Harley-Davidson, Philip Morris, Kenvue: Trending tickers
Harley-Davidson (HOG) shares are popping on optimism over its outlook for electric vehicles sales, though 2024 motorcycle sales guidance fell shy of estimates.
Shares of Philip Morris (PM) drifted lower in early trading after its fourth-quarter earnings and full-year guidance disappointed investors. However, shares of rival British American Tobacco (BTI) traded higher despite taking a larger-than-expected write-down on its US brands.
Johnson & Johnson (JNJ) spinoff Kenvue (KVUE) issued full-year guidance that was softer than the Street was expecting.
Yahoo Finance's Brad Smith and Seana Smith break down some of Thursday morning's trending tickers.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich
Video Transcript
BRAD SMITH: The S&P 500 still hovering just under that 5,000 mark. That milestone that we're sitting on the ends of our ergonomic chairs for here. The index closed at an all-time high, though, on Wednesday. Investors will be keeping an eye on that level throughout.
We're also, in tandem with this, watching Microsoft. That has struck a new all-time high. And we'll see how much we can hold on to that range here, as the trading session goes on.
SEANA SMITH: Microsoft moving to the upside. One of the names that have really carried the market's momentum. All right. Let's take a look at some of those other individual names. First up, you're taking a look at Harley Davidson. Now, ticker HOG popping today. Its electric motor vehicle brand, LiveWire, delivering a solid outlook for sales in 2024.
You're looking at a gain of just over 4%. Now, Harley Davidson moving towards its goal of being an all electric brand, at least, for now. It looks like it is registering here with consumers.
BRAD SMITH: And a smoky outlook for the cigarette space. We've got results from Philip Morris and British American Tobacco this morning here. Philip Morris missing expectations in its fourth quarter and offering a soft outlook for 2024. The company also saying that its electronic cigarette sales surpassed its top brand, Marlboro.
The British tobacco company on the other side seeing a little upside, as it offers a better than expected forecast for growth in 2024. The company did report a pre-tax loss in its most recent quarter driven by a previously reported write down of its US cigarette brands.
SEANA SMITH: Johnson&Johnson spinoff, Kenvue, falling today after offering a soft full-year guidance on the company citing foreign exchange as a headwind for net sales growth. CFO saying that Kenvue is focused on consumer engagement and innovation in 2024. And you see that reflected a bit some of that concern in the stock price with shares up just about 3%
