New U.S. Commerce Secretary Wilbur Ross said President Donald Trump did not endorse a proposed border tax system on Tuesday in his first speech to Congress on Tuesday, despite a vow to level the tax playing field for U.S. companies that export. Ross, speaking to reporters after the speech, said that Trump was merely pointing out an export tax inequity between the United States and many other countries, not specifying how it should be remedied.
Category: Motorcycles
Harley-Davidson: Cramer’s Top Takeaways
Can government protection actually hurt American companies more than it helps? That was the question Cramer posited as he examined what, if anything, Donald Trump could do to help the likes of Harley Davidson . Trump recently met with Harley’s leadership in what was deemed a “listening session,” but Cramer noted that while both Harley and rival Polaris Industries , owners of the Indian motorcycle brand, saw sales revenue decline last quarter, it wasn’t because of foreign competition.
Polaris Industries Looks Ahead After a Tough Year
Let’s take a closer look at what drove Polaris’ business as it capped its latest fiscal year. Revenue included $108.7 million in sales from Polaris’ acquisition of Transamerican Auto Parts , which closed on Nov. 10. On an adjusted basis, which excludes purchase accounting adjustments and acquisition costs, net income was $76.1 million, or $1.18 per diluted share, roughly in line with expectations.
Why You Should Short Harley Davidson
The Harley Davidson rally run may be near an end. Shares of the iconic motorcycle manufacturer have formed a classic topping pattern on the daily chart.