Whirlpool and AB InBev team up for the first single-serve hot-and-cold drink machine.» Read More
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.
It may have been Super Tuesday at the voting booth, but there was nothing super about Tuesday for stocks.
Investors are worried about a recession again. So CNBC asked the experts for some recession-proof stock picks.
Stocks tumbled Tuesday after an unexpectedly sharp contraction in the U.S. services sector and comments from one Federal Reserve official that a "mild recession" is possible.
Stocks tumbled Tuesday after an unexpectedly sharp contraction in the U.S. services sector and a fresh downgrade in the financial sector.
Want to see how important global growth has become? YUM Brands beat, but look at the growth: mainland China same store sales up 17 percent, 5 percent growth worldwide, 1 percent in the U.S. YUM now gets nearly 45 percent of its sales outside the U.S.
Things are different now. Here's what's Cramer thinks is back in play.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The home of Carnival is perfect for business - and investors.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
With positive comments from Microsoft and Countrywide today, it's time to step back and take a slightly broader view of the markets. The S&P is up 7% this year (and 3% from its historic high).
The pattern is now very clear: companies that have significant exposure to the U.S. consumer market are having problems. Whether it is Coach (lowered guidance), IHOP (drop in guest traffic), Brinker (ditto), or Whirlpool (lower overall sales). These companies are 1) seeing slower business in the U.S. market and 2) get a significant part of their sales in the U.S.
The divide between strong international/weak domestic is nowhere more evident than with Whirlpool. Whirlpool noted that the strength was in international and the costs savings generated by the Maytag acquisition.
As suspected the market cares more about Apple's earnings than anything else this morning. However, a number of other important companies came through, with a couple exceptions. At American Express, investor concerns about a slowdown in card spending and an increase in charge offs did not materialize.
Whirlpool, the world's largest appliance maker, reported a 50 percent rise in third-quarter profit Tuesday as international demand and cost savings from the Maytag buyout helped offset lower U.S. sales.
And the bell rang and what happened was a very modest late day rally. Perfect. A big selloff, and fear levels would go way up. A big comeback, and the bears--who have gained a great deal of traction in the past week--would be throwing stones immediately. Very modest rally is just the right reaction.