CNBC’s Jim Cramer on Thursday endorsed Ford Motor as having one of the best odds of staging the largest rally now by early February.

As athletes and celebrities in CNBC’s annual Stock Draft picked restoration favorites earlier Tuesday, Cramer, who shouldn’t be a participant, mentioned he backs the standard automaker to make important positive factors. 

“When the expectations have been highest – each yesterday after which 10 years in the past – Ford bought pulverized. Now they’re extremely low, and that makes it straightforward for administration to shock to the upside,” Cramer mentioned.

Ford CEO Jim Farley told Cramer Wednesday that he expects the chip scarcity impression will hit a trough within the second quarter and that manufacturing will rebound within the second half of the fiscal yr.

“If Farley’s proper that the semiconductor scarcity will ease up within the second half of the yr, then Ford ought to win the (Inventory Draft) contest arms down and I would not be shocked if the corporate can truly earn $5 a share … subsequent yr or the yr after,” Cramer mentioned.

Ford shares tanked 9% on Thursday, sooner or later after the corporate posted a solid earnings report from the primary quarter. The inventory closed at $11.26, down 68% from its finest closing worth of $35 greater than 20 years in the past. The inventory final closed above $18 per share in 2011.

The 2021 CNBC Inventory Draft is scheduled to finish Feb. 11, 2022.

Disclosure: Cramer’s charitable belief owns shares of Ford.