Top Stock Picks for 2022: Whirlpool

Analysts are leaving plenty of room for upgrades moving forward

Editor-in-Chief
Jan 12, 2022 at 4:02 PM
facebook X logo linkedin


Every day for the next week, we're going to highlight one of Schaeffer's top seven picks for 2022. Yesterday we covered EVgo (EVGO), and today we look at a stock integral to the home appliance industry. To access the entirety of the 2022 report, click here.

Despite the shares spending a majority of 2021 in correction mode and Whirlpool Corporation (NYSE:WHR) having retreated more than 20% from its early May peak, the stock still sports a 24% year-to-date lead.

Plus, the equity is breaking out of a falling wedge corrective pattern, setting it up for a potentially solid performance in 2022, as shares appear ready for their next leg higher. Even further, the stock’s wedge pattern found support at the round-number $200 level and the rising 320-day moving average.

Short interest increased more than 50% in June, and now represents 10% of the stock’s available float. At Whirlpool stock’s average pace of daily trading, it would take 10 days for short sellers to buy back their bearish bets.

Analysts are leaning pessimistic, leaving ample room for upgrades moving forward. This is per the four of five covering brokerages that sport a tepid "hold" or worse rating on WHR.

WHRtop22

Schaeffer's Investment Research was built from scratch on Bernie Schaeffer's vision of providing accessible professional-grade trading information to retail traders. This remains our mission today, 40 years later. Bernie --and the Schaeffer's team -- has never been one for swinging for base hits. We are always seeking the next grand slam -- in business and in trading. Options are incredibly attractive to traders with this high risk and high reward mentality. Profits are literally uncapped, while your downside risk is limited to your initial investment.

Thank you for joining us on this journey within the options industry, and we look forward to seeing you as we continue to trade. We hope you enjoy one of our carefully chosen stock picks from our team of top traders. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI