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Tesla skids on downgrade; IBM weighs on Dow; Harley-Davidson revs up

Susannah Lee

Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

 

IBM

International Business Machines (IBM) weighed on the Dow Jones Industrial Average (^DJI). Big blue posted mixed second-quarter results. Earnings topped estimates by $0.06 a share. But revenue fell for the 13th straight quarter. Both the top and bottom lines were 13% lower than the same period, a year ago. IBM is in the process of trying to reinvent itself into a more software and cloud-base company.

 

Tesla 

Tesla (TSLA) skids after a bearish call on Wall Street. UBS downgraded the stock to a "sell" from "neutral" rating. The price target was also lowered by just $10 to $210 dollars a share. But that's still more than a 25% downside potential from the last closing price. The analyst, who made the call is expecting the electric car maker to miss its storage and auto volume growth forecasts. UBS is the third firm to downgrade Tesla, this month.

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Harley-Davidson

Harley-Davidson (HOG) was one of the few stocks going against the selling trend. Shares moved higher after the motorcycle maker beat second-quarter profit and sales expectations. The company posted earnings of $1.44 and revenue of $1.82 billion. Harley's CEO said they are "encouraged by the momentum at retail as the quarter progressed, both in the U.S. and internationally."