IBM (IBM) Down as Profits Fall

Markets were down on slightly slower than average trading. The Dow dipped 13.73 points and fell slightly, dropping 0.08% on the day. It closed at 17,217.11 points. The NASDAQ led the day in losses, and fell by 0.50%. It closed the day down 24.50 points at 4,880.97. The S&P 500 split the difference, falling 2.89 points to close at 2,030.77.

Harley Davidson (HOG) Falls on Increasing Competition

According to the latest earnings report, Harley Davidson (HOG) has seen struggling sales due to higher competition in its niche.
As other bike makers step up and create direct competitors to the signature Haley product line, the venerable American motorcycle manufacturer is beginning to fall behind.

While the reasons behind the sales slump aren’t entirely apparent, motorcycle sales as a whole haven’t fallen as much as Harley’s sales would indicate if times were good. In trading today, Harley Davidson saw share prices drop. They plunged nearly 14%, dipping 7.80 points to close out the day at $48.25.

IBM (IBM) Down as Profits Fall

Shares of IBM (IBM) were down today, as the latest earnings report indicates that profits are falling. In a phone call with investors today, IBM announced that profits were being adjusted downward. The long-term outlook on IBM grew a little dimmer today, and the company will likely lay off workers in the short-term in an attempt to boost profits.

Monster Beverage (MNST) Soars as McDonald’s (MCD) Starts Testing

McDonald’s (MCD) might be struggling to hold onto market share, but they still have enough clout to drive soft drink sales up. That was the case today, when the fast food company announced that it was previewing sales of Monster Beverage (MNST) products in some of its stores.

In trading today, shares of Monster were up while McDonald’s continued to fall. Monster Beverage posted a gain of 6.91 points and closed at $139.61 per share. McDonald’s ended the day down 0.62%, or 0.65 points.

Chipotle (CMG) Has Worst Sales Performance in Two Years

Chipotle (CMG) has been known these past few years for their aggressive growth, but that pattern could be coming to an end. Chipotle announced that year over year profitability is on the downswing, and have forecast only 12% growth for this quarter. Customers responded predictably, selling off shares today and driving the price of the burrito chain down.
Published on Oct 20, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2020. Content published with author's permission.

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