"Ford Motor Co. (NYSE: F) recently surprised Wall Street by posting its first profit in ages," notes Mark Skousen in The Turnaround Trader. Here's the advisor's bullish outlook on the auto maker.

"Ford announced a $100 million profit in the quarter, even though sales lagged General Motors and Toyota. I see Ford as a deeply undervalued company that finally is producing good quality cars, both here and abroad, and I don't think higher gasoline prices will have much effect on the turnaround.

"Ford must be seen as a global producer. And foreign sales are booming for Ford and GM. Moreover, now that Ford has decided to include Microsoft's Nuance-powered Sync voice control system in some of its 2008 models, it could help improve sales dramatically here in U.S. showrooms.

"If the profitable quarter continues, Ford now is selling for only 14 times next year's earnings. With revenues of close to $40 billion in the quarter, a smart business person certainly could cut the fat from that and turn a profit, and that is exactly what turnaround specialist CEO Alan Mulally is doing.

"Under his guidance, Ford saved $1.7 billion from cost reductions in the quarter and agreed to sell Jaguar and Land Rover. Wall Street likes what Mulally is doing, and so does billionaire investor Kirk Kerkorian, who is buying its stock. Let's join him by buying Ford."

Each day, Steven Halpern's TheStockAdvisors.com offers the latest market commentary and favorite investment ideas from the nation's leading financial newsletter advisors.

There's also the bearish case: Ford (F): No short seller faith in turnaround

Texas Instruments (NYSE: TXN) fell after announcing that revenues and earnings fell slightly on weaker demand for its calculators and other products. But that news has not deterred Mark Skousen, who states, "I'm still upbeat that Texas Instruments will turn the corner and move higher."

Indeed, the editor of The Turnaround Trader says, "Though most tech stocks are selling at lofty heights, I consider Texas Instruments a real bargain."

Skousen continues, "With profit margins at 30% and an expanding market around the globe, Texas Instruments has an impressive track record of increasing free cash flow."

In addition, he notes, the company has built up $3.3 billion in cash with no debt. Last quarter, he notes, revenues and earnings fell slightly, but that he says is "an anomaly." He suggests, "TXN has been on a roll for several years, and there's no evidence of it turning back.

The advisor concludes, "Texas Instruments reached $100 a share during the go-go years of the Internet bubble, but today it is at a third of its all-time high. It's time to get aboard."

For more aggressive traders seeking "potentially greater rewards", albeit with much higher risk, the advisor suggests the January $45 calls.

Each day, Steven Halpern's TheStockAdvisors.com features the latest investment ideas and market commentary from the financial newsletter community.