We recently published 14 Stocks Jim Cramer Talked About. Whirlpool Corporation (NYSE:WHR) is one of the stocks Jim Cramer talked about.
Whirlpool Corporation (NYSE:WHR) is a well-known home appliances manufacturer. Its shares are down by 32% over the year but are up by 20% year-to-date. In mid-December, ratings agency S&P downgraded Whirlpool Corporation (NYSE:WHR) to BB from investment grade. S&P pointed out that the appliance manufacturer was suffering from margin weakness and higher leverage. It added that tariff uncertainty led to stocking in the US, and while Whirlpool Corporation (NYSE:WHR) performed well in sales, the firm also suffered from costs related to shipping new models to the market. The firm was in the news in January after the US Office of Government Ethics released financial disclosures for President Trump. The data showed that, among other companies, Whirlpool Corporation (NYSE:WHR) was also on the list of firms whose debt Trump bought. Cramer isn’t impressed by the debt:
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“And then he’s buying Whirlpool, that’s not doing that well, it’s the bonds, I don’t like that debt.”
While we acknowledge the potential of WHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
