What Happened?
Shares of home appliances manufacturer Whirlpool (NYSE:WHR) jumped 13.8% in the afternoon session after the company reported third-quarter earnings results. Whirlpool's full-year revenue forecast beat analysts' expectations. The results were impressive amid a challenging operating environment in North America, as the business continues to wait for a recovery in the US housing market. On the other hand, its full-year EPS outlook missed due to a non-cash charge related to an acquisition it made earlier in the year. Overall, this was a mixed quarter.
Is now the time to buy Whirlpool? Access our full analysis report here, it’s free.
What The Market Is Telling Us
Whirlpool’s shares are quite volatile and have had 15 moves greater than 5% over the last year. But moves this big are rare even for Whirlpool and indicate this news significantly impacted the market’s perception of the business.
Whirlpool is down 8% since the beginning of the year, and at $113.07 per share, it is trading 11% below its 52-week high of $127.05 from October 2023. Investors who bought $1,000 worth of Whirlpool’s shares 5 years ago would now be looking at an investment worth $704.32.
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.