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Ford Motor: Bet On Strong Q3-15 Results Tomorrow, 12-Month PT: $18

Ford Motor will release third quarter earnings tomorrow.

I expect very strong results based on Ford's excellent sales growth in the United States in recent months.

Further, General Motors handsomely beat earnings expectations, which implies surprise potential for Ford Motor.

My 12-month PT on Ford is $18.

Ford Motor (NYSE:F) will release third quarter earnings early tomorrow morning on October 27, 2015. Naturally, shareholders are looking forward to the release date, hoping that the auto maker will make a case for buying its stock. While Ford Motor has been doing a solid job over the last few years in terms of launching new products and growing sales, the same cannot be said about Ford's shares, though.

Ford's stock sits just below $16, and has become slightly overbought lately. But don't let the chart, or the Relative Strength Index for that matter, fool you here: Ford Motor can today be bought at the same price that investors were required to pay for the company in early 2011. Granted, shareholders got to collect...