Investors are increasing their search for value. Ford Motor (F) and Apple (AAPL) fit that description. Ford shares gained 4.98% on Wed. to continue its uptrend. The company is more attractive after Ford indicated that it would par its ambitions in the money-losing electric vehicle market.
Both Ford and General Motors (GM) said that they would reroute shipments affected by the bridge collapse in the Port of Baltimore.
Betting on Apple to bottom at $170, buyers are buying AAPL stock. The company’s Vision Pro will reportedly see Tencent’s (TCEHY) apps in the Chinese market. This puts Apple in the lead since Apple’s streaming services and U.S. services are not available in the country. The support from Tencent would create a moat for Apple’s gaming and streaming business.
In the EV market, Tesla (TSLA), which is poised to lose 27.63% in the first quarter, is a rebound bet. The media reported that officials in Italy contacted Tesla about producing electric vehicle trucks in the country. Tesla is likely considering France, Spain, and Italy as a location for its next Gigafactory in Europe.
Tesla’s fundamentals improved greatly in the last few days. The company improved its self-driving technology (FSD). Additionally, all future Tesla sales will include a test drive featuring FSD version 12.3. Consumers will gain awareness of the system’s performance in handling nighttime obstructions.
