one of the best months this year for Ford (NYSE: F), as the automotive stock clocked 19.4% gains in the month, according to data provided by S&P Global Market Intelligence. Despite rising inflation and deepening fears of a recession, investors saw an opportunity to bet on Ford stock after its September slump, especially with earnings around the corner. Much before earnings, Ford had already warned investors about lower sales volumes and higher costs in the third quarter as it grappled with a shortage in the supply of parts.
