By Nicholas Vardy, Bull Market Alert

Our top pick is all-American stalwart and success story Ford Motor (F) -- a bet on the American consumer and the burgeoning U.S. economic recovery.

Even as Europe struggles with its sovereign debt crisis, the news from the U.S. economy has been steadily improving.

The Institute for Supply Management reported that the U.S. manufacturing index rose to 52.7 in November, and that new orders and production both rose to seven-month highs.

The unemployment rate recently dropped to 8.6%. Consumer confidence has ticked up and U.S. consumers went on an auto-spending spree in November -- a normally weak month for auto sales.

With the average age of vehicles on U.S. roads hitting almost 11 years, pent-up demand resulted in an impressive 10.6% rise in seasonally adjusted annual sales (SAAS) to 13.6 million units as of last month.

That's up from a SAAS total of 12.28 million in the same month of 2010 and the highest SAAS rate since August 2009, when the U.S. government launched the "Cash for Clunkers" program. November was also the third-straight month when annualized vehicle sales topped the 13-million mark.

Ford itself posted a gain of 13.3% in November to 166,865 vehicles, driven by strong sales of trucks and SUVs. Its 16.6% share of U.S. vehicle sales in November was its highest in five years.

Ford's retail sales actually soared by an even more impressive 20%. Retail sales, as opposed to sales to fleets like rental-car companies and government agencies, rank as the industry's most profitable segment.

Ford itself expects industry-wide sales of around 13.5 million units next year.

Ford also announced that it would restore a regular dividend. Ford halted its dividend payment back in 2006 when markets were in turmoil. Restoration of a dividend payment is a good sign of financial strength.

Much of Ford's success has been thanks to its CEO Alan Mulally, who has prioritized profits over market share.

Coming from Boeing just five years ago, Mulally eliminated Ford's dividend and sold its non-core brands. He also shut down Mercury, focusing Ford on the mass market and Lincoln on the high-end car buyers.

He also raised $20 billion as a cushion against bad times that has served Ford well, while delivering nine straight quarters of pre-tax profits.

Ford was a darling of investors after the market bottomed in March 2009 but has actually underperformed the broader market since hitting a high of $18.71 in January of this year.

But with a price-to-earnings ratio of 6.56, and a turnaround in the U.S. car market underway, Ford is once again a bargain. So, bet on a U.S. economic turnaround and buy Ford.

Steven Halpern's TheStockAdvisors.com​​ offers a free daily review of the favorite stock ideas of the nation's top financial newsletter advisors.