00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Ford shares fell more than 2% Monday, bucking broader market gains as investors remained
00:07cautious ahead of the automaker's quarterly earnings report. The automaker's decline against
00:11broader sector gains and its position below major moving averages reflect stock-specific
00:16selling pressure and a weak, longer-term trend. A technical indicator suggests selling pressure
00:21may be easy, with traders watching $11.50 for support and $14.50 for resistance.
00:28Ford is scheduled to report earnings on October 28. Wall Street expects earnings of $0.41 per
00:34share, down from $0.45 a year earlier, while revenue is projected at $46.53 billion, down
00:40from $47.19 billion. Analysts maintain a hold consensus rating, with an average price target
00:46of $15.62. For all things money, visit Benzinga.com.
