Lighthaven Capital to donate 25 per cent of performance fees to fund Covid-19 research
Tuesday, 19 May 2020, 13:12:24
Lighthaven Capital to donate 25 per cent of performance fees to fund Covid-19 research Submitted By James Williams | 19/05/2020 – 2:12pm Traditional long/short fund Lighthaven Capital has committed to help in the fight against coronavirus by donating 25 per cent of its performance fees to fund research into Covid-19. Here, Founder and CIO Eric Cheung explains how a forward-thinking outlook is key to the firm’s investment philosophy… Back in 2018, the warning signs that the US stock market was getting toppish were picked up on by Eric Chung, CIO and founder of San Francisco-based Lighthaven Capital Management, a traditional equity long/short fund. At the time, Chung noticed that the Shiller P/E ration of the S&P 500 was as high as it had ever been, other than during the ‘Dot Com’ boom. “That gave us some pause and we readied ourselves in the event there was some catalyst for a downturn. One such catalyst was the US China trade war. We hedged significantly in 2018 which helped us when the market fell in Q4; we ended the year up over 26 per cent,” says Chung.
The missing links to grading Harley Davidson’s EV pivot
Wednesday, 13 May 2020, 15:38:46
As Harley Davidson rounds year one on its electric debut, we’re still riding in the fog on how to evaluate the company’s EV pivot. The American symbol of gas, chrome, and steel released its first production electric motorcycle, the LiveWire last fall. The $29,799 machine is the first in a future line-up of EVs planned […]
Auto Stock Roundup: TSLA, HOG & CMI Top Q1 Earnings Estimates, F Incurs Loss
Monday, 4 May 2020, 10:37:00
While Tesla (TSLA), Harley Davidson (HOG) and Cummins (CMI), among others, manage to deliver Q1 earnings beat, Ford (F) posts wider-than-expected loss.
— Zacks Investment Research
4 Top Stock Trades for Wednesday: HOG, LUV, PEP, PFE
Tuesday, 28 April 2020, 21:03:34
PepsiCo, Harley-Davidson, Pfizer and Southwest Airlines were our top stock trades. That said, here’s a look at their post-earnings setups.
Harley-Davidson Stands Behind Electric Motorcycle Bet Despite COVID-19 Headwinds
Tuesday, 28 April 2020, 19:06:00
Harley-Davidson, the iconic American motorcycle maker, reaffirmed its commitment to electric models this week in a first-quarter earnings call overshadowed by COVID-19. The company launched its first electric motorcycle, the $29,799 LiveWire, last August. “We’ll expand our profitable iconic heritage bikes to excite our existing customers,” CEO Jochen Zeitz told investors this week. “We also remain committed to … advancing our efforts in electric,” he added, before the company revealed a 45 percent drop in quarterly profits. While unlikely to appeal to freewheeling Harley-Davidson purists, the LiveWire was drawing praise even before launch and has raised eyebrows since thanks to stunts such as beating a Tesla Model 3 in a drag race and travelling 1,000 miles in 24 hours (thanks to fast charging). Perhaps surprisingly given its classic heritage, Harley-Davidson is something of an early mover in the electric motorcycle market, compared to other traditional manufacturers. Other industry leaders such as Honda and Kawasaki also boast electric models, but to a large extent the nascent e-motorcycle market is occupied by electric-only startups such as Energica and Zero.
— Green Technology