5 Best Consumer Electronics Stocks To Buy

In this article, we discuss 5 best consumer electronics stocks to buy. If you want to see more stocks in this selection, check out 10 Best Consumer Electronics Stocks To Buy. 

5. Whirlpool Corporation (NYSE:WHR)

Number of Hedge Fund Holders: 24

Whirlpool Corporation (NYSE:WHR) produces and sells a wide range of home appliances and associated products and services. The company’s offerings include refrigerators, freezers, ice makers, and refrigerator water filters. They also manufacture laundry appliances, such as washers and dryers, and cooking appliances, small domestic appliances, and dishwashers. The company operates in various regions worldwide, including North America, Europe, the Middle East, Africa, Latin America, and Asia. Whirlpool Corporation (NYSE:WHR) is one of the top consumer electronics stocks to invest in.

On April 24, Whirlpool Corporation (NYSE:WHR) reported a Q1 non-GAAP EPS of $2.66, beating Wall Street estimates by $0.49. Revenue over the period came in at $4.65 billion, outperforming market consensus by $150 million.

Goldman Sachs analyst Susan Maklari upgraded Whirlpool Corporation (NYSE:WHR) to Buy from Neutral with a price target of $160, down from $170 on April 11, noting that the current valuation of Whirlpool’s stock presents an attractive opportunity for investors.

According to Insider Monkey’s fourth quarter database, 24 hedge funds were bullish on Whirlpool Corporation (NYSE:WHR), with Edgar Wachenheim’s Greenhaven Associates holding the largest position in the company.