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Stock Market & Financial Investment News

News Breaks
December 19, 2012
14:50 EDTWHRWhirlpool: Department of Commerce finds foreign manufacturers guilty of dumping
The U.S. Department of Commerce gave its final ruling in a case involving imports of large residential washers from South Korea and Mexico, Whirlpool announced. The DOC concluded that foreign manufacturers, including LG and Samsung, are dumping large residential washers into the U.S. market, violating U.S. and international trade laws. The DOC announced the following dumping margins for South Korean Producers: LG, 13.02%; Samsung, 9.29%; and Daewoo, 82.41%. The DOC announced the following dumping margins for Mexican producers: Samsung, 72.41%; Electrolux, 36.52%; and Whirlpool, 72.41%. Whirlpool said it has discontinued its shipments of washers from Mexico for sale in the U.S.; thus, no cash deposits will be required. In a separate case, the DOC ruled that unlawful subsidies were provided on the same products from South Korea and the DOC determined countervailing duty margins of 72.30% for Daewoo and 1.85% for Samsung, according to Whirlpool.
News For WHR From The Last 14 Days
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July 23, 2014
10:34 EDTWHRWhirlpool expects 2H14 earnings to ramp-up
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09:55 EDTWHRWhirlpool sees FY14 free cash flow $600M-$650M
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09:17 EDTWHROn The Fly: Pre-market Movers
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09:08 EDTWHRWhirlpool should be bought on weakness, says Sterne Agee
After Whirlpool reported weaker than expected results, Sterne Agee thinks the stock remains undervalued.
06:15 EDTWHRWhirlpool lowers FY14 ongoing business EPS view to $11.50$12.00
The company had seen FY14 ongoing business EPS of $12.00-$12.50, consensus $12.16.
06:10 EDTWHRWhirlpool reports Q2 ongoing business EPS $2.44, consensus $2.91
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July 22, 2014
15:30 EDTWHRNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
14:03 EDTWHRWhirlpool technical comments before earnings
On a long-term technical basis the shares have a large bearish pattern on the weekly chart, a double top. The major initial downside objective for this pattern is at the $125 area. This is the base of the mid-portion of the familiar "M" shape of the double top. On negative news, it is possible that that area could be tested once again. A move below the $125 area would set the shares on a path to long-term bearish for price trend. On better news, the $147.50 area would be initial resistance. On an increasing scale of positive surprise, next upside objectives would be at $151.84 and $156.66.
July 21, 2014
06:47 EDTWHRWhirlpool seeking ban on class action lawsuits over Energy Star, NY Times says
Whirlpool is asking Congress to ban class action lawsuits related to Energy Star, a federal program that is supposed to identify products that are energy efficient, according to The New York Times. The company is threatening to withdraw from the program is such a bill isn't passed, the newspaper stated. Class action lawsuits were filed against Whirlpool and other companies after it was revealed that many products identified as energy efficient by the program did not deserve the designation, the newspaper stated. A member of Congress whose district includes several Whirlpool factories has introduced legislation that would prohibit class action lawsuits related to Energy Star if the EPA makes its own remedies for the oversights, The Times reported. Reference Link
July 15, 2014
13:23 EDTWHRU.S. major home appliance shipments rose 11.3% in June, Bloomberg reports
The Association of Home Appliance Manufacturers reported that U.S. shipments of major home appliances rose 11.3% in June to 7.51M units, Bloomberg reports. Shipments of washers, dryers, dishwashers, refrigerators, freezers, ranges and ovens rose 7.9% to 4.4M units.

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