ย
Today we are watching…
1. Harley-Davidsonย (#harley)
Harleyโs customers are growing old and blind, their well-oiled gas-guzzlers sitting like ornaments in garages across the United States. The brand is struggling to get young guns interested in wearing full leather and riding Harleyโs, and sales have unsurprisingly been on the decline for years. The Invstr community holds an 83% bullish stance, but thatโs low in this bull market. In the last gasp for survival, the famous company has hired Jochen Zeitz with โproven turnaround skills.โ Heโs already told investors to forget about earnings per share numbers next quarter. The long-term strategy wonโt bear fruit overnight. Is he the man for the job?
2. Twitter (#twit)
Elliot Management, commanded by Wall Street raider Paul Singer, has bought a significant stake in Twitter. Thatโs why shares rose on Friday, not plummeting with the rest of the market. Itโs all being kept as hush-hush as possible, but insiders claim Singer is amassing a controlling stake in the company to force out the current CEO and co-founder, Jack Dorsey. Heโs one of Silicon Valleyโs most prominent personalities, but a poor manager according to his co-founder Ev Williams. Controversially, he also wants to live in Africa and runs Square, a growing mobile payment company. Investors wonโt get sentimental about Dorseyโs possible exit. They want profits, and Singer could be the man to get shares moving in the right direction.