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F150 Drives Growth for Ford (F) During Pandemic

f you want to own the “stay-at-home” stocks, but don’t want to own individual names, one way to get exposure to digital vs. in-person companies, is to own the Invesco QQQ Equity Index (QQQ). The QQQ mirrors the Nasdaq 100 Index, and is made up of the 100 largest non-financial stocks trading on the Nasdaq. As you may know, the Nasdaq was founded as a digital exchange, with a virtual trading floor of traders connected via computers. This gave the Nasdaq a leg up in attracting tech companies, such as Microsoft (MSFT) and Amazon (AMZN), and the Nasdaq Index remains very heavily weighted toward technology. While the S&P 500 has seen its weighting of tech stocks increase in recent years, it’s still considered more of an industrial index versus the Nasdaq. Ford (F), one of the stocks in the S&P 500 Index, recently showcased the release of its new F150 pickup. Ford is touting new technology and features, such as automatic emergency braking on all models. The F150 is very important to the Ford brand, as it is not only the top-selling pickup in the U.S., but completely dominates the next two competitors. In Q1 2020, Ford sold over 186,000 F150s, versus Chevrolet pickups

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