Shares of the home appliance manufacturer Whirlpool (WHR) soared on Tuesday as the company announced that it won six Consumer Electronics Show 2017 Innovation Awards.
Real Money contributor Chris Laudani says that margin expansion is what he is looking for in order for the stock price to increase. Gross margins for Whirlpool are expected to rise from 18.8% to 19.1% in 2017. Weakness in shipments were blamed on the election initially, but are expected to increase after improvements in consumer sentiment.
Another upside for Whirlpool will be on Jan. 10, when the International Trade Commission is expected to vote on whether the dumping of clothes washers from China into the U.S. by Samsung (SSNLF) and LG caused harm to the clothes-washing industry.
Laudani says he believe the stock can get over $200. The stock is currently trading around $184.