Why Shares in Whirlpool Tumbled in January
Shares in (NYSE: WHR) declined 10.1% in January, according to data provided by S&P Global Market Intelligence. The down move in January follows a double-digit gain in December. The volatility in its share price reflects the market's sentiment toward interest rate-sensitive stocks.
Whirlpool's exposure to the interest rate cycle comes from its reliance on the U.S. housing market. North America is the company's highest-margin region and biggest revenue generator. As such, North America generated more than 5 times the segment profit of its next-largest profit-generating region, Latin America, in 2023. Europe, the Middle East, and Africa (EMEA) came in a distant third, with almost 20 times less profit.
As readers know, rising interest rates result in higher monthly mortgage payments, slow the housing market and, in turn, slow discretionary demand for household appliances.
Source Fool.com
Whirlpool Corp. Stock
Our community is currently low on Whirlpool Corp. with 2 Buy predictions and 5 Sell predictions.
With a target price of 31 € there is a slightly negative potential of -17.18% for Whirlpool Corp. compared to the current price of 37.43 €.
