Market Currents

• Thursday, December 17, 2009

• 09:45 AM Harley-Davidson (HOG) -5.5% after Goldman moved shares to its Conviction Sell list. "Our channel checks point to Harley retail bike sales declines of 35-40% Y/Y for October and November, which we believe is below Street expectations," firm says. 2 Comments
• 09:00 AM Premarket gainers: FUN +24%. APWR +7%. DPTR +5%. PIR +4%.
  Losers; YONG -10%. C -9%. HOV -8%. SQNM -7%. LYG -7%. BQI -6%. EZCH -6%. FRE -6%. PCS -5%. AIB -5%. BCS -5%. FNM -5%. HOG -5%. LDK -4%. AEM -4%. CNO -4%. AU -4%. FDX -4%. DB -4%. Comment!

• Thursday, October 15, 2009

• 09:15 AM Fantastically strong manufacturing data and a nine-month low in jobless claims fail to lift futures, which turned lower after Goldman Sachs (GS) blew out earnings estimates by less than the most optimistic whisper numbers. Nokia (NOK), Citigroup (C), Harley-Davidson (HOG) and McClatchy (MNI) also lower on Q3 results. Benchmark S&P futures -0.4% at 1083. 1 Comment
• 09:00 AM Premarket gainers: ACOR +51%. CIT +11%. PLX +7%. HEB +4%. TSEM +4%.
  Losers: MNI -15%. NOK -8%. GNBT -7%. AIB -5%. AIXG -5%. COF -5%. IRE -4%. LVS -4%. GFI -4%. HOG -4%. Comment!
• 08:18 AM Harley-Davidson (HOG): Q3 EPS of $0.11 misses by $0.10. Revenue of $1.12B (-21.1%) in-line. To discontinue Buell line, which it says will cost about $125M. Shares -5.75% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: APH, BAX, SCHW, C, CY, FCS, GS, HOG, LUV, MNI, NOK, OMTR, PPG, SWY, WGO Comment!

• Tuesday, September 8, 2009

• 10:49 AM Harley-Davidson (HOG) is up 5.2% early on after Citigroup lifted its shares to Hold from sell, and boosted price target by 50% to $26. Firm says channel checks indicate sales trends have improved since Q2, noting other leisure segments have seen similar gains. 2 Comments

• Thursday, July 16, 2009

• 09:00 AM Premarket gainers: BFRM +42%. MOS +11%. HGSI +7%. ING +6%. ELN +5%. BUCY +4%. ANPI +4%. SAY +4%. BIIB +4%. ESLR +4%. PCX +4%. SNDK +4%.
  Losers: NOK -12%. MTG -11%. SLT -10%. TRGT -8%. XLNX -6%. CELL -7%. RFMD -5%. MOT -5%. HOG -5%. AIG -4%. Comment!
• 06:40 AM Harley-Davidson (HOG): Q2 EPS of $0.08 misses by $0.16. Revenue of $1.2B (-26.6%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: APH, BAX, BIIB, CY, FCS, GPC, HOG, JPM, MAR, MMR, MTG, NOK, NXY, PPG Comment!

• Friday, June 19, 2009

• 07:48 AM Industrial loan companies like Target (TGT) and Harley-Davidson (HOG) that routinely pitch loans and other financial products could get snagged by financial reforms. If forced to apply for bank-holding status, the firms may opt instead to give up their ILC status, closing down another source of consumer credit. Comment!

• Friday, May 8, 2009

• 15:25 PM If shares of companies like Harley-Davidson (HOG) and Winnebago (WGO), selling luxury, discretionary items like $35,000 motorcycles and $140,000 RVs are rebounding by 100%+ - 4 to 5 times the increase in the S&P500 - does that suggest that the recession must be over? 15 Comments

• Thursday, April 16, 2009

• 09:01 AM Premarket gainers: GMKT +19%. GCI +19%. UIS +15%. NOK +12%. HOG +11%. QTM +11%. JAVA +10%. ATVI +8%. HBAN +8%. AIG +8%. ISRG +7%.
  Losers: GGP -15%. AIB -11%. CIM -6%. DRE -5%. Comment!
• 07:13 AM Harley-Davidson (HOG): Q1 EPS of $0.50 misses by $0.01. Revenue of $1.29B (-1.5%) vs. $1.28B. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: APH, BAX, CY, FCS, GCI, GPC, HOG, ITW, JPM, LUV, NOK, PH, SHW Comment!

• Friday, January 23, 2009

• 09:01 AM Premarket losers: HOG -19%. BCS -19%. COF -14%. CRXL -12%. ING -11%. DRYS -10%. MT -10%. HBAN -10%. JASO -10%. FITB -9%. RBS -8%. WFR -8%. BAC -8%. JBLU -8%. SAP -7%. PHG -7%. JPM -6%. UBS -6%. SI -6%. BP -6%. USB -6%. RTP -6%. ABB -6%. WFC -6%. BHP -6%. AAUK -6%. ASML -6%. RF -6%. Comment!