Here's Why Whirlpool Stock Broke Down Today
Shares in household appliances company (NYSE: WHR) declined by more than 5.5% by 3 p.m. ET today. Outside a rise in market interest rates (the 10-year Treasury rate is now up to almost 4.5%, putting pressure on interest rate-sensitive stocks like Whirlpool), there's no stock-specific reason for the decline.
Investors in Whirlpool can expect more volatility leading up to its second-quarter earnings report on July 29. While the stock has had an impressive run-up over the last three months (up 26%), it still faces significant near-term headwinds. Not only are interest rates stubbornly high and negatively impacting the housing market and therefore, demand for higher-margin discretionary purchases of household appliances, but the tariff conflict and the fear of further tariffs have likely caused Asian competitors to push products into the U.S. market.
It all creates an uncertain near-term trading environment in a company with a dividend that cost $384 million in cash last year, $4.8 billion in debt (with $1.85 billion maturing in 2025), and pressure on its full-year guidance for $500 million to $600 million in free cash flow in 2025.
Source Fool.com
Whirlpool Corp. Stock
With 7 Sell predictions and only 2 Buy predictions the community sentiment for Whirlpool Corp. is rather negative.
A slightly negative potential of -9.66% at a current price of 73.06 € for Whirlpool Corp. is the result of a target price of 66 €.
