Ford Motor Company stock opening Thursday morning at a 52-week high, following praise from TV stock guru Jim Cramer.
Cramer was at the Dearborn Truck Plant Wednesday for a live taping of his CNBC show, “Mad Money,” where he praised Ford’s turnaround efforts, according to the Detroit News. It’s part of an “Invest in America” effort, spotlighting U.S. companies that are ripe for a comeback. Reportedly, of the 16 stocks in Cramer’s Invest in America portfolio, all are up since being added to his list between December 2009 and last September.
Cramer recommended the Ford stock when it was around $9 a share; Wednesday it closed at $18.71.
About 200 Ford workers were picked to attend the Wednesday show filmed on the floor where F-150 pickups are made.