Why Whirlpool Stock Is Down Big Today
Tariffs and trade wars are eating into business at (NYSE: WHR), causing the company to miss expectations. Investors are worried there is no quick fix, sending Whirlpool shares down 11% as of 10:30 Eastern.
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Whirlpool is one of the potential long-term winners from a trade war, with a relatively large U.S. manufacturing footprint and a business vulnerable to foreign competition. But the tariffs have been more talk than action so far, and that is weighing on returns.
Source Fool.com
Whirlpool Corp. Stock
€58.46
0.240%
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 58.46 € for Whirlpool Corp., so the potential is actually 19.74%.
