At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.
In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.
Why We Like The Stock:
Whirlpool (WHR) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. Despite the market pullback over the situation in Syria, some stocks are holding up pretty well. WHR is one of those stocks, comfortable sitting above its 50-day moving average, retaining its long- and intermediate-term uptrend. While WHR’s mid-June action was a little disconcerting, the stock has since righted the ship and has been trending higher for a couple of months. WHR recently hit highs of $138.33 in early August, and while its upward momentum has waned a bit this month, that is still a decent amount of short-term upside. We like WHR as long as it stays above its 50-day moving average ($126.59) for a run back to $138-ish.
We Would Be Buyers:
At the current price (~$129.04).
Whirlpool Corporation (Whirlpool) is a manufacturer and marketer of home appliances. Whirlpool operates in four segments: North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia. Whirlpool manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers and other portable household appliances. The Company also produces hermetic compressors for refrigeration systems. It is a producer of home appliances in North America and Latin America and has a presence in markets throughout Europe and India. Its portfolio of brands include Whirlpool, Maytag, KitchenAid, Brastemp and Consul.
Stock Rating: 9.9
The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.
Whirlpool – Last Three Months
Whirlpool – Last 12 Months
Whirlpool – Last Five Years
At the time of publication the editor and affiliated companies own the following positions: None
Note: Positions may be bought or sold while this publication is in circulation without notice.