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WHR

Whirlpool

$128.07

-6.24 (-4.65%)

06:21
05/14/19
05/14
06:21
05/14/19
06:21

Whirlpool CEO says tariffs on appliance imports 'helped employment', WSJ says

Whirlpool CEO Marc Bitzer, who lobbied the Trump administration to implement tariffs on washing machines that took effect in January 2018, defended the levies and also discussed keeping factories in the U.S., online reviews and internet-connected devices, the Wall Street Journal's Austen Hufford reports, citing Bitzer. "Take any of our products, 60% to 70% of product cost is material cost. Over the last two years we had more than $600M in material-cost inflation. There's just not enough margin in our business to just absorb it. So we had to pass on that cost. So to now say, well the safeguard measures drove the price, is just not a reflection of reality, because we're material-cost driven. We would have raised prices with or without safeguard measures," he said. "What the safeguard measures did, they made sure that foreign competitors had to onshore production. So it actually helped employment. And in our case it also helped us expand employment as opposed to losing employment. We welcome competitors competing on the same level we do. If you produce a washing machine in China, Vietnam, you benefit from subsidized steel. So, for us, yes there is a benefit of having our competitors producing in the United States with the same material cost, same conditions we are, same labor measures, same labor laws. That is fair competition." Reference Link

  • 23

    May

WHR Whirlpool
$128.07

-6.24 (-4.65%)

04/15/19
BUCK
04/15/19
NO CHANGE
Target $135
BUCK
Neutral
AHAM 6 appliance shipments drop 6% in March, says Buckingham
The Association of Home Appliance Manufacturers reported March appliance shipments were down 6% while total appliances were down 4%, Buckingham analyst Megan McGrath tells investors in a research note titled "AHAM Data for March Continues To Reflect Tariff." The overall unit decline was generally in line with the analyst's expectations, but she notes that weakness in the month extended beyond the Laundry category, which she calls "somewhat surprising." McGrath maintained her 4% North America revenue growth estimate for Whirlpool's Q1, as she continues to expect the company to outperform industry data and benefit from higher pricing. The analyst keeps a Neutral rating on Whirlpool with a $135 price target.
05/10/19
LBOW
05/10/19
UPGRADE
LBOW
Buy
Whirlpool upgraded to Buy from Neutral at Longbow
05/10/19
LBOW
05/10/19
UPGRADE
Target $178
LBOW
Buy
Longbow says NA margin fears misguided, upgrades Whirlpool to Buy
As previously reported, Longbow analyst David MacGregor upgraded Whirlpool to Buy from Neutral stating that he sees earnings upside from better than expected North American margin performance, a "gradually improving" environment in the EMEA and a favorable cyclical turn in Latin America. The stock is pricing in a substantial 2019/2020 EPS deterioration, but he views this as overly bearish and thinks the bear thesis built on expectations for deteriorating NA margins is "misguided." MacGregor, who raised his EPS forecasts for Whirlpool, set a $178 price target on the shares.
05/10/19
05/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. 3D Systems (DDD) upgraded to Neutral from Underweight at JPMorgan with analyst Paul Coster noting the stock is down 25% this week after posting "lackluster" Q1 results. 2. Jones Lang LaSalle (JLL) upgraded to Buy from Neutral at Goldman Sachs with analyst Andrew Rosivach saying the company's earnings declined in Q1 due to tough comps, but this should reverse quickly. 3. Ford (F) upgraded to Buy from Neutral at BofA/Merrill with analyst John Murphy stating the company's earnings are starting to hit a "sustainable inflection" due to favorable product cadence in the North America market and its restructuring efforts. 4. Whirlpool (WHR) upgraded to Buy from Neutral at Longbow with analyst David MacGregor seeing earnings upside from better than expected North American margin performance, a "gradually improving" environment in the EMEA and a favorable cyclical turn in Latin America. 5. Anthem (ANTM), Centene (CNC), and UnitedHealth (UNH) upgraded to Buy from Neutral at Citi with analyst Ralph Giacobbe the magnitude of the selloff in managed care stocks on fears of Medicare for All has been "extreme and overdone". This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ROLL

RBC Bearings

$140.52

1.84 (1.33%)

16:47
05/23/19
05/23
16:47
05/23/19
16:47
Hot Stocks
RBC Bearings announces $100M share repurchase program »

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DVAX

Dynavax

$6.36

(0.00%)

16:47
05/23/19
05/23
16:47
05/23/19
16:47
Hot Stocks
Dynavax to restructure to focus on vaccine business »

Dynavax Technologies…

03/08/13
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  • 30

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    Jun

CNC

Centene

$55.45

-1.33 (-2.34%)

, WCG

WellCare

$274.46

-3.54 (-1.27%)

16:45
05/23/19
05/23
16:45
05/23/19
16:45
Hot Stocks
Centene, WellCare announce special meeting date, transaction to close by 1H20 »

Centene (CNC) and…

CNC

Centene

$55.45

-1.33 (-2.34%)

WCG

WellCare

$274.46

-3.54 (-1.27%)

03/08/13
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DVAX

Dynavax

$6.36

(0.00%)

16:42
05/23/19
05/23
16:42
05/23/19
16:42
Hot Stocks
Breaking Hot Stocks news story on Dynavax »

Dynavax trading halted,…

03/08/13
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    Jun

DNKEY

Danske Bank

$0.00

(0.00%)

16:39
05/23/19
05/23
16:39
05/23/19
16:39
Downgrade
Danske Bank rating change at Goldman Sachs »

Danske Bank downgraded to…

03/08/13
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03/08/13
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03/06/13
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WD

Walker & Dunlop

$51.59

-0.92 (-1.75%)

16:39
05/23/19
05/23
16:39
05/23/19
16:39
Hot Stocks
Walker & Dunlop President Howard Smith sells $4M in company shares »

Walker & Dunlop…

03/08/13
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TD

Toronto-Dominion

$56.01

1.05 (1.91%)

16:36
05/23/19
05/23
16:36
05/23/19
16:36
Downgrade
Toronto-Dominion rating change at National Bank »

Toronto-Dominion…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    May

16:36
05/23/19
05/23
16:36
05/23/19
16:36
General news
Money Supply M2 Weekly Change data reported »

Week of 5/13 Money Supply…

GWGH

GWG Holdings

$15.25

0.05 (0.33%)

16:36
05/23/19
05/23
16:36
05/23/19
16:36
Hot Stocks
GWG Holdings receives noncompliance notification from Nasdaq »

GWG Holdings announced…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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NSA

National Storage

$29.80

-0.195 (-0.65%)

16:35
05/23/19
05/23
16:35
05/23/19
16:35
Hot Stocks
National Storage 'elevates' its CEO Arlen Nordhagen to Executive Chairman »

National Storage…

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03/08/13
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03/06/13
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03/06/13
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    Jun

16:34
05/23/19
05/23
16:34
05/23/19
16:34
General news
Fed Balance Sheet Level data reported »

Week of 5/22 Fed Balance…

MOS

Mosaic

$21.62

-0.72 (-3.22%)

16:32
05/23/19
05/23
16:32
05/23/19
16:32
Hot Stocks
Mosaic doubles quarterly dividend to 5c per share »

The dividend will be paid…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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    Nov

ATIS

Attis Industries

$2.15

0.31 (16.85%)

16:32
05/23/19
05/23
16:32
05/23/19
16:32
Hot Stocks
Attis Industries notified by Nasdaq of delinquent Q1 10-Q filing »

Attis Industries…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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FLMN

Falcon Minerals

$7.36

-0.26 (-3.41%)

16:32
05/23/19
05/23
16:32
05/23/19
16:32
Initiation
Falcon Minerals initiated at Baird »

Falcon Minerals initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 04

    Jun

TRPX

Therapix Biosciences

$3.24

-0.03 (-0.92%)

16:31
05/23/19
05/23
16:31
05/23/19
16:31
Hot Stocks
Therapix Biosciences receives Nasdaq noncompliance notification »

Therapix Biosciences Ltd.…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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EQH

AXA Equitable

$20.96

-0.42 (-1.96%)

16:30
05/23/19
05/23
16:30
05/23/19
16:30
Hot Stocks
AXA Equitable raises quarterly dividend to 15c from 13c per share »

The dividend will be…

03/08/13
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03/06/13
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03/06/13
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  • 29

    May

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    Jun

DIS

Disney

$132.78

-1.06 (-0.79%)

16:28
05/23/19
05/23
16:28
05/23/19
16:28
Periodicals
ESPN's Pitaro says 'all hands on deck' to draw younger viewers, Bloomberg says »

ESPN president Jimmy…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    May

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    Jun

CALX

Calix

$6.38

-0.25 (-3.77%)

16:27
05/23/19
05/23
16:27
05/23/19
16:27
Hot Stocks
Calix director Kevin Denuccio purchases over $221K in company shares »

Calix director Kevin…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

    May

BBY

Best Buy

$65.79

-3.47 (-5.01%)

, AAPL

Apple

$179.67

-2.94 (-1.61%)

16:25
05/23/19
05/23
16:25
05/23/19
16:25
On The Fly
Fly Intel: Wall Street's top stories for Thursday »

Stocks suffered losses…

BBY

Best Buy

$65.79

-3.47 (-5.01%)

AAPL

Apple

$179.67

-2.94 (-1.61%)

FB

Facebook

$180.89

-4.36 (-2.35%)

AVP

Avon Products

$3.61

-0.46 (-11.30%)

MAXR

Maxar Technologies

$8.84

1.69 (23.64%)

BX

Blackstone

$41.14

-0.56 (-1.34%)

PLD

Prologis

$76.44

-0.13 (-0.17%)

LB

L Brands

$24.27

-0.02 (-0.08%)

GWR

Genesee & Wyoming

$94.01

7.945 (9.23%)

BLMN

Bloomin' Brands

$18.22

-1.98 (-9.80%)

CMG

Chipotle

$666.31

-39.74 (-5.63%)

NTAP

NetApp

$61.65

-0.93 (-1.49%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 03

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    Aug

  • 13

    Nov

BX

Blackstone

$41.14

-0.56 (-1.34%)

, BAM

Brookfield

$46.55

-0.25 (-0.53%)

16:23
05/23/19
05/23
16:23
05/23/19
16:23
Periodicals
Genesee & Wyoming pursued by Blackstone, Brookfield, others, Bloomberg says »

Blackstone (BX),…

BX

Blackstone

$41.14

-0.56 (-1.34%)

BAM

Brookfield

$46.55

-0.25 (-0.53%)

GWR

Genesee & Wyoming

$94.01

7.945 (9.23%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 11

    Jun

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    Jun

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    Aug

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    Nov

MFIN

Medallion Financial

$6.44

0.06 (0.94%)

16:22
05/23/19
05/23
16:22
05/23/19
16:22
Syndicate
Breaking Syndicate news story on Medallion Financial »

Medallion Financial files…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 14

    Jun

RVEN

Reven Housing

$4.15

0.1 (2.47%)

16:21
05/23/19
05/23
16:21
05/23/19
16:21
Syndicate
Reven Housing requests withdrawal of registration statement »

The company is requesting…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

    Jun

DWDP

DowDuPont

$30.94

-0.8 (-2.52%)

, DD

DuPont

$0.00

(0.00%)

16:20
05/23/19
05/23
16:20
05/23/19
16:20
Hot Stocks
DowDuPont to change name, stock symbol »

The company confirmed…

DWDP

DowDuPont

$30.94

-0.8 (-2.52%)

DD

DuPont

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

    May

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    May

DXC

DXC Technology

$52.00

-2.5 (-4.59%)

16:20
05/23/19
05/23
16:20
05/23/19
16:20
Hot Stocks
DXC Technology raises quarterly dividend to 21c from 19c per share »

The dividend will be paid…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    May

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
05/23/19
05/23
16:20
05/23/19
16:20
Options
Closing CBOE SPX and VIX Index summary for May 23rd »

The CBOE Volatility Index…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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