Weak Dollar Stock #1 – Whirlpool (WHR)
The collapse of the domestic housing market crushed businesses that made things that went into the building boom. One of the biggest makers of stuff for homes is Whirlpool (WHR).
During the real estate bull market, WHR was firing on all cylinders. When the market crashed, so did WHR stock. Since bottoming earlier this year, WHR has made a big recovery. That recovery was based on a recovery in the domestic real estate market. What has yet to be priced into the stock is a boom in overseas shipments. WHR products are becoming cheaper by the day for overseas buyers. The increase in exports could propel WHR stock to $200 per share, more than double its current price of $74 per share.
Article printed from InvestorPlace Media, http://investorplace.com/2009/11/weak-dollar-stocks/.
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