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As expected, Whirlpool Corp's (WHR) stock is rising in unison with the strengthening global economy, and that's a major reason I'm reiterating my buy rating for the company's shares, first recommended on March 13, 2009, at a price of $34.47. If you bought in March 2009, you're up an impressive 137%.However, this will probably be your last chance to purchase WHR and earn an outsized gain during this economic expansion.
Whirlpool's pleasant growth story remains the same: emerging market sales, particularly in Latin America (20% of revenue), are sending growth signals. Europe and the U.S. may lag for one or two more quarters; the U.S. market looks like the major hurdle -- with household formation likely to remain sluggish into mid-2010. Overall, look for FY2010 revenue to increase 4-6%; in FY2011, WHR is likely to return to double-digit revenue growth.
The First Call FY2009/FY2010 EPS estimates for WHR are $4.45 to $6.48.
Technically, Whirlpool's stock chart is strong -- an uptend, with minor, constructive pull-backs, and a price that continually stays above the key, 50-day moving average -- a sign that institutional investors are adding to or establishing positions in WHR.
Finally, the Sell/Stop Loss has been raised to $53 from $35; hence, this is a profitable trade for your March 2009-bought shares.
2010 Outlook: Whirlpool is a long-term play, but if you're looking to sell WHR within the year, take your profits after it rises to $97-99, if it fails to rise above $100
Stock Analysis: Whilrpool Corp. is a moderate-risk stock. If you've already purchased the company's shares, hold them. If not, consider buying a 25% position in WHR now; then buy another 25% in one month, if U.S. and global economic conditions don't worsen substantially. Under any circumstance, don't buy more than 50% of your WHR position before March 2010. Revised Sell/Stop Loss if you bought shares in this company: $53.
Disclosure: Lazzaro has no positions in stocks, but does own shares in two Pimco Bond Funds: PHDAX and PYMAX.
The First Call FY2009/FY2010 EPS estimates for WHR are $4.45 to $6.48.
Technically, Whirlpool's stock chart is strong -- an uptend, with minor, constructive pull-backs, and a price that continually stays above the key, 50-day moving average -- a sign that institutional investors are adding to or establishing positions in WHR.
Finally, the Sell/Stop Loss has been raised to $53 from $35; hence, this is a profitable trade for your March 2009-bought shares.
2010 Outlook: Whirlpool is a long-term play, but if you're looking to sell WHR within the year, take your profits after it rises to $97-99, if it fails to rise above $100
Stock Analysis: Whilrpool Corp. is a moderate-risk stock. If you've already purchased the company's shares, hold them. If not, consider buying a 25% position in WHR now; then buy another 25% in one month, if U.S. and global economic conditions don't worsen substantially. Under any circumstance, don't buy more than 50% of your WHR position before March 2010. Revised Sell/Stop Loss if you bought shares in this company: $53.
Disclosure: Lazzaro has no positions in stocks, but does own shares in two Pimco Bond Funds: PHDAX and PYMAX.
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