Ford is in focus, and investors like what they see.
The American car manufacturer's stock rose 3% to a new 52-week high Tuesday, and is up 18% for the year.
Ford (F) recently told investors that it plans to roll out more vehicles by expanding its U.S. manufacturing capacity.
Analysts at JPMorgan (JPM) told investors Tuesday that they think the stock has room to run to $16 from a little over $15 now.
The automaker is reaping the benefit of strong North American sales. Last month, Ford said a 20% jump in sales in North America helped offset weak European sales.
In fact, auto sales have been so robust that Ford is cutting back on its usual two-week plant shutdown that usually occurs around July 4.
The maker of the Escort, the Explorer and the Fusion elicited cheers from the trading community on StockTwits for its recent run.
Maybe it should be atta boy Alan Mulally. During the CEO's tenure, Ford has gone from loss after loss to a strong string of profitability.
That remains to be seen. But it does seems like a rising economy is helping lift, maybe not all, but most car manufacturers.
Ford isn't the only carmaker soaring today. Electric car maker Tesla (TSLA) jumped more than 7%.
So far at least, investors don't think that wins for Tesla and Elon Musk translate into losses for other major car companies.
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Tesla may be the Apple of the auto business. By that, I mean it's a company that's disrupting an entire industry ... not that it's a stock going nowhere fast.
When you look at Tesla (TSLA) MOREPaul R. La Monica - Apr 23, 2013 1:09 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Anyone who's seen "Thelma and Louise" knows that cars and cliffs don't tend to get along too well. But shares of Ford (F) are up nearly 15% since the broader market first started to slip in MOREPaul R. La Monica - Nov 27, 2012 12:57 PM ET
Ford and GM rallied Wednesday after both automakers topped third-quarter earnings forecasts, despite soaring losses in Europe.
Shares of Ford (F) climbed more than 5%, as the company's record profit of $2.3 billion in North America helped offset its $468 million loss in Europe, bringing losses in Europe so far this year to just over $1 billion.
Meanwhile, General Motors (GM), the largest U.S. automaker, reported a third-quarter profit that trounced analysts' estimates. Though MOREHibah Yousuf - Oct 31, 2012 1:12 PM ET
Will Netflix still be around in 2147? How about Facebook in 2154? Or Groupon in 2158? Probably not. Scores of companies, particularly in consumer tech, come and go. That makes the longevity of a business like railroad giant Union Pacific (UNP) all the more remarkable.
The company celebrated its 150th anniversary on July 1. President Lincoln apparently took time from his busy schedule of fighting vampires on July 1, 1862 to MOREPaul R. La Monica - Jul 3, 2012 12:03 PM ET
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