'Ford no longer wants to make cars everywhere, no matter what the cost. It doesn't want a one-car-fits-all worldwide strategy,' Jim Cram says.
Six months ago, analysts worried about Ford's dividend and future. The company has put those worries to rest, Cramer said.
Shares of Ford dipped about 0.40% during the session. Cramer said its 4 cent decline was incredible, given the state of the auto market and how U.S.-China trade tensions disrupted Wall Street Monday. The stock has risen more than 35% in 2019, but it's still down 25% over the past five years, Cramer noted. The share price saw a years-long decline, bottoming out at $7.41 last December after topping $17 per share in 2014.
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