Diamonds and Dogs
Ford Motors (F) updates their outlook. Ford is up 2% after saying they see some relief in the semiconductor shortage to increase production. Ford is also investing $11.4 billion to develop electric vehicle campuses, creating 11K new jobs in the state of Kentucky. Ford is also expanding their Tennessee operations, adding 6,000 jobs to product more all electric SUVs.
A number of FAANG stocks taking a hit. Google (GOOG) and Facebook (FB) are both down 3% today on regulatory concerns and online advertising and simply profit-taking. We may see a rotation into more value names going forward.
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