Diamonds and Dogs
July 20, 2010July 20, 2010
Harley-Davidson Inc, HOG
It's a nice day to take your hog out for a ride, especially if it's a Harley. After struggling financial services Harley-Davidson jumped 13.6%. This Milwaukee based motorcycle maker made this jump after unexpected strong accelerated second earnings. The rebound of their financial services was one of the main reasons for Harley's rebound. However their executives are cautioning that there will be a difficulty in demand for new motorcycles for the remainder of the year. Their Net Income climbed from 19.8 million to 71.2, or 8 cents a share to 30 cents.
Whirlpool Corporation produces and promotes home appliances. Despite quality numbers reported by the company the stock still suffered a 5% decrease in trading Monday. The expiration of the homebuyer tax credit (stimulus program) has permits adjusting downward creating the Whirlpool Corporation to spin down with it. Shares were down to $85.86.