|Bid||42.95 x 800|
|Ask||42.96 x 1000|
|Day's Range||42.62 - 42.99|
|52 Week Range||39.34 - 56.50|
|PE Ratio (TTM)||14.37|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||1.48 (3.41%)|
|1y Target Est||46.67|
Harley-Davidson has claimed that new tariffs are forcing the company to shift jobs overseas. "My sense is that Harley-Davidson has previously planned on moving some of this manufacturing and it’s not just a result," Mnuchin said, speaking at a Congressional testimony Thursday. Mnuchin also assured representatives that he is "monitoring" the economic impact of Trump's escalating trade war.
President Donald Trump reached out to Harley-Davidson Inc. after it said it would move some production overseas as a result of retaliatory tariffs from the European Union, Treasury Secretary Steven Mnuchin said in a hearing before the House Financial Services Committee. Mnuchin, when questioned by Democratic Representative Maxine Waters, said his “sense” was that Harley-Davidson planned to move some production overseas prior to the tariff announcement, but he hasn’t spoken to the company directly. Waters asked whether the president had requested that the motorcycle company keep jobs in the U.S., and whether they had turned him down.
Its Indian FTR750 motorcycle has become unbeatable on the flat-track circuit, which could make it a hit on the sales floor too.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising.
WallStEquities.com renavigates the Recreational Vehicles industry, which includes companies that make and sell camp trailers, motor homes, and truck campers - products that allow those traveling by road to cook and sleep in comfort. Lined up for review this morning are: Harley-Davidson Inc. (NYSE: HOG), Polaris Industries Inc. (NYSE: PII), REV Group Inc. (NYSE: REVG), and Thor Industries Inc. (NYSE: THO).
Many American businesses are already facing disruptions in sales and supply chains as the trade war is setting in. Some main industries and companies to take note of are Harley-Davidson (HOG), the U.S. soybean business, and German motor companies.
Tesla Inc. ( TSLA) is planning to open a plant in China and is set to sign a memorandum of understanding with Shanghai-area authorities, according to a Bloomberg report that cites unnamed sources. The new plant is expected to rival Tesla’s only other assembly plant in the U.S. with the capacity to make 500,000 vehicles per year. In the first half of the year, Tesla has churned out 88,000 vehicles after a series of production delays.
After a couple of decades, it would seem that the idea of free trade or cooperative trade would be an accepted global practice. To fulfill campaign promises and appease his base, Trump is promising “fair trade” and “better deals” for American industry and workers. The chilling effects of trade tensions were felt publicly when badass American icon Harley-Davidson (NYSE:HOG) announced that it would be offshoring international manufacturing for foreign markets due to the threat.
Tesla Inc Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker's global manufacturing. The deal was announced as Tesla raised prices on U.S.-made vehicles it sells in China to offset the cost of new tariffs imposed by the Chinese government in retaliation for U.S. President Donald Trump's heavier duties on Chinese goods.
In the very short term, the single most important problem the EU needs to confront is Donald Trump. The two priorities I would set, therefore, would be tackling the low levels of defence spending and the eurozone’s large current account surplus. Germany plays a central role in both, but the issue will need to be addressed EU-wide.
The electric car innovator finally hit its 5,000 Model S vehicles a week production target … but the underlying story is more complex. Also, catch up on big news from Harley-Davidson, GE, SpaceX and more.
Targeting iconic American products such as Harley-Davidson motorbikes and bourbon in the fight against US president Donald Trump’s first round of transatlantic tariffs was just a start — the EU is now eyeing humble staples such as ketchup. The EU is bracing itself for a decision by the US in the coming weeks on whether imported cars and car parts constitute a national security threat.
President Donald Trump continues to taunt Harley-Davidson via social media, saying the reason the company is losing sales is because it has manufacturing plants in other countries. Harley-Davidson HOG riders in Europe don't care whether the iconic American motorcycles are made in the United States, custom motorcycle builder Alan Stulberg told CNBC.
U.S. fund investors peeled out of stocks, pulling the most cash since February in the most recent week as global trade tensions vexed markets, Investment Company Institute data showed on Thursday. Investors snatched $18 billion from U.S.-based equity funds, according to the trade group's data for the week ended June 27. Now, conflict between the United States and its trading partners appears to be markets' biggest boogeyman.
President Donald Trump's trade war with the rest of the world rages on, and some businesses are bearing the brunt of the repercussions. Companies across multiple industries are expected to be affected by the growing number of tariffs that the administration has placed on other countries and retaliatory tariffs that have been levied against the United States. The luxury car manufacturer expects profits for its Mercedes-Benz vehicles for the year to be slightly lower than in 2017 "because of increased import tariffs for U.S. vehicles into the Chinese market." The company sees China's retaliatory tariffs to lead to fewer sales, and predicts it will have higher costs.
Jul.12 -- Treasury Secretary Steven Mnuchin says President Trump asked Harley-Davidson not to move some production jobs overseas. He answered a question from Rep. Maxine Waters during a hearing.
Jul.11 -- Deirdre Latour, former chief communications officer at General Electric, examines how companies are reacting to the trade rhetoric from President Donald Trump. She speaks on "Bloomberg Daybreak: Americas."
Veronique de Rugy, Mercatus Center, and Beth Baltzan, American Phoenix, discuss trade and the impact tariffs are likely to have on the US & Chinese economies.
Ken Schmidt, former Harley-Davidson executive, and Alan Stulberg of Revival Cycles discuss the challenges Harley-Davidson is facing after President Trump criticized the company for choosing to manufacture outside the United States.