Whirlpool Threw Caution to the Market
In today’s Whirlpool earnings report, the company did warn that sales for the rest of the year will likely be a bit weaker than expected. That doesn’t fit with what we saw in the forecast from the Industrial Production Index released last week – showing that Durable Consumer Goods would grow annually at 17.6%. Some of the IPI figure from the Fed would include other non-white goods that also qualify as durables. But, of additional interest is that Whirlpool said prices for most of their products would start to rise because of an increase in raw material prices. That might be the biggest take-away for us.