Bull Market and Beyond: 2 Stocks Just Waiting to Soar
With the S&P 500 index up more than 25% over the past year and 6.5% so far in 2024, it's time to look beyond the usual suspects and toward stocks that haven't participated in the rally so far this year. Whirlpool (NYSE: WHR) and Owens Corning (NYSE: OC) match this description and I think they have the potential to do well through the year. Here's why.
As you can see below, the housing market (expressed here in terms of sales of existing homes) doesn't like higher interest rates, and Whirlpool's share price doesn't like a declining housing market.
Source Fool.com
Whirlpool Corp. Stock
€88.96
-0.420%
With 3 Buy predictions and 3 Sell predictions the community is currently undecided on Whirlpool Corp..
A slightly negative potential of -2.2% at a current price of 88.96 € for Whirlpool Corp. is the result of a target price of 87 €.
