Whirlpool Stock News

The market is caught between excitement over Fed rate cuts and nervousness over weakening consumer trends, unemployment, and falling wage growth. I've been discussing the ongoing economic weakening, declining consumer spending power, and labor market struggles for months. I discuss my call for a 2024 recession, data on weakening consumer trends, the impact of Fed rate cuts on big tech, and a ca...

Home prices are near all-time highs, but home sales have dropped sharply in recent years. Many investors expect interest rates to come down later this year, which could reinvigorate the housing market.

BALTIMORE , Aug. 1, 2024 /PRNewswire/ -- Whirlpool brand is taking the field as the proud founding partner of the Premier Lacrosse League's Maryland Whipsnakes during its homecoming weekend at Homewood Field in Baltimore from August 3-4, 2024. The Whirlpool brand partnership with the Maryland Whipsnakes expands upon the brand's three-year partnership with the Premier Lacrosse League (PLL).

Management was expecting a more favorable interest rate environment in 2024. A weak housing market has shifted revenue streams toward less profitable replacement demand, causing margin pressure and making Whirlpool's promotional activity ineffective.

Whirlpool stock surged to $115 on buyout rumors, now around $100, presenting a buying opportunity. Q2 earnings show progress in cost reduction, debt payment, and potential for increased profits with strategic moves. Dividend yield of 7% is attractive, well-covered by expected earnings and potential for growth, but downside risks include recession and macroeconomic concerns.

24/7 Wall St. Insights Dividend stocks will outperform when the Federal Reserve starts to lower rates in September.

Whirlpool Corporation (NYSE:WHR ) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Marc Bitzer - Chairman, Chief Executive Officer James Peters - Chief Financial Officer, Chief Administrative Officer Scott Cartwright - Head of Investor Relations Conference Call Participants Sam Darkatsh - Raymond James Mike Dahl - RBC Capital Markets Susan Maklari - Goldman Sachs D...

-- Sequential margin expansion globally and in MDA North America, driven by MDA North America promotional pricing actions -- Solid performance in SDA Global, MDA Latin America, and MDA Asia, all delivering double-digit net sales growth in the quarter -- Continued progress toward cost take out goals; on track to deliver $300-$400 million in 2024 -- Q2 GAAP net earnings margin of 5.5%; GAAP earni...