Whirlpool missed profit and revenue expectations by a wide margin, and cut their full year forecast.» Read More
I spoke to one large mortgage broker in Philadelphia this afternoon, who said they were now quoting 30-year fixed rate mortgages at 5.5 percent, a drop of a half-point from yesterday's 6.0 percent. That is a big drop.
What happened to our rally? Stocks rallied going into the vote. The rescue bill passed a little after 1 pm ET, floor traders broke into applause and then spent the next half hour processing sell orders.
Plus, Cramer makes calls on Black & Decker, Schering-Plough and more.
Housing woes and high oil prices pushed one of Wall Street's tried and true trading strategies off schedule.
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. After acquiring Maytag a few years ago, this company became the largest home appliance maker in the world and was recently named one of the ‘best places to launch a career’ by BusinessWeek. But the stock was what launched today, as oil prices continued their drop. Who is it?
Whirlpool may look like a stock to avoid, but there's a reason the big money managers are buying it.
Jim Hardesty sees the glass more than half full. The strategist-economist of Hardesty Capital Management expects recovery -- and he has a few carefully-chosen stock picks.
Following are the day’s biggest winners and losers. Find out why shares of Hershey and Pepsi popped while Boeing and Ryder dropped.
the Fed Beige Book describes the economy as having 'slowed." JD Power cut their outlook for auto sales, projecting a 12 percent dip in sales for 2008 compared to 2007 (to 14.2 million cars and trucks), which would be the lowest level since 1993
After the close, Washington Mutual reported earnings notably below expectations. The bad news is that there is more credit deterioration, which is creating more provisions for losses. The good news is the company felt they had "sufficient capital", with $40 b of available liquidity at the end of the quarter, and that 2008 would be the peak year of loss provisioning.
World No. 2 home appliances maker Electrolux warned on Thursday that full-year earnings will fall more than previously forecast due to weaker demand, sending its shares down more than 5 percent.
It might be possible to use analysts as contrarian indicators. Have you noticed how many analysts have suddenly gotten all gloomy over their space, even though they have taken down numbers
High gas prices may be hurting the consumer, but he's not ready to roll over and die yet. How should you play?
The chief executive of General Electric named several "players", including LG Electronics, when asked about the future of the company's appliance business, which the huge U.S. conglomerate recently said it may spin off.
Q: On Fast Money's Trader Radar we look at the stock that was lighting up screens across Wall Street today. This Michigan-based company's products range from washing machines to kitchenware. After its acquisition of Maytag in 2006, it became the world's largest home appliance company. But the current housing crisis has left the company in the spin-cycle. Shares fells the most since 2002 today on falling earnings. Who is it?
GE reported first quarter earnings of $0.44, below the $0.51 consensus and $0.50-$0.53 guidance. Full year guidance was cut to $2.20-$2.30 from $2.42. Down 11 percent pre-open. This was the biggest miss most analysts can remember; certainly the biggest miss in over a decade.
With the ISM Numbers coming out today, this will be the first major economic indicator of the second quarter. The previous reading came in at 48.3 and consensus is for further contraction. Today's reading, just in, came in at 48.6 and is better than expected. Here are some stocks that moved after the last ISM reading.
Early cyclical stocks are typically the first to see increased demand as the economy improves. Does the recent run in stocks such as DuPont and Whirlpool mean we are avoiding a recession?
Electrolux, the world's second-biggest home appliances maker, reported quarterly earnings above market expectations on Wednesday and forecast 2008 core income in line with 2007, sending its shares up.
Get the trades on Saks amid takeover talk, Whirlpool’s strong earnings and heavy option action in Hewlett-Packard. Only here on CNBC.com.