$ HOG – Harley Davidson Inc. Last closed at $37.49- Bullish (medium term)
Harley-Davidson, Inc., or Harley, is an American motorcycle manufacturer, founded in Milwaukee, Wisconsin in 1903. The Company’s reportable segments are strategic business units that offer different products and services. They are managed separately based on the fundamental differences in their operations. The Motorcycles segment designs, manufactures and sells at wholesale heavyweight (street legal with engine displacement of 651+cc) Harley-Davidson motorcycles as well as a line of motorcycle parts, accessories, general merchandise and related services
Motorcycles major Harley Davidson said it had recorded an income of $42.2 million, or 22 cents a share, in the fourth quarter, down from $74.5 million, or 35 cents a share, in the year-earlier period. Revenue edged down to $1.18 billion from $1.20 billion a year ago. Share price for the company had closed at $37.49 after touching a day’s high of $39.12. The motorcycle maker now expects to ship 1% to 3% more motorcycles this year compared with 2015, down from its prior projection that shipments would rise 3% to 5%. The company is expected to unveil new models this year and ramp up its marketing campaign by 65%, about $70 million which has made the market investors to go bullish on the share price of the motorcycle major and advice a strong hold for the company’s share price.
$BA – Boeing Co – last closed at 116.58 – Bullish (Short – Medium term)
The Boeing Company, together with its subsidiaries, is an aerospace company. There are 5 segments through which the company operates – Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S) and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike.
Boeing has seen a steady fall in the past month, and the shares went tumbling down to a 52-week low after Boeing reported that it would deliver fewer planes in 2016. It also reported a weaker fourth-quarter profit, mainly due to a charge announced last week for slowing production of the 747-8 jumbo.
Boeing won net orders for 321 planes in the Dec 2015 quarter and 768 in 2015 with backlog reaching 5,800 airplanes valued at $432 billion. Boeing expects adjusted or core earnings per share in the range of $8.15−$8.35 for 2016. GAAP earnings are expected in the range of $8.45–$8.65 per share.
The company also expects its 2016 revenues to be in the range of $93−$95 billion.
However, Technical analysts expect a pull-back in the prices, charts show historical price resistance at the current levels