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Actionable news in HOG: HARLEY-DAVIDSON Inc,

Investors Should Steer Clear of Harley-Davidson, Despite Tuesday Gains

Harley-Davidson (HOG) Tuesday reported third-quarter earnings, and investors sent a clear signal: Although revenue is declining, they were crazy about the stock. Shares rose 9% during Tuesday's session.

But that doesn't mean others should follow. Harley-Davidson stock is unlikely to head much higher. Demand for the company's big, powerful motorcycles is questionable, and the company has been slow to develop an electric-powered bike.

Harley-Davidson is one of the country's most iconic brands, with a 113-year history. It's the fifth-largest motorcycle manufacturer in the world, but it has a...