Jim Cramer on Whirlpool: "It's Got a Lot More Room to Run"

Whirlpool Corporation (NYSE:WHR) is one of the stocks that Jim Cramer shed light on.. During the episode, Cramer mentioned the stock and said:

“I believe these auto tariffs are real. They’ll change the landscape even if Japan and Korea start putting in giant orders for natural gas turbines and airplanes… The stock of Whirlpool, which is now being protected via tariffs on steel from the excessive dumping of, yes, Korean and Chinese imports that undercut Whirlpool’s prices significantly. I believe that these competitors will be forced to build more product here if they want a shot at keeping their voluminous market share. Whirlpool stock was hit pretty hard on Liberation Day, made no sense, falling from $90 to $75 one month later. But as investors became fully aware of the ramifications here, Whirlpool was catapulted to $107 and change just over two months later. I think it’s got a lot more room to run. It makes the best, but it’s been undercut forever.”

Whirlpool Corporation (NYSE:WHR) manufactures and sells home appliances such as refrigerators, laundry machines, dishwashers, and small kitchen devices. The company distributes its products through retailers, distributors, builders, and direct-to-consumer channels. During the July 2 episode, Cramer discussed his sentiment around the company, as he said:

“What else? Alright, those who own Whirlpool have been long-time sufferers. One of the stocks I first bought in 1983, it’s pretty much the same price. It’s hurt because it’s the only real American manufacturer in the industry, and all these other countries dumped their appliances on our country. LG and Samsung, by the way, are from Korea, and Haier’s from China, they bought the GE Appliance business. But now they’re facing some big steel tariffs. Suddenly, Whirlpool’s in the driver’s seat. They could be beneficiary of these foreign companies. Wow, it just ran 35 points, though, but it’s still a good story.”

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