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Ford stock revs up to a new high

May 28, 2013: 1:09 PM ET

Ford's shares soared Tuesday.

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.

removes ball cap and messes hair....ata boy $F your a champ

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.

$TSLA if Jeremy Clarkson can build an electric car, anybody can $F $GM can totally come in and steal market share

That remains to be seen. But it does seems like a rising economy is helping lift, maybe not all, but most car manufacturers.

$F first Barrons -then seeking alpha 50% undervalued & now is it TRUE--$F MAY sales +20%

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.

Fast and Furious 6 got the car crazy bulls worked to a frenzy this weekend. $TSLA $TM $FDML $GM $F

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Maureen Farrell
Maureen Farrell
Staff writer, CNNMoney

Maureen Farrell is a staff writer at CNNMoney and covers Wall Street, banking, mergers and the stock and bond markets. Prior to joining CNNMoney, she covered venture capital and entrepreneurs for Forbes, and mergers and bankruptcy for Mergermarket and Debtwire, both divisions of the Financial Times.

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