Source: Alex Erofeenkov / Shutterstock.com
So what exactly is it that has HOG stocks to take a dive on Friday? The problem is probably linked to coronavirus from China. Many companies have seen their shares fall because investors’ concerns are lowering them due to fears of the virus outbreak.
Of course, it would not be fair to fix the HOG stock‘s problem with the coronavirus alone. The company has handled many other problems. This includes declining sales over the years and the trade war with China. To conclude, CEO Matt Levatich announced last week that he was leaving the company.
While some investors may use the latest weakness to pick up stocks in HOG stocks cheaply, it may not be the best idea. With the current downward trend for the stock, there is no guarantee that it will see a sharp rise again after fear of coronavirus and other problems, says The Motley Fool.
While Harley-Davidson may not be the best company to invest in during the coronavirus scare, there are others with potential gains. These include companies such as Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX). You can follow this link to see other possible investments to investigate during the coronavirus outbreak.
The HOG share fell by 6.78% as of Friday afternoon.
At the time of writing, William White had no position in any of the above securities.