Diamonds and Dogs
Harley-Davidson (HOG) had a good summer. The 117-year-old motorcycle company is up 22% to an 8-month high following strong earnings. Dealer inventory fell more than 30% compared with a year ago while asking price for the 2020 model-year motorcycles remained firm as customers wanted to ride the open road.
Eli Lilly (LLY) down following earnings. Lilly is down 5% to a six-month low after missing earnings by 17 cents as sales rose 4.8% to $5.74 billion. Eli Lilly's phase 3 clinical trial of a potential COVID-19 antibody therapy has been halted permanently due to effectiveness.
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