Today’s Research Reports on Trending Tickers: Harley-Davidson and Polaris Industries
NEW YORK, NY / ACCESSWIRE / January 31, 2018 / U.S. markets fell sharply Tuesday for the second consecutive day. Both the Dow Jones and S&P 500 experienced their largest one day drop of 2018. The Dow Jones Industrial Average dropped 1.37 percent to close at 26,076.89, while the S&P 500 Index fell 1.09 percent to close at 2,822.43. The Nasdaq Composite Index declined 0.86 percent to close at 7,402.48. Investors appear to be awaiting details from the State of the Union address by President Donald Trump on Tuesday night.
"We've had a unilateral move higher [in stocks] to start things off and people are realizing this is not sustainable," said Art Hogan, chief market strategist at B. Riley FBR. "You're also seeing some cracks in the global story with interest rates rising."
RDI Initiates Coverage on:
Harley-Davidson, Inc.
https://rdinvesting.com/news/?ticker=HOG
Polaris Industries Inc.
https://rdinvesting.com/news/?ticker=PII
Harley-Davidson's stock moved 8.05% lower Tuesday, to close the day at $50.84. The stock recorded a trading volume of 11,484,391 shares, which was above its three months average volume of 2,254,022 shares. The stock sank after the company reported a 11% yoy decline in the new motorcycle sales. In the last year, Harley-Davidson's shares have traded in a range of 44.52 - 63.40. The stock is currently trading 19.81% below its 52 week high. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $52.21 is greater than its 200-day moving average of $49.02. Shares of Harley-Davidson are trading at a trailing Price to Earnings ratio of 15.87. Shares of Harley-Davidson have fallen roughly 0.08 percent in the past month.
Access RDI’s Harley-Davidson, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HOG
On Tuesday, shares of Polaris Industries recorded a trading volume of 4,175,009 shares, which was above the three months average volume of 654,509 shares. The stock ended the day 13.29% lower at 116.40. The stock price fell despite posting an impressive 18% yoy growth in revenue. Not so strong guidance along with the concerning health of the motorcycle market in US probably got the investors worried. The share price has gained 49.40% from its 52 week low with a 52 week trading range of 77.91 - 137.66. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $128.75 is greater than its 200-day moving average of $111.01. Shares of the company are trading at a trailing Price to Earnings ratio of 36.56. Shares of Polaris Industries have fallen roughly 6.12 percent in the past month.
Access RDI’s Polaris Industries Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PII
Our Actionable Research on Harley-Davidson, Inc. (NYSE:HOG) and Polaris Industries Inc. (NYSE:PII) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
