Why Harley-Davidson, Inc. (HOG) Went Up on Monday

We recently compiled a list of the 10 Firms Buck Market Bloodbath on Monday. In this article, we are going to take a look at where Harley-Davidson, Inc. (NYSE:HOG) stands against the other stocks.

The stock market suffered a bloodbath anew on Monday, with the Nasdaq plunging to its worst level in three years over concerns about the health of the US economy after the Trump administration acknowledged the possibility of a potential rough patch.

The tech-heavy Nasdaq fell the heaviest, down 4 percent, followed by the S&P 500, which declined by 2.7 percent. The Dow Jones, for its part, dropped by 2.08 percent.

Meanwhile, 10 companies managed to book modest gains, bucking the broader market caution. We have identified the names that led the charge and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with $2 billion in market capitalization and $5 million in trading volume.

A row of motorcycles parked outside a motorcycle dealership, advocating the brands’ presence in the market.

Harley-Davidson, Inc. (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOG) extended its winning streak for a fourth straight day on Monday, adding 4.02 percent to finish at $27.14 apiece as investors resorted to bargain-hunting after touching a new record low last week.

Over the past few trading days, Harley-Davidson, Inc. (NYSE:HOG) traded at low levels mainly due to a broader pessimistic sentiment as a result of the ongoing trade war and concerns about the further impact of tariffs on its already dwindling sales.

Last year, Harley-Davidson, Inc. (NYSE:HOG) reported disappointing earnings performance, with net income attributable to the company declining by 36 percent to $455 million last year from $707 million in 2023, while swinging to a net loss of $117 million in the fourth quarter from the $26 million net profit in the same period a year earlier.

Revenues for the full year also dropped by 11 percent to $5.187 billion from $5.836 billion, while revenues in the fourth quarter declined by 35 percent to $688 million from $1.05 billion.

Overall HOG ranks 9th on our list of Monday’s top gainers. While we acknowledge the potential of HOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HOG but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.