April 4, 2019, T+92, Part 6 -- Ford, Making America Great Again

From "Global Data" this morning:

US will contribute 95% of North America’s new-build underground gas storage capacity growth by 2023, says GlobalData. 

The US will drive growth in North America’s new-build underground gas storage industry between 2019 and 2023, contributing around 95% of the working gas capacity growth in the region, according to GlobalData, a leading data and analytics company.

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Ford, playing to win, link here. From the AP so you know it's not fake news. LOL -- it's "billed as an AP story -- in fact it's a press release. And there's no story there, just a headline. The "story" re-directs you to the linked press release. Obviously a robot invovled. LOL.  And then it took a second link to get to the full story. Data points:

• Ford truck and van sales up 4.1% quarter-over-quarter
• Ford-brand SUV sales up 3.5%; set Q1 record
• but look at this -- remember, Lincoln is Ford's money-maker -- up 11.2% -- Lincoln's best start in more than a decade
• F is up about a percent today but still selling at $9 with a P/E of 10
• compare TSLA: $270/share; with a P/E of --- never mind

From Ford:

• F-150 and Super Duty combined sales outstripped nearest competitor by almost 100,000 trucks
• trucks sales 15,939 higher than last year
• average transaction price for F-Series: nearly $50K
• Ranger returns; with overall pickup sales, best quarter for pickup sales in 15 years 
• even before optimum inventory levels later this year
• Flash: Elon Musk -- all hat, no cattle
• even ahead of new Explorer and Escape launches, Ford-brand SUVs set first-quarter sales record
• almost 200,000 vehicles
• but look at this, Ford's money-maker, the Expedition: up 62% with 22,000 Expeditions sold

Flash: Elon Musk -- all hat, no cattle.

Flash: I doubt Ford was the only manufacturer to show nice results. If so, this speaks volumes about the health of the US (global?) economy.

Flash: add another reason why the market is surging.

Oh, that's right. Some gossip that Chinese-Trump trade talks soon to wrap up. Wanna bet the Chinese were slow-rolling Trump waiting until the Mueller report was released?