Home Technology Top Stock Picks for Week of January 17, 2022

Top Stock Picks for Week of January 17, 2022

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Top Stock Picks for Week of January 17, 2022

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This story originally appeared on Zacks

Ford Motor Company F designs, manufactures, markets and services cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles.Strong vehicle mix supported by F-series trucks and SUV models is expected to bolster Ford’s revenues. The company’s aggressive electrification push, with planned spending of around $30 billion by 2025 and the target of 40% of its global vehicle volume to become all-electric by the end of the decade, augurs well. While Mustang Mach-E has already become a hit among consumers, upcoming launches like F-150 Electric, Maverick hybrid pickup and E-Transit are set to further drive the firm’s top line. Raised full-year 2021 guidance and dividend restoration sparks optimism. Ford’s commitment toward the development of autonomous vehicles (AVs) is also praiseworthy. Collaboration with Google to bolster the development and delivery of connected vehicles also bodes well. As such, the stock warrants a bullish stance right now. Also, Ford Motor Company will be looking to display strength as it nears its next earnings release.

– Zacks

ExxonMobil XOM is an integrated energy firm. Its bellwether status in the energy space, optimal integrated capital structure that has historically produced industry-leading returns and management’s track record of capex discipline across the commodity price cycle make it a relatively lower-risk energy sector play. Recently, the energy giant made two new oil discoveries in the Stabroek Block, which will add to its 10 billion oil-equivalent barrels of recoverable resources from the block. The company also has a strong presence in the prolific Permian Basin, where it continues to lower its fracking & drilling costs. In order to capitalize on mounting demand for clean energy, ExxonMobil is making efforts to create more efficient fuels while reducing emissions.The integrated energy firm has significant lower debt exposure as compared to other integrated majors. ExxonMobil now expects higher sequential profits from its upstream operations in the recently-concluded December quarter. Also, it increased its fourth-quarter 2021 dividend to 88 cents per share. Consequently, ExxonMobil is viewed as a preferred energy firm to own now.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

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Ford Motor Company (F): Free Stock Analysis Report
 
Exxon Mobil Corporation (XOM): Free Stock Analysis Report
 
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