Why Whirlpool Shares Surged Today
Shares in appliance maker (NYSE: WHR) were up as much as 9.1% in early trading today. The move comes after a significant de-escalation in the trade conflict between the U.S. and China, as both countries agreed to 90 days of easing tariffs on each other. It's a positive for companies seen as sensitive to a trade war, and Whirlpool is one of them.
The repercussions for Whirlpool are complicated, and the outcome is unclear. There are a few key considerations.
First, as previously discussed, Whirlpool's management believes it's likely to be a net winner from the tariffs, so it logically follows that a de-escalation might not necessarily be good news for the company.
Source Fool.com
Whirlpool Corp. Stock
€56.82
0.320%
Our community is currently low on Whirlpool Corp. with 3 Buy predictions and 6 Sell predictions.
On the other hand, the target price of 70 € is above the current price of 56.82 € for Whirlpool Corp., so the potential is actually 23.2%.
