Billionaire investor David Tepper makes a contrarian move, selling off 8 million Intel shares and buying 5.2 million Whirlpool shares. Whirlpool stock rises 3% post-announcement. Whirlpool stock down 40% this year, but cheap compared to peers with a forward P/E of 11x and P/S ratio of 0.25x. Whirlpool pays a 5.3% dividend, ex-dividend date Nov. 21.

Whirlpool beats Q3 revenue expectations at $4.03 billion, up 1% from last year. North America appliance sales up 2.8% at $2.72 billion. Whirlpool issues full-year sales guidance of $15.8 billion, flat from last year when excluding European appliance business sold in 2024. Analyst consensus is slightly positive, with a median price target of $82.71.

Tepper’s bet on Whirlpool seen as a gamble. Nine analysts cover Whirlpool, with five holding, two buying, and two selling. Median price target suggests 21% improvement, while highest target predicts 113% jump. With economic uncertainty and fading stock price, some investors choose to pass on Whirlpool stock for now.

Read more at Yahoo Finance: David Tepper Is Betting Big on This High-Yield Dividend Stock. Should You?