Jim Cramer Says “Tariffs on Steel Made Whirlpool’s Competitors More Pricey”

Whirlpool Corporation (NYSE:WHR) is one of the stocks in Jim Cramer’s game plan this week. It was one of the two stocks Cramer started his game plan with. He commented:

“Let’s talk earnings. Monday, after the close, we hear from two companies that I actually have a fascination about. One is Celestica and the other is Whirlpool… How about Whirlpool? The president’s tariffs on steel made Whirlpool’s competitors more pricey than America’s own. This stock could really fly if we get the kind of opportunity to sell unfettered, full-priced washers and dryers without the dumping of our so-called trading partners.”

Whirlpool (NYSE:WHR) produces and sells home appliances, including refrigerators, laundry machines, dishwashers, and small kitchen devices, along with related accessories and services. On July 28, the company posted its Q2 earnings, which missed the estimates. Whirlpool (NYSE:WHR) reported non-GAAP EPS of $1.34, missing by $0.40 and revenue of $3.78 billion missing the forecast by $100 million.

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Disclosure: None. This article is originally published at Insider Monkey.