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May 11, 2012
06:16 EDTHOGHarley-Davidson checks show U.S. sales slowed in April, says Citigroup
Citigroup's channel checks indicate Harley-Davidson's U.S. retail sales in are trending up 1%-3% in April/early May, following a 29% increase in March. Citi says that while investors may view the data point as negative, trends are volatile month to month and May/June sales should be more normalized. The firm keeps a Buy rating on the stock with a $61 price target.
News For HOG From The Last 14 Days
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October 21, 2014
16:36 EDTHOGOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
12:57 EDTHOGOn The Fly: Midday Wrap
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11:54 EDTHOGHarley-Davidson races higher after Q3 earnings beat expectations
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09:34 EDTHOGHarley-Davidson continues to see pressure on HDSF operating income in FY14
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09:19 EDTHOGHarley-Davidson aims to add 100-150 international dealers between 2009-2014
Says has added 126 dealers since 2009. Aims to maintain a minimum of 12 months projected liquidity in cash and/or committed credit facilities. Looks to obtain cost-effective funding through diversified sources. Aims for its gross margin percentage in 2014 to be up modestly year-over-year for its motorcycles and related products segment. For the same segment, the company anticipates motorcycle shipments between 46.5K-51.5K in Q4 and SG&A to be up year-over-year, and down as a percentage of revenue. For the same division, the company expects its operating margin percentage in FY14 to be 17.5%-18.5%. Harley-Davidson's effective tax rate for FY14 is anticipated to be approximately 35%. HDFS operating income for the company's financial services segment is expected to be down modestly year-over-year. Comments taken from the company's Q3 earnings conference call slide presentation.
09:15 EDTHOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Apple (AAPL), up 3%... Texas Instruments (TXN), up 2.3%... Harley Davidson (HOG), up 7%... Celanese (CE), up 4%... United Technologies (UTX), up 1.4%. ALSO HIGHER: Neonode (NEON), up 20% after signing technology development agreement with global tier-one printer OEM... Illumina (ILMN), up 10%, upgraded at Janney Capital following the company's better than expected Q3 earnings. DOWN AFTER EARNINGS: Coca-Cola (KO), down 5%... Chipotle (CMG), down 4.6%... Verizon (VZ), down 1%. ALSO LOWER: CEL-SCI (CVM), down 15.3% after announcing proposed offering of common stock, warrants... Omeros (OMER), down 12% after suspending Huntington's clinical trial with OMS824... Tesoro Logistics (TLLP), down 2.4% after 20M share secondary priced at $57.47... Rhino Resources (RNO), down 53%, downgraded to Underperform at Raymond James following the reduction in its quarterly cash dividend.
07:12 EDTHOGHarley-Davidson reports Q3 EPS 69c, consensus 60c
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07:09 EDTHOGHarley-Davidson 'on track' for year of growth and strong 2014 performance
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07:03 EDTHOGHarley-Davidson reports it sold 73,216 new motorcycles in Q3
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07:02 EDTHOGHarley-Davidson expects to ship 270K-275K motorcycles worldwide in 2014
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October 20, 2014
15:36 EDTHOGNotable companies reporting before tomorrow's open
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14:14 EDTHOGHarley-Davidson technical comments before earnings
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13:52 EDTHOGEarnings Preview: Harley-Davidson sees 49,000-54,000 motorcycles shipping in Q3
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October 17, 2014
07:26 EDTHOGHarley-Davidson volatility elevated into Q3 and outlook
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05:47 EDTHOGHarley-Davidson U.S. retail strength being underestimated, says Wells Fargo
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October 14, 2014
09:33 EDTHOGHarley-Davidson volatility elevated into Q3 and sales outlook
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