Let's explore why its industry-leading brands and dirt-cheap valuation make it a top stock to buy in December. Ford has turned this trend into an opportunity to reinvent itself, committing $30 billion to make 40% of its sales electric by the end of the decade. Well, unlike General Motors and Tesla, which are building a diverse lineup of EV models that includes sedans, Ford will focus on segments it already dominates, such as the F-150 truck, transit vans, and Mustang sports car (now adapted for a crossover SUV).
Ford Motor Co. (NYSE: F) continued to push forward in November, beating the market with a 12.4% increase in its stock price, according to S&P Global Market Intelligence. As of Dec. 3, Ford was trading at about $19 per share and was up about 117% year to date (YTD). Ford's stock price did something in November that it hasn't done in about 20 years -- it closed at over $20 per share.
CFRA Research Senior Equity Analyst Garrett Nelson speaks with Yahoo Finance about how traditional automakers and new startups are vying for share in the global electric vehicle market.