Streetbeat News

WHR

Whirlpool Corporation

https://www.whirlpoolcorp.com

Industry

Furnishings, Fixtures & Appliances

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers. It markets and distributes its products primarily under the Whirlpool, Maytag, KitchenAid, JennAir, Amana, Roper, Affresh, Gladiator, Swash, everydrop, Speed Queen, Hotpoint, Bauknecht, Indesit, Ignis, Privileg, Consul, Eslabon de Lujo, Brastemp, Acros, Ariston, Diqua, and Royalstar brands. The company sells its products to retailers, distributors, dealers, builders, and other manufacturers, as well as directly to consumers. Whirlpool Corporation was founded in 1911 and is headquartered in Benton Harbor, Michigan.

Open

90.17

Mkt cap

Volume

967K

High

92.80

P/E Ratio

-15.50

52-wk high

135.49

Low

89.90

Div yield

0.08

52-wk low

84.18

The upcoming week's earnings reports from major companies like Tesla, Meta Platforms, Microsoft, and Alphabet are highly anticipated as they could influence the market's direction. FactSet's report indicates that S&P 500 companies' earnings surprises are at or above their 10-year averages, despite a slight decline in the combined earnings per share growth rate. The focus shifts to tech companies, with 158 S&P 500 companies, including 11 Dow 30 components, expected to release their earnings. Tesla is expected to report a downbeat quarter, while Microsoft, Alphabet, and Meta are anticipated to report strong results. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) have seen declines from their all-time highs.

Portfolio Pulse from Shanthi Rexaline

April 21, 2024 | 9:45 pm

Retail company shares are down due to market weakness after March inflation data exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:01 pm

Whirlpool Corporation has completed a strategic transaction with Arçelik A.Ş, creating Beko Europe B.V., a new European appliance company. Whirlpool now owns 25% of Beko Europe, while Arçelik holds 75%. Whirlpool retains ownership of InSinkErator and its EMEA KitchenAid businesses. Additionally, Whirlpool finalized the sale of its Middle East and North Africa business to Arçelik.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:11 am

Investors have shown a bearish stance on Whirlpool (NYSE:WHR), with options activity indicating a split sentiment of 36% bullish and 63% bearish. Benzinga's options scanner revealed 11 significant trades, focusing on a price band between $95.0 and $125.0. The trading volume and open interest trends suggest a keen market interest in WHR's options. Whirlpool's current stock position is at $111.18, with an upcoming earnings announcement in 28 days.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 5:45 pm

President Joe Biden's corporate tax overhaul, particularly the 15% Corporate Alternative Minimum Tax (CAMT) introduced in the 2022 Inflation Reduction Act, has impacted major companies like Duke Energy, Whirlpool, KKR & Co, and Blackstone in its first year. Despite the goal to close tax loopholes, the CAMT has faced criticism for its effectiveness. The Treasury Department supports increasing the CAMT rate to 21% and the main corporate tax rate to 28%. Companies have begun disclosing their CAMT liabilities amidst uncertainties and lack of detailed guidelines.

Portfolio Pulse from Vandana Singh

March 13, 2024 | 1:09 pm

Deckers Outdoor Corporation (NYSE:DECK) shares rose after the announcement of its inclusion in the S&P 500, replacing Whirlpool Corp. (NYSE:WHR) and Zions Bancorp (NASDAQ:ZION) along with Super Micro Computer, Inc. (NASDAQ:SMCI). DECK's year-to-date share growth exceeds 37%, with nearly 70% gains in 2023. Analysts have a positive outlook on DECK, with an average 12-month price target of $853.72, suggesting potential for further growth.

Portfolio Pulse from Erica Kollmann

March 04, 2024 | 6:53 pm

Super Micro Computer, Inc. (SMCI) is set to join the S&P 500 Index on March 18, alongside Deckers Outdoor Corp. (DECK), replacing Whirlpool Corporation (WHR) and Zions Bancorporation N.A. (ZIONS). Goldman Sachs initiated coverage on SMCI with a Neutral rating and a 12-month target price of $941. SMCI, a key player in AI infrastructure, has seen its shares surge nearly 1,000% in the past 14 months, outperforming Nvidia Corp. (NVDA). The company faces competition from DELL Technologies Inc. (DELL) and Cisco Systems Inc. (CSCO) as it expands into enterprise AI infrastructure.

Portfolio Pulse from Piero Cingari

March 04, 2024 | 2:34 pm

In the latest S&P 500 quarterly rebalance, Super Micro Computer, Inc. (SMCI) and Deckers Outdoor Corp. (DECK) were added to the index, replacing Whirlpool Corporation (WHR) and Zions Bancorporation (ZION), respectively. Palantir Technologies, Inc. (PLTR) was notably excluded from the S&P 500, disappointing investors. Following the announcement, SMCI and DECK saw significant after-hours trading gains, while PLTR experienced a decline.

Portfolio Pulse from Shanthi Rexaline

March 02, 2024 | 4:39 pm

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various expiration dates and strike prices for companies like TSLA, FL, LI, CPNG, GLBE, AMZN, ABNB, CVNA, WHR, and MMYT. This unusual options activity could suggest expectations of future stock price movements.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:35 pm

Whirlpool (NYSE:WHR) announced a quarterly dividend of $1.75 per share, with the ex-dividend date set for Thursday. Shareholders owning WHR by the end of Wednesday are eligible for the payout on March 15, 2024. The stock is expected to open $1.75 lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 2:45 pm

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