Jul. 23, 2014, 6:04 AM
Jul. 22, 2014, 5:30 PM
Jul. 17, 2014, 3:58 PM
Jul. 15, 2014, 1:57 PM
- Shipments of major home appliances rose 11.3% Y/Y to 7.51M units in June, according to industry tracking.
- The development could bode well for Whirlpool (WHR +0.3%).
- On the other side of the equation, electronics and appliance stores (BBY, CONN, HGG) sales rose only 0.1% M/M in June. The annualized rate is well- below the pace of shipments.
Jul. 14, 2014, 10:14 AM
- Fitch Ratings places the ratings on Whirlpool (WHR -1.1%) on Rating Watch Negative due to the company's move to acquire a majority interest in Indesit.
- Though the ratings agency sees the acquisition as "strategically positive" for Whirlpool, the projected increase in leverage from pumped up debt level is a cause for concern.
- The Rating Watch Negative stance could be lifted after the transaction closes and Fitch review Whirlpool's financials.
Jul. 11, 2014, 10:43 AM
- Whirlpool's (WHR +1.9%) purchase of a large stake in Indesit will help it come close to doubling the company's presence in Europe.
- Indesit appliance brands include Indesit, Hotpoint and Scholtes
- Though Whirlpool has closed several plants in Europe over the last few years, it sees pockets of strength emerging and views the Indesit purchase as a quick entry into new categories.
Jul. 11, 2014, 8:06 AM| Comment!
May 13, 2014, 9:39 AM| Comment!
May 13, 2014, 9:00 AM
- A disappoint read on retail sales from April's report could reset some expectations in the sector after analysts overestimated consumer demand.
- The electronics and appliance store category (RSH, BBY, CONN, WHR) saw sales fall 2.3% M/M and 1.5% Y/Y.
- Clothing and clothing accessory stores (AEO, GPS, BKE, TLYS, ANF, ANN, LB, ARO, GES, CATO) registered a 1.2% M/M and 1.1% Y/Y gain in sales which didn't show the snap-back from soft winter traffic patterns forecast by some.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD, PEZ, PSCD
May 12, 2014, 10:08 AM
- Whirlpool (WHR +1.9%) says it will reaffirm previous guidance when it presents at the J.P. Morgan Homebuilding & Building Products Conference later this week.
- Current FY14 EPS guidance from Whirlpool is at $12.00-$12.50 vs. $12.35 consensus.
- The company's comments on demand trends will be closely watched even without the sales and profit projections being altered. In the past, execs have made some sweeping statements on the housing market which have caught notice.
Apr. 25, 2014, 6:25 PM
- Investors reacted to Whirlpool's (WHR) Q1 earnings report with a collective shrug, but Barron's says the appliance giant remains worth buying, offering sales growth, a buyback program and pent-up demand.
- U.S. demand for household appliances is increasing due to an improving economy and growing numbers of young people finally able to move out of their parents' homes, Johanna Bennett writes; with cost cutting, WHR is poised to grow profits at a clip that could average 20%-plus annually over the next few years.
- With that kind of profit growth ahead and a 2% dividend yield, the stock deserves better than the current multiple of ~12.6x 2014 earnings it now fetches.
Apr. 25, 2014, 6:03 AM
Apr. 25, 2014, 12:05 AM
Apr. 24, 2014, 5:30 PM
Apr. 16, 2014, 8:18 AM
- A strong month for retail sales in China could bode well for U.S. companies relying on a vibrant consumer in the region. March's pace of 12.2% growth beat estimates.
- During Q1, China's retail sales increased 12% Y/Y to 6.21T yuan ($1.01T).
- A cross-section of some firms looking at China for growth includes Yum Brands (YUM), Whirlpool (WHR), Avon Products (AVP), Ford (F), Ralph Lauren (RL), and Procter & Gamble (PG).
Apr. 15, 2014, 7:57 AM
WHR vs. ETF Alternatives
Whirlpool Corp is a manufacturer and marketer of home appliances. It produces and sells washers, dryers, refrigerators, air conditioners, dishwashers, freezers, microwave ovens, ranges, air purifiers, and other typical household appliances.
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