Posts Tagged ‘
WHR ’
Oct 29th, 2008 |
By William Patalon III |
Category: Financial News
Consumer Confidence at All-Time Low; Home Prices Continue Collapse; OPEC Still Not Satisfied; Whirlpool Circles the Drain; Optimistic Wall Street; Banks Balk on Buyout; Stop the Presses?
Tags: Consumer Confidence Index, Credit Suisse Group, CS, DB, Deutsche Bank Ag, DHX, GCI, Oil Market, Opec, US stocks, Wall Street Banks, Whirlpool Corp, WHR
Posted in Financial News |
Oct 28th, 2008 |
By Contrarian Profits |
Category: Financial News
Whirlpool Corp. (NYSE:WHR) announced it would cut 5,000 jobs by the end of 2009. America’s largest home appliance maker also lowered its earnings outlook after a 7% fall in Q3. This from Associated Press:
Whirlpool said the drop in profit reflects significantly higher material and oil-related costs and lower industry demand. U.S. industry unit shipments of major appliances declined 11 percent in the quarter.
Whirlpool said it now expects a profit of $5.75 to $6 per share for 2008, compared with its previous estimate of $7 to $7.50 per share.
Based upon its revised earnings expectations and the glum industry outlook, the company said it now expects to generate free cash flow of $50 million or less for the full year, well down from…
Tags: Adam Lass, Unemployment, US Jobless Rate, US recession, Whirlpool, WHR
Posted in Financial News |
Oct 3rd, 2008 |
By Adam Lass |
Category: Featured, Financial News
Consumer spending was flat in the US in August. Adam Lass says this zero means more than the much-hyped $700 billion figure currently grabbing the headlines.
The bottom line is consumers are running scared, and that is bad news for retailers and manufacturers.
Adam says Whirlpool (NYSE:WHR) and Sherwin-Williams (NYSE:SHW) are in for a particularly rough ride. Even ’safe’ stocks such as Sears (NASDAQ:SHLD) or Kohl’s (NYSE:KSS) could seriously hurt your portfolio in the coming months.
Tags: Adam Lass, CPI, deflation, KSS, PPI, SHLD, Us Inflation Rate, US Jobless Rate, US recession, WHR
Posted in Featured, Financial News |
Sep 11th, 2008 |
By Adam Lass |
Category: Featured, Financial News
As the housing market slumps it should take anything related to building or furnishing with it.
However, the stock of home appliance maker Whirlpool (NYSE:WHR) has risen 6.4% in the year to date despite razor thin margins and a wider downturn.
Wave Strength Options Weekly editor Adam Lass says this is a great opportunity to make at least 30% with a simple short play.
Buying strategic put options could increase these gains up to 118%.
Tags: Adam Lass, HD, LEN, US Foreclosures, US housing crisis, US recession, US stocks, WHR
Posted in Featured, Financial News |
Jul 11th, 2008 |
By William Patalon III |
Category: International Investing
Retailers Report 4.3% Bump in Sales; Toyota Changes Direction; Whirlpool Closes Two Factories; Brazil and Vietnam Come Together; GE Spin-Off; New Wachovia CEO; IAM Wants Fair Bidding; Oil Jumps Over $5 on Political Tension
Tags: BA, BJ, COST, Crude Oil Prices, GE, TM, US jobless rates, WB, WHR, William Patalon III, WMT
Posted in International Investing |
May 29th, 2008 |
By William Patalon III |
Category: Stock Market Investing
Since we started Money Morning last year, there’s been one key theme: The next generation of leading global companies will come from outside U.S. borders.
Tags: Appliance Business, Appliance Maker, Citigroup, CSElectrolux, ELUXY, GE, General Electric, GS, Haier Group, Home Appliance, JPM, LEH, LG, Lg Electronics, US stocks, WHR
Posted in Stock Market Investing |