Am I crazy to be looking at a manufacturing play right now considering the tariff trade wars going on? The stock right now has a forward dividend yield of 8.65% at the current price with a technical setup. There are fundamentals around tariffs to consider but that could only be the "reason" the price has come to a great buy.
I set an alert almost a year ago in April 2024 based on a follower of mine liking the stock
WHR as a dividend play. I suggested that we set the buy alert for the Volume Profile level going back 20 years ago which also incorporated the 2020 COVID low:
That alert his this week and I did some fundamental research on the company. Back in 2018 Whirlpool took a big hit with the first round of China focused tariffs. However, the company responded by focusing on more U.S.-based manufacturing. Its competitors, LG and Samsung have more tariff exposure. Material costs could still present a challenge.
From a technical standpoint I see a major low with volume support that could hold up price.
I set an alert almost a year ago in April 2024 based on a follower of mine liking the stock
WHR as a dividend play. I suggested that we set the buy alert for the Volume Profile level going back 20 years ago which also incorporated the 2020 COVID low:That alert his this week and I did some fundamental research on the company. Back in 2018 Whirlpool took a big hit with the first round of China focused tariffs. However, the company responded by focusing on more U.S.-based manufacturing. Its competitors, LG and Samsung have more tariff exposure. Material costs could still present a challenge.
From a technical standpoint I see a major low with volume support that could hold up price.
"Be to others the person you needed to meet 10 years ago"
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.