Diamonds and Dogs
10/26/22
Harley Davidson (HOG) is higher following earnings. Harley is up 12% after beating estimates and raising guidance. Sales rose 21% as supple chain issues are easing. The company also completed a public listing of their electric motorcycle division called, LiveWire.
Not a good day for tech stocks. Google (GOOG) is down 8% while Microsoft (MSFT) is down 7%, both on earnings. Google missed earnings estimates as ad spending slowest. Costs and expenses have surged 18% year over year as the company keeps hiring. That may come to a halt. Microsoft is not doing much better as they beat estimates, but growth has slowed. The PC business has collapsed with shipments down 19%.
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