|Day Low/High||148.54 / 159.79|
|52 Wk Low/High||123.60 / 194.10|
Results from Home Depot and others are worrisome.
Whirlpool (WHR) fell short of Wall Street's expectations for 2016 third quarter earnings and revenue, and lowered its full-year earnings forecast.
Appliance sales seem to be holding up. Can investors clean up?
With 7 positions set to report this week, we purposely stayed on the sidelines over the last few days.
Whirlpool (WHR) is set to report its 2016 third quarter earnings prior to Tuesday's market open.
It is a tad too early to worry that weakness has returned.
While we didn't add any new names this week, we did use recent weakness in AT&T shares to build that position further.
The most recent short interest data has been released for the 09/30/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
In the first week of the fourth quarter we continued our strategy of using stock-specific weakness to grow positions while improving our cost basis by adding to 2 names.
As we close out September and the third quarter we have ample 'fire power' to continue improving the cost basis of current holdings and initiate new positions.
Whirlpool, KitchenAid and Jenn-Air brands featured in new Drees Homes nationwide
Year-over-year comparisons and rise in inventory are encouraging for our Sherwin-Williams and Whirlpool positions.
The model portfolio had a number of strong performers this week as the market welcomed the Fed's lack of action with open arms.
Beyond the headlines, there are reasons to be to be optimistic about Sherwin-Williams and Whirlpool.
Most of the portfolio got caught in this week's downdraft, though we used weakness to add to our position in Sherwin-Williams.
We added no positions this week, although we scaled up our position sizes in both Costco Wholesale and United Parcel Service.
WHR, which has been correction mode, is mildly oversold and due for a bounce.
Cramer shares his views on Toll Brothers and how it doesn't get enough respect. Apple, Google and Wells Fargo are among the stocks discussed.