A number of stocks jumped in the morning session after an in-line inflation report fueled hopes for interest rate cuts and the U.S. and China agreed to extend their tariff truce. The Consumer Price Index (CPI), a key measure of inflation, came in largely as expected, holding steady at 2.7% year-over-year. This reading boosted investor optimism that the Federal Reserve will have room to lower interest rates at its next meeting, which could reduce borrowing costs for companies and consumers.
Near-term headwinds are pressuring its 2025 outlook, but once the company can overcome them it has an opportunity to grab market share under the current administration's tariff policy.
The company is facing near-term pressure from its competitors' actions to avoid tariffs, but over the long term, it will be a net winner of the new tariff landscape.
Super Micro Computer, Inc. (NASDAQ: SMCI), commonly known as Supermicro, is an American information technology company headquartered in San Jose, California. Since its inception, Supermicro has evolved into a global leader in high-performance, high-efficiency server and storage solutions, playing a pivotal role in the infrastructure that underpins enterprise data centers,
The Federal Reserve has once again opted to maintain its benchmark interest rate, keeping it within the range of 4.25% to 4.5%. This marks the fifth consecutive time the central bank has held rates unchanged, a decision that was largely anticipated by financial markets. For consumers and businesses,
Whirlpool are trading lower Tuesday after the company reported disappointing second-quarter earnings and significantly lowered its guidance for the full year.
Shares of home appliances manufacturer Whirlpool (NYSE:WHR)
fell 12.6% in the afternoon session after the company reported disappointing second-quarter earnings, significantly cut its dividend, and lowered its full-year financial forecast. The company's second-quarter earnings per share of $1.34 missed analyst expectations, and net sales fell 5.4% year-over-year to $3.77 billion. Management pointed to declining global demand, increased promotions, and competitors stockpiling imports ahead of U.S. tariffs as key pressures on the results. In response to the challenging environment, Whirlpool reduced its full-year earnings guidance to a range of $6.00 to $8.00 per share, a significant drop from its previous forecast of around $10.00. The company also announced a major cut to its annual dividend, lowering it to $3.60 per share. Following the news, Bank of America downgraded the stock to "underperform" and reduced its price target to $70.
Whirlpool shares are trading lower Tuesday after the company reported worse-than-expected second quarter financial results and cut its fiscal year 2025 adjusted EPS and EPS guidance.
Home appliances manufacturer Whirlpool (NYSE:WHR) missed Wall Street’s revenue expectations in Q2 CY2025, with sales falling 5.4% year on year to $3.77 billion. On the other hand, the company’s full-year revenue guidance of $15.8 billion at the midpoint came in 0.9% above analysts’ estimates. Its GAAP profit of $1.17 per share was 25.8% below analysts’ consensus estimates.
