#3 - Whirlpool Corporation (NYSE:WHR)
Whirlpool Corporation (NYSE: WHR) - Whirlpool was one of the big losers when the Trump tariffs were first announced. As their producer prices increased, Whirlpool – along with other appliance manufacturers - had to raise prices on their appliances. Not surprisingly, sales are struggling and were off -0.4% for the most recent quarter. As a result, the stock has been battered down over 20% for the year. However, the company recently got some good news when they were named the official kitchen and laundry appliance of Walt Disney Resort in Florida and Disneyland Resort in California. The agreement means that Whirlpool will provide its refrigerators, dishwashers, ovens, cooktops, microwaves and laundry products to these properties. Considering the number of guests that go through Disney properties on a yearly basis, the exposure should benefit the company and its family of brands. What will also benefit the company is the agreement to work with Disney Digital Network to help provide cooking and food-based content for Disney’s family of networks.
About Whirlpool
Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.
Read More - Current Price
- $111.18
- Consensus Rating
- Reduce
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $106.50 (4.2% Downside)
