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CNBC's annual Stock Draft kicked off Thursday on "Power Lunch" with candidates picking a wide range of stocks from AI to consumer plays.

CNBC's Jim Cramer confirmed Thursday that Ford Motor had the best chance of holding the biggest rally by early February.

As athletes and celebrities in CNBC's annual Stock Draft picked recovery favorites earlier Tuesday, Cramer, who is not a participant, said he backs the traditional automaker to make significant gains.  "When the expectations were highest – both yesterday and then 10 years ago – Ford got pulverized. Now they're incredibly low, and that makes it easy for management to surprise to the upside," Cramer said. Ford CEO Jim Farley told Cramer Wednesday that he expects the chip shortage impact will hit a trough in the second quarter and that production will rebound in the second half of the fisca...

Why Cramer Thinks Ford Will Emerge As Underdog To Outperform Recovery Favorites Jim Cramer backed Ford Motor Company (NYSE:F) on Thursday even as the automaker’s shares fell over 9% in regular trading hours, CNBC reported. What Happened: Ford CEO Jim Farley has said that the semiconductor shortage will impact the bottom in the second quarter earlier on Wednesday. “When the expectations were highest — both yesterday and then 10 years ago ” — Ford got pulverized. Now they’re incredibly low, and that makes it easy for management to surprise to the upside,” said Cramer. Referring t...

By CNBC.com staff, CNBC • Updated on May 24, 2021 at 9:18 am Each team selected 2 stocks/investments from a list of 60. The team with the highest average appreciation (not including dividends) at the close of trading on February 11th, 2021 will be the Stock Draft Champion. Visit the CNBC Stock Draft. Download our mobile app for iOS or Android to get alerts for local breaking news and weather. Also on CNBC