AMGN - Hot Stocks: HOG AMGN rise after earnings; KKR drops; VLDR deal with AMZN; EDIT dumps medical chief
Earnings news provided a crucial catalyst during Tuesday's midday action. Harley-Davidson (NYSE:HOG) was one of the standouts, posting a double-digit percentage gain as it was able to top expectations despite headwinds from higher costs. Amgen (NASDAQ:AMGN) also rallied following the release of its financial figures. Investors focused more on an aggressive share buyback program, rather than on soft guidance included in its quarterly update. Earnings news had the opposite impact on KKR (NYSE:KKR). Shares of the investment firm dropped in the wake of its quarterly report. In other news, Velodyne Lidar (NASDAQ:VLDR) got a boost from a new tie-up with Amazon. Meanwhile, Editas Medicine (NASDAQ:EDIT) declined after it terminated one of its top executives. Gainers Harley-Davidson (HOG) rallied nearly 15% following the release of quarterly results. The motorcycle maker's margins were squeezed by higher EU tariffs and supply chain headwinds, but the firm was still able to top expectations with
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Hot Stocks: HOG, AMGN rise after earnings; KKR drops; VLDR deal with AMZN; EDIT dumps medical chief