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Harley plans to ship fewer models to U.S. dealers – WSJ

May 20, 2020 admin Comments Off on Harley plans to ship fewer models to U.S. dealers – WSJ

The U.S. motorcycle maker, which closed its U.S. plants in March due to the coronavirus outbreak, may not ship any additional new motorcycles this year to about 70% of its 698 dealers in the country, the report said https://on.wsj.com/2Tn92JP. The company did not immediately respond to Reuters request for comment. Harley would reopen its plants in Wisconsin and Pennsylvania and accelerate production in phases that would be limited to bestselling models and palette of colors and without customizable features for the rest of the year, the report said. …read more […]

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Is NIO Stock a Good Buy Right Now?

May 20, 2020 admin Comments Off on Is NIO Stock a Good Buy Right Now?

Nio, Inc. (NYSE: NIO) is a Chinese holding company. It specializes in the design, manufacture, and the sale of electric vehicles (EVs). Therefore, investors may see Nio stock as a good alternative play to Tesla. Of course, Tesla is the famed EV manufacturer headed by the controversial mogul Elon Musk.
Investment U expert and Manward Press founder Andy Snyder calls Nio “The Tesla of China.” But Tesla will cost you over a whopping $800 for one share. On the other hand, Nio is a penny stock. And it sells for approximately a mere $3 on the New York Stock …read more […]

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Target profit sinks 64% as COVID-19 costs offset gains from sales surge

May 20, 2020 admin Comments Off on Target profit sinks 64% as COVID-19 costs offset gains from sales surge

“Last quarter was unlike anything I’ve ever seen,” Chief Executive Brian Cornell told reporters. Stay-at-home orders imposed to contain the virus powered a 141% jump in Target’s online comparable sales, accounting for almost all of its same-store sales growth. At the start of the quarter, Target, like Walmart, benefited from customers stockpiling staples and cleaning products, but as the lockdown extended and the stimulus checks arrived, demand rose for discretionary items including apparel. …read more […]