The 1 Reason the Market Is Surging Today

In today's edition, editor/analyst Austin Smith discusses the one reason the market is soaring today: Europe. News that the EU agreed to allow countries that comply with certain budget policies access to rescue funds was cheered the world over. Italian and Spanish bond yields fell sharply on the news, as did the Volatility Index.

Unsurprisingly, stocks with big European exposure and volatile finance stocks were among the biggest winners today. What is surprising, though, is that some incredible companies like Nike and Ford -- both of which have a large European presence -- were down big for the day. Each company had specific announcements which weighed on their shares, but Austin thinks the dips are unjustified and create buying opportunities for the long-term and patient investor.

Ford in particular has been performing incredibly well as a company over the past few years -- it's making good vehicles, is consistently profitable, recently reinstated its dividend, and has done a remarkable job paying down its debt. But Ford's stock price is down over 20% over the past year. Does this create an incredible buying opportunity, or are there hidden risks with the stock that investors need to know about? To answer that, one of our top equity analysts has compiled a premium research report with in-depth analysis on whether Ford is a buy right now, and why. Simply click here to get instant access to this premium report. Or, if you'd rather take a look at a high-growth company outside the cyclical manufacturing sector, check out our special free report: "The Motley Fool's Top Stock for 2012." The report features a company our chief investment officer uncovered that's revolutionizing commerce in Latin America.

The article The 1 Reason the Market Is Surging Today originally appeared on Fool.com.

Austin Smith owns shares of Ford. The Motley Fool owns shares of Bank of America and Ford. Motley Fool newsletter services recommend Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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