Maybe all those people who finally got JOBS last year after being unemployed for a very long time are starting to look at toys again. The local RV dealer is busting at the seams with units this spring and auto sales are brisk. Retail sales are up...time will tell!
My local dealership has seen a HUGE increase in sales this year. They sold 7 bikes in 1 day, last open house, in March.
As its a small dealership, that is likely close to their monthly quota for sales.
And, they are continuing to sell them out the door. Yesterday on their FB page, they sold two: a new Electra Glide Standard, and an Ultra Limited. The owner said this is the best year they have had in the past 15.
Harley-Davidson Stock Could Be Running Out of Gas After a Big Rally Harley-Davidson stock was trading lower on Monday, hurt by a downgrade from Wells Fargo, which argued that there’s little gas left in the motorcycle maker’s shares following their year-to-date rally. The back story. Harley-Davidson (ticker: HOG) has risen 17% since the start of 2019.
It has bounced back this year, even as it began the year with downbeat earnings results, slowing sales, and skepticism about the high price of its electric bikes.
If Harley sales were actually up 19%, don't you think there would be more than two search results on Google when you type in "Harley sales up 19%" and set the filter for "past month"? Both Google hits redirect to this forum.
I believe the confusion is that one article (by the OP) does indeed say sales are up 19%. The other article is using the first article as a source, it would seem.
The downgrading of of the stock to “market performance” is actually helpful since it projects a less risky investment.
Harley-Davidson Stock Could Be Running Out of Gas After a Big Rally Harley-Davidson stock was trading lower on Monday, hurt by a downgrade from Wells Fargo, which argued that there’s little gas left in the motorcycle maker’s shares following their year-to-date rally. The back story. Harley-Davidson (ticker: HOG) has risen 17% since the start of 2019.
It has bounced back this year, even as it began the year with downbeat earnings results, slowing sales, and skepticism about the high price of its electric bikes.
If Harley sales were actually up 19%, don't you think there would be more than two search results on Google when you type in "Harley sales up 19%" and set the filter for "past month"? Both Google hits redirect to this forum.
The redirect is to the main landing page of this forum where the article is posted at the vert top- https://www.hdforums.com
# of google references are a poor indicator since many factors influence how many and where the hits on google lands, one of those factors being money paid to have your name come up at the top. I have worked for companies that paid for that privilege.
The gist of both articles is dispite the increase in sales so far in 2019, investors think the road is still rocky for MOCO, hence the downgrading by WF of the stock from "out perform" to "market perfrom". The article seems to be from a legit writer.
I believe the confusion is that one article (by the OP) does indeed say sales are up 19%. The other article is using the first article as a source, it would seem.
The downgrading of of the stock to “market performance” is actually helpful since it projects a less risky investment.
That's correct.
The article posted on April 8 by Tony Owuse on TheStreet stated: .....the risk-reward profile for the company is less attractive at current levels after a nearly 19% runup since the start of the year.
The Article posted on April 9 by S.J. Bryan on this forum stated: .....Harley has seen a 19% increase in sales in 2019.
The word "runup" in TheStreet article was referencing HOG stock performance, not a 19% increase in sales as S.J. Bryan stated.
# of google references are a poor indicator since many factors influence how many and where the hits on google lands, one of those factors being money paid to have your name come up at the top. I have worked for companies that paid for that privilege.
Sir, you are 100 percent correct about how Google "skewes" search results.
The gist of both articles is dispite the increase in sales so far in 2019, investors think the road is still rocky for MOCO, hence the downgrading by WF of the stock from "out perform" to "market perfrom". The article seems to be from a legit writer.
Find me an article that states that Harley has had a "19 percent increase in sales" for 2019 other than the one written by S.J. Bryan on April 9, 2019. Anywhere!
The stock is NOT UP YTD. In fact, it's DOWN about 23% year to date. It started the year at $50.10. Yesterday it closed at 38.83. ( 4-9-19 )
Harley-Davidson (HOG) stock closed at $34.08 on 1/2/19 the first business day of 2019. It closed at $40.29 on 1/8/19 the day the TheStreet article was published.
04-10-2019, 07:32 AM
