{"id":77778,"date":"2023-10-28T08:52:12","date_gmt":"2023-10-28T12:52:12","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/fords-junk-bonds-fall-along-with-stock-after-weak-earnings-and-electric-vehicle-loss\/"},"modified":"2023-10-28T08:52:17","modified_gmt":"2023-10-28T12:52:17","slug":"fords-junk-bonds-fall-along-with-stock-after-weak-earnings-and-electric-vehicle-loss","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77778","title":{"rendered":"Ford\u2019s junk bonds fall along with stock after weak earnings and electric vehicle loss"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002665811\" role=\"document\">\n<p>Ford Motor Co.\u2019s stock tumbled 12% Friday after weaker-than-expected quarterly earnings\u00a0and the withdrawal of guidance, adding to the recent selling pressure on its high-yield bonds.<\/p>\n<p>Ford<br \/>\n        F,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208911460\/composite\" class=\"negative\">-12.25%<\/bg-quote><br \/>\n       pulled its guidance after reaching an agreement with the United Auto Workers union following a strike, but the car company also reported an adjusted loss of $1.3 billion for its EV unit, wider than Wall Street was expecting. \u00a0<\/p>\n<div class=\"paywall\">\n<p>The company said customers interested in EVs are \u201cunwilling\u201d to pay the vehicles\u2019 premium prices and it paused billions of long-term investment in EVs due to that disconnect.<\/p>\n<p><strong>See now: <\/strong>Ford pulls guidance as EV unit loses $1.3 billion<\/p>\n<p>Ford is the biggest issuer in the U.S. high-yield, or junk, market with some $72.4 billion of outstanding bonds, as the following chart from data solutions company BondCliQ Media Services shows. The bulk of its dollar-denominated bonds, or $15.9 billion worth, will nature in 2026.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:62.857142857142854%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\"><\/div>\n<\/figure><\/div>\n<p>The bonds were seeing greater selling on Friday and were 1\/4 to 1\/2 point lower, according to a market source. <\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:62%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" itemprop=\"contentUrl\"   src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/im-876852\" alt=\"\" title=\"\">\n      <\/div>\n<\/figure><\/div>\n<p>Over the last 10 days, the bonds were also being sold off, as the following chart shows.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:70.71428571428572%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" itemprop=\"contentUrl\"   src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/im-876855\" alt=\"\" title=\"\">\n      <\/div>\n<\/figure><\/div>\n<p>The following chart shows the movement in prices over the same period.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:64.28571428571429%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" itemprop=\"contentUrl\"   src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/im-876856\" alt=\"\" title=\"\">\n      <\/div>\n<\/figure><\/div>\n<p>\u201cOur business is never short of challenges, especially right now with the evolution of the EV market,\u201d Chief Executive Jim Farley told analysts in a call following results.<\/p>\n<p>Ford earned $1.2 billion, or 30 cents a share, in the third quarter, swinging from a loss of $827 million, or 21 cents a share, in the year-ago period.<\/p>\n<p>Adjusted for one-time items, Ford earned 39 cents a share. Adjustments included a $2.7 billion impairment charge related to the investment in the shuttered, Ford-backed Argo AI driverless-car company.<\/p>\n<p>Revenue rose 11% to $43.8 billion, the carmaker said.<\/p>\n<p>Analysts polled by FactSet expected Ford to report adjusted earnings of 46 cents a share on sales of $43.94 billion.<\/p>\n<p>The stock has fallen 11% in the year to date, while the S&amp;P 500<br \/>\n        SPX<br \/>\n       has gained 8%. <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/fords-junk-bonds-fall-along-with-stock-after-weak-earnings-and-electric-vehicle-loss-6e95db18?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ford Motor Co.\u2019s stock tumbled 12% Friday after weaker-than-expected quarterly earnings\u00a0and the withdrawal of guidance, adding to the recent selling pressure on its high-yield bonds. Ford F, -12.25% pulled its guidance after reaching an agreement with the United Auto Workers union following a strike, but the car company also reported an adjusted loss of $1.3 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-77778","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ford\u2019s junk bonds fall along with stock after weak earnings and electric vehicle loss | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Ford Motor Co.\u2019s stock tumbled 12% Friday after weaker-than-expected quarterly earnings\u00a0and the withdrawal of guidance, adding 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