We talked about the top performer in the S&P 500 so far in 2012
back on January 22nd and Sears (ticker: SHLD) continues to hold the top spot. Today we're going to focus on the next best performer, Whirlpool (ticker: WHR), which is up almost 45% and just recently moved into second place. Here's the top 10:
In the January 22nd post we discussed how many of the best performers so far in 2012 were severely beaten down in 2011. If we look at the line chart going back to the beginning of 2011, we see that WHR follows that meme:
It's not completely obvious where all the optimism is stemming from. Earnings did rebound nicely in calendar Q3 2011 after a big disappointment in calendar Q2 2011. WHR hasn't reported calendar Q4 2011 results yet and the estimates aren't particularly aggressive with EPS expected to come in about even with the previous quarter, even though we just went through the holiday season.
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