Today’s Research Reports on Stocks to Watch: Harley-Davidson and Carnival

NEW YORK, NY / ACESSWIRE / June 26, 2018 / Wall Street as well as President Donald Trump were not happy with Harley Davidson’s latest announcement that it would be moving production overseas for European customers due to high tariffs. Shares of Carnival Corporation also saw its shares sink yesterday to a new low after a dismal outlook for the third quarter and for fiscal 2018.

RDI Initiates Coverage on:

Harley-Davidson, Inc.
https://rdinvesting.com/news/?ticker=HOG

Carnival Corporation
https://rdinvesting.com/news/?ticker=CCL

Harley-Davidson, Inc. shares closed down almost 6% yesterday on almost 4.4 million shares traded. The company revealed in an SEC filing yesterday that the 31% tariff the EU enacted last week on its motorcycles would raise the cost of each Hog it ships there from the U.S. by about $2,200. In order to offset this, the company said it would be moving U.S. production of motorcycles for European Union customers overseas to avoid retaliatory tariffs. President Trump was less than pleased with the motorcycle giant’s move and tweeted, “Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag. I fought hard for them and ultimately they will not pay tariffs selling into the E.U.” He added, “Taxes just a Harley excuse – be patient!”

Access RDI’s Harley-Davidson, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HOG

Carnival Corporation shares closed down almost 8% on Monday and even hit a new low of $56.95 during intra-day trading. Despite beating in its second quarter financial results, guidance had traders on edge. The world’s largest travel leisure company reported earnings of 68 cents per share, a 30.8% YOY growth. Analysts had only been expecting 60 cents a share. Revenues of $4.4 billion was also better than what analysts had expected and represented a growth of 4.8% YOY. Net revenue yields saw a 4.8% year over year growth on a constant-currency basis. CEO Arnold W. Donald remarked, “These record results reflect the efforts of our passionate, 120,000+ employees, who go above and beyond every day, as well as that of hundreds of thousands of travel professionals who support our brand.” Looking ahead for the third quarter, the company is expecting adjusted earnings per share in the range of $2.25-$2.29. Analysts had been calling for $2.48 per share. For fiscal 2018, Carnival has lowered its adjusted earnings per share outlook from a range of $4.20 to $4.40 to $4.15 to $4.25.

Access RDI’s Carnival Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CCL

Our Actionable Research on Harley-Davidson, Inc. (NYSE: HOG) and Carnival Corporation (NYSE: CCL) can be downloaded free of charge at Research Driven Investing.

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