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Stock Market & Financial Investment News

News Breaks
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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April 23, 2014
10:36 EDTHOGHarley-Davidson downgraded to Equalweight from Overweight at Barclays (pre-open)
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April 22, 2014
15:52 EDTHOGHarley-Davidson price target raised to $84 from $74 at Raymond James
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12:39 EDTHOGOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday amid a number of big deals and a much talked about proposed deal in the pharmaceutical industry, as well as another wave of earnings reports. The market opened quietly but on the positive side of the ledger as investors pored over the multitude of quarterly reports issued after the close last night and earlier today. Near noon the market stood near its session highs and is pointing toward its sixth consecutive positive close. ECONOMIC EVENTS: In the U.S., existing home sales slipped 0.2% to a 4.59M rate in March, versus expectation for them to have fallen 1% to a 4.56M rate. The Richmond Fed manufacturing survey for April had a reading of 7, beating the consensus forecast for a reading of 2. COMPANY NEWS: Valeant Pharmaceuticals (VRX) teamed with Bill Ackman's hedge fund Pershing Square to make a hostile takeover offer for Allergan (AGN), sending shares of both companies higher. Allergan confirmed it received the offer of $48.30 in cash and 0.83 shares of Valeant stock for each of its own shares, which it said it will evaluate with the help of its advisers. Analysts' opinion on the fallout varied, with one firm suggesting Allergan could pursue its own takeover of Shire (SHPG) or Jazz Pharmaceuticals (JAZZ) as a defense, and another saying a rival big pharma company, such as Johnson & Johnson (JNJ) or Merck (MRK), could launch a competing bid for Allergan. Shares of Allergan led all gainers on the S&P 500, rising 16%, while Valeant shares gained more than 6%... A number of other big drug makers made news with a string of deals, as Novartis (NVS) and GlaxoSmithKline (GSK) both reshaped their companies via a trio of agreements. Novartis will acquire GSK's oncology products for a $14.5B payment and up to $1.5B contingent future payments, Novartis will sells its Vaccines business, excluding flu, to GSK for $7.1B plus royalties, and the two agreed to tie-up their consumer healthcare businesses through a joint venture. In a separate transaction, Novartis agreed to divest its Animal Health Division to Eli Lilly (LLY) for about $5.4B. MAJOR MOVERS: Among the notable gainers following their earnings reports were streaming video service Netflix (NFLX), which advanced almost 6%, and motorcycle maker Harley-Davidson (HOG), which rose 8%. Companies that slid following their earnings reports included printer maker Lexmark (LXK), which fell over 11%, and Pentair (PNR), which dropped almost 6%. INDEXES: Near midday, the Dow was up 106.77, or 0.65%, to 16,556.02, the Nasdaq was up 45.95, or 1.11%, to 4,167.50, and the S&P 500 was up 11.59, or 0.62%, to 1,883.48.
10:56 EDTHOGHarley-Davidson surges after Q1 results speed past expectations
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09:26 EDTHOGHarley-Davidson says severe winter weather negatively impacted timing of sales
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09:16 EDTHOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Netflix (NFLX), up 8%... Harley-Davidson (HOG), up 7%... PLX Technology (PLXT), up 8%... Illinois Tool (ITW), up 2.3%... Comcast (CMCSA), up 1%... McDonald's (MCD), up 0.6%. ALSO HIGHER: Allergan (AGN), up 17% after Valeant (VRX) confirms proposal to combine with the company for $48.30 and 0.83 shares of stock. Valeant is up 5% following its confirmation of the news that broke last night... GlaxoSmithKline (GSK), up 4.5% after agreeing to sell oncology products for $14.5B to Novartis (NVS) and buy Novartis' Vaccines business, currently excluding its flu business, for $7.1B plus royalties. Novartis shares trading in New York are also up 1% following the deals... Revance Therapeutics (RVNC), up 20% after announcing positive results from RT002 Phase 1/2 study... Facebook (FB), up 2% following upgrade at Credit Suisse. DOWN AFTER EARNINGS: Xerox (XRX), down 4%... Lexmark (LXK), down 4.8%. ALSO LOWER: Allison Transmission (ALSN), down 4% after filing to sell 25M shares for holders... FireEye (FEYE), down 2.9% after filing to sell 13.3M shares of common stock for holders... Bebe stores (BEBE), down 16% after reporting preliminary Q3 losses that were steeper than the consensus estimate.
09:00 EDTHOGHarley-Davidson rises 6.7%
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08:51 EDTHOGHarley-Davidson reports Q1 consolidated revenue $1.73b, consensus $1.53B
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07:07 EDTHOGHarley-Davidson expects to ship 279,000-284,000 motorcycles in 2014
In the second quarter, the company expects to ship 92,000 to 97,000 motorcycles, up from shipments of 84,606 motorcycles in the year-ago period. The company continues to expect full-year 2014 operating margin of 17.5% to 18.5% in the Motorcycles segment. The Company also continues to expect capital expenditures of $215M-$235M in 2014.
07:07 EDTHOGHarley-Davidson reports dealers sold 57,415 motorcycles in Q1
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07:07 EDTHOGHarley-Davidson reports Q1 EPS $1.21, consensus $1.08
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April 21, 2014
15:16 EDTHOGNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 64c; United Technologies (UTX), consensus $1.27; McDonald's (MCD), consensus $1.24; Simon Property Group (SPG), consensus $2.24; Lockheed Martin (LMT), consensus $2.53; Bank of New York Mellon (BK), consensus 53c; Illinois Tool Works (ITW), consensus 98c; Travelers (TRV), consensus $2.16; Omnicom Group (OMC), consensus 79c; Pentair (PNR), consensus 73c; Harley-Davidson (HOG), consensus $1.08; Regions Financial (RF), consensus 20c; Genuine Parts Company (GPC), consensus $1.02; Xerox (XRX), consensus 24c; Carlisle (CSL), consensus 53c.
12:41 EDTHOGEarnings Preview: Harley-Davidson sees 76,500-81,500 motorcycles shipping in Q1
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April 16, 2014
11:26 EDTHOGHarley-Davidson May volatility slightly higher into Q1 and outlook
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April 14, 2014
13:34 EDTHOGHarley-Davidson mentioned cautiously at ITG Research
ITG Research said Harley-Davidson's March was slower than it expected. The firm added that its U.S. retail sales estimate for Harley-Davidson's March quarter is down 1.2% versus the consensus of up 5.2%.
April 10, 2014
08:25 EDTHOGHarley-Davidson March performance looks extremely encouraging, says Longbow
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