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Does Harley-Davidson Stock Deserve a Place in Your Portfolio?

Published 12/21/2021, 10:28 AM
Updated 12/21/2021, 11:30 AM
© Reuters.  Does Harley-Davidson Stock Deserve a Place in Your Portfolio?
HOG
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Shares of renowned motorcycle manufacturer Harley-Davidson (NYSE:HOG) have been foundering lately due to macroeconomic headwinds and bearish investor sentiment. So, given surging market volatility amid the rapid spread of the COVID-19 omicron variant, will HOG be able to regain momentum soon? Read more to find out.Milwaukee, Wis.-based Harley-Davidson, Inc. (HOG) is the largest motorcycle manufacturer in the United States, with more than 100 years of experience. It has a market cap of $5.40 billion.

However, shares of HOG have slumped 20% in price over the past six months, given bearish investor sentiment surrounding the automobile industry. In comparison, First Trust NASDAQ Global Auto Index ETF (CARZ) has declined 1.9% over this period.

So, here is what we think could shape HOG’s performance in the near term:

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