Why Harley-Davidson, Mattel, and Under Armour Stocks Opened Lower Today [The Motley Fool]
Under Armour, Inc. Class C (UA)
Last under armour, inc. class c earnings: 2/11 06:55 am
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Source: The Motley Fool
Rich Smith(TMFDitty)Author BioFollow @@RichSmithFoolWhat happenedWednesday opened bleak and foreboding for investors in theretail and consumer goodsIn the first hour of trading alone, we already see shares of motorcycle makerHarley-DavidsonNYSE:HOGMattelNASDAQ:MATUnder ArmourNYSE:UANYSE:UAAWhy?Image source: Getty Images.So whatLet me first set your mind at ease: There is no newsspecific tocoronavirus-plaguedAnd yet, bad news still may be in the forecast. This morning, the U.S. Commerce Department issued its update on March retail sales in the U.S., announcing a seasonally adjusted 8.7% plunge in sales -- "the biggest month-on-month decline in retail spending since the Commerce Department started the data set in 99," saysThe Wall Street Journal.Year over year, retail sales in March were down 6.%.Now whatWhat does this mean for shares of Harley, Mattel, and Under Armour in particular? Well, the Commerce report noted that motor vehicle sales declined .6% month over month, which bodes poo
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