Daily Stock Market News

Ford, Tesla Recall Thousands of Vehicles

Ford Motor Company (NYSE:F) and Tesla Inc (NASDAQ:TSLA) are drawing negative attention, as both companies recall thousands of vehicles. Ford called back 634,000 SUVs worldwide due to fire risks, while Tesla is recalling over 80,000 China-made cars for software and seat belt issues. 

The spotlight has already been on Tesla in recent months, amid Elon Musk’s Twitter takeover, making it a tough time for increased negative sentiment, though Citigroup praised the stock earlier this week. TSLA is inching 0.5% higher at $184.13 at last glance, eyeing a third-straight day of gains since its annual low of $166.18. 

Ford stock is seeing muted price action as well, up 0.2% at $14.06 at last glance. Options bears are eyeing the stock after the news, however, with 79,000 puts exchanged so far today, which is double the intraday average. The December 14 put is the most popular, with new positions opening at the weekly 12/2 14-strike put. 

When individuals think about Reddit stocks, it’s not surprising that GameStop (NYSE:GME) and AMC Entertainment  (NYSE:AMC) come to mind. These two stocks were the poster children of the “meme stock” movement in 2021. And they weren’t alone. There are a number of speculative stocks that are trending in the social media forum.

The Reddit community, however, is interested in more than low-priced stocks. To be clear, penny stocks still draw a lot of interest from the Reddit crowd. But this is a diverse group of investors. In fact, many of the trending Reddit stocks are companies that are in the portfolio of many retail and institutional investors.

That’s why it’s worth paying attention to the stocks that are popular with Reddit investors. That’s the purpose of this presentation. Here are seven stocks that appear to be sound investment choices for 2023. All of these stocks currently have a consensus analysts rating of Hold or better.

View the Stocks Here .

Read More: Ford, Tesla Recall Thousands of Vehicles

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