Why Whirlpool Stock Crashed in July, and Why It Looks Like an Excellent Value Now

Domestic appliance maker Whirlpool (NYSE: WHR) is one of the most perplexing stocks on the market. Its stock declined 18.1% in July, according to data from S&P Global Market Intelligence, dragged down by a disappointing second-quarter earnings report.Whirlpool continued to face the pressures that had dogged its first quarter. In the March-ending quarter, Asian competitors pushed through imports of products into the U.S. market ahead of potential tariff actions by the Trump administration, thus creating an intensive competitive environment.The administration then applied tariffs in early April, only to announce a 90-day pause on the higher rate of tariffs, except for China. As such, it's hardly surprising that Whirlpool's Asian peers took advantage of the pause to, once again, preload the market with imports.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool