AbbVie Inc. (ABBV), a Drug Manufacturers—General business, was a bullish stock in the prior market session. AbbVie Inc. (ABBV) shares opened at $90.00 and closed the day at $90.46 with positive move of +2.91%. The increase move in AbbVie Inc. (ABBV) beat the move in the S&P 500 for the day which losed -2.05% in prior market session.

AbbVie Inc. (ABBV) is focused on the Drug Manufacturers—General sector. This market sector has seen some action from day traders in recent months. Bullish day traders of AbbVie Inc. (ABBV) will be looking for positive upcoming earnings whereas bearish day traders of AbbVie Inc. (ABBV) will be looking for negative earnings. The last time AbbVie Inc. (ABBV) had an earnings surprise was on Qtr Ending 03/20 when they reported $2.42 compared to an estimate of $2.27 which was a difference of $+0.15 resulting in a change of +6.61%. Current earnings estimates are to be released for Current Qtr 06/2020 on AbbVie Inc. (ABBV) and out of 4 Wall Street estimates the average is saying $2.19. The high estimate is saying $2.27 whereas the low estimate is saying $2.11 and the prior year AbbVie Inc. (ABBV) announced earnings at $2.26 a growth rate est. (year over year) of -3.10%.

The market performance of AbbVie Inc. (ABBV) has varied recently. Year to date AbbVie Inc. (ABBV)’s shares are down -0.72%. Over the past 12 weeks AbbVie Inc. (ABBV) is down -6.54% and over the last 4 weeks AbbVie Inc. (ABBV) is up 9.46%. AbbVie Inc. (ABBV) current income statement shows revenue (ttm) of $34.06B. Gross Profit is $25.83B. This puts the current EBITDA of AbbVie Inc. (ABBV) at $16.02B.

Wall street day traders might also notice recent changes to stock analyst estimates for AbbVie Inc. (ABBV). The stock is trading with an RSI (relative strength index) of 64.66 indicating AbbVie Inc. (ABBV) is neither overbought nor oversold. Technically, ABBV’s short term support levels are around $14.51, $13.98 and $13.01 on the downside. ABBVs short term resistance levels are $23.50, $22.70 and $22.24 on the upside. The market cap of AbbVie Inc. (ABBV) is $159.421B and institutions hold 76.76% of the stock. The outstanding share count stands at 1.48B while the short float (shares short) stands at 5.74%.

Research indicates that these financial estimate changes look to be directly correlated with short-term shares prices. The day traders can look to capitalize on the basis of ranking. Based on technical analysis, ABBV has short term rating of Bullish (0.25), Intermediate rating of Neutral (0.02) and the long-term rating of Bullish (0.31) giving it an overall rating of Neutral (0.19).

The EPS growth this year on AbbVie Inc. (ABBV) is increased 42.30% and is expected to increase 7.41% next year. However, quarterly earnings (EPS) growth year over year on AbbVie Inc. (ABBV) has increased by 22.50% and quarterly revenue (Sales) growth year over year stands at 10.10%. Gross margin is detected at 77.10% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 25.20% while return on equity (ttm) is -103.70%.

Recent Developments:

2020-05-08 – Abbvie Says Borrowed $3.0 Bln Under Term Loan Credit Agreement.
2020-05-06 – Abbvie Says Allergan CEO Brent Saunders Has Elected Not To Join Abbvie Board.
2020-05-01 – Abbvie Says Saw Modest Impact To New Patient Starts For Some Drugs Due To COVID-19 Restrictions: Q1 Conf Call.
2020-05-01 – Abbvie Reports Qtrly Adjusted Earnings Per Share $2.42.
2020-04-21 – FDA approves ibrutinib plus rituximab for chronic lymphocytic leukemia.

The new executive director of the International Monetary Fund, Kristalina Georgieva, gave her first public speech in her position and made reference to countries that have programs with the organization, such as Argentina. She said the IMF comes in “very desperate situations,” with a wallet, but with a brain and “a beating heart.

Georgieva, a Bulgarian economist, and sociologist who formally replaced Christine Lagarde on Oct. 1, delivered her message days before the IMF’s annual meeting, which begins next week in Washington, where finance ministers and central bank presidents from around the world, including Hernán Lacunza and Guido Sandleris, will meet.

The executive director gave a message about the global economic outlook, but in a later talk with Bloomberg editor Tom Keene, she referred to countries that have IMF programs, including Argentina.

“The Fund comes at a time when there are very desperate situations, there are risks, and it works with the country to reverse that moment. My country (Bulgaria) was one of them. Of course it’s hard, but we must think what would happen if the Fund were not there, what would be the devastation of a completely ruined economy, with no hope of being rebuilt. What I would like to do in countries with programs is what Christine Lagarde defined in her exit from the IMF: a wallet, a brain, but above all a beating heart.

Georgieva is well aware of the case of Argentina, as it will have to renegotiate the 57 billion loan it granted to the country, the largest in the history of the organization. As soon as she was voted by the executive board, the official met on Sept. 25 with Minister Lacunza, who was in Washington for negotiations on the standby loan. In fact, although with a protocol tone, it was the first meeting of his administration. Georgieva then told the minister that Argentina was at the top of the IMF’s priorities and that they would work together to understand the country’s economic and political difficulties.

In her public debut in her new position, Georgieva set the guidelines for the issues to be discussed at the annual meeting of the IMF and the World Bank, which will begin next week in Washington.

Georgieva said that two years ago the world economy was in a period of “synchronized boom”, since almost 75% of the world was in a phase of acceleration. However, he said the IMF predicts that by 2019, growth will slow in nearly 90 percent of the world. So, he said, “the world economy is now in a period of synchronized slowdown.

He explained that while unemployment in the United States and Germany is at an all-time low, advanced economies, including the United States, Japan, and, especially, the euro zone, are still seeing a moderation in economic activity.

“In some of the major emerging market economies, such as India and Brazil, the slowdown is even more pronounced this year,” he added. And he also noted that growth in China is gradually slowing from the rapid pace it has been for many years.

“In a trade war, everyone loses. For the global economy, the cumulative effect of trade conflicts could mean a loss of about US$ 700 billion by 2020, about 0.8% of GDP,” he said, urging world leaders: “We must work together now and find a lasting solution to trade.

The Bulgarian-born official added a personal note to her speech: “When it comes to improving people’s lives, hard work starts at home. I learned this lesson firsthand as I grew up behind the Iron Curtain. I was a witness, I felt the high cost of inappropriate policies,” she said. She explained what the IMF considers economic policy priorities that countries should adopt to achieve “more vigorous and resilient growth:

2) Use of fiscal tools. “Now is the time for countries with a margin in their budgets to make use of their fiscal capacity or prepare to do so,” he said. He warned that, in any case, in all countries, debt and deficit reduction must always be carried out in a way that protects education, health and employment.

3) Implement structural reforms for future growth. Georgieva mentioned the challenge of labor automation, anti-corruption legislation, reduction of bureaucracy, but also the empowerment of women as a structural change. He cited as an example the case of Chile, where childcare programs increased women’s participation in the labor force and stimulated economic activity.

Harley-Davidson, Inc. (HOG), a Recreational Vehicles corporation, was a bullish stock in the prior session. Harley-Davidson, Inc. (HOG) stock opened the day for trading at $24.04 and closed the day at $21.83 with negative move of -10.39%. This decrease movement lagged the Nasdaq, a tech-heavy index, lose of -0.28% for the prior day.

Harley-Davidson, Inc. (HOG) is focused on the Recreational Vehicles sector. This sector has seen some volatility from day traders in recent weeks. Bullish day traders of Harley-Davidson, Inc. (HOG) will be looking for positive upcoming earnings whereas bearish day traders of Harley-Davidson, Inc. (HOG) will be looking for negative earnings. The last time Harley-Davidson, Inc. (HOG) had an earnings surprise was on Qtr Ending 03/20 when they reported $0.51 compared to an estimate of $0.48 which was a difference of $+0.03 resulting in a change of +6.25%. Current earnings estimates are to be released for Current Qtr 06/2020 on Harley-Davidson, Inc. (HOG) and out of 6 Wall Street estimates the average is saying $0.11. The high estimate is saying $0.31 whereas the low estimate is saying -$0.23 and the prior year Harley-Davidson, Inc. (HOG) announced earnings at $1.46 a growth rate est. (year over year) of -92.47%.

The market performance of Harley-Davidson, Inc. (HOG) has varied recently. Year to date Harley-Davidson, Inc. (HOG)’s shares are down -41.30%. Over the past 12 weeks Harley-Davidson, Inc. (HOG) is down -36.73% and over the last 4 weeks Harley-Davidson, Inc. (HOG) is up 35.59%. Harley-Davidson, Inc. (HOG) current income statement shows revenue (ttm) of $5.28B. Gross Profit is $1.62B. This puts the current EBITDA of Harley-Davidson, Inc. (HOG) at $759.45M.

Wall street day traders might also notice recent changes to stock analyst estimates for Harley-Davidson, Inc. (HOG). The stock is trading with an RSI (relative strength index) of 53.24 indicating Harley-Davidson, Inc. (HOG) is neither overbought nor oversold. Technically, HOG’s short term support levels are around $3.54, $2.82 and $1.97 on the downside. HOGs short term resistance levels are $6.00, $5.50 and $5.32 on the upside. The market cap of Harley-Davidson, Inc. (HOG) is $3.343B and institutions hold 98.89% of the stock. The outstanding share count stands at 153.87M while the short float (shares short) stands at 11.71%.

Stock market research indicates that these financial estimate changes look to be directly correlated with short-term stock prices. The day traders can look to capitalize on the basis of ranking. Harley-Davidson, Inc. (HOG) has short term rating of Neutral (0.18), Intermediate rating of Neutral (0.02) and long-term rating of Very Bearish (-0.50) giving Harley-Davidson, Inc. (HOG) an overall rating of Neutral (-0.10).

The EPS growth this year on Harley-Davidson, Inc. (HOG) is decreased -16.10% and is expected to increase 118.03% next year. However, quarterly earnings (EPS) growth year over year on Harley-Davidson, Inc. (HOG) has increased by 54.50% and quarterly revenue (Sales) growth year over year stands at -6.40%. Gross margin is detected at 35.80% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 7.90% while return on equity (ttm) is 23.10%.

Recent Developments:

2020-04-28 – Harley-Davidson Says May Need to “De-Emphasize” From Some International Markets – Conf Call.
2020-04-28 – Harley-Davidson Announces Q1 GAAP Earnings Per Share $0.45.
2020-04-16 – Lawrence Hund Promoted To Chief Commercial Officer Of Harley-Davidson Motor Company.
2020-04-15 – Harley-Davidson Says Significantly Reducing All Non-Essential Spending.
2020-03-30 – Harley-Davidson Entered Into Settlement Agreement With Impala Fund And Impala Asset Management Llc – SEC Filing.

About Company:

Milwaukee, WI-based Harley-Davidson, Inc. is the parent entity of company groups doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The two reportable segments of the company are:The Motorcycles and Related Products segment ( accounting for 87% of total revenues in 2019) consists of HDMC that designs, manufactures and sells Harley-Davidson motorcycles (currently comprising cruiser and touring models among others) along with motorcycle parts, accessories, general merchandise and related services.