Core Viewpoint - Whirlpool Corp is raising concerns with the Trump administration regarding widespread tariff evasion by foreign competitors, which it claims undermines U.S. manufacturing [1][5]. Group 1: Tariff Evasion Claims - Whirlpool alleges that numerous foreign manufacturers are undervaluing their imports to avoid tariffs, based on federal import data [1][2]. - A significant decline in declared customs values for various appliances was noted, with garbage disposals from China dropping from an average of $21 to under $8, gas ranges from Thailand falling to $175, and washing machines from South Korea plummeting from $838 to $73 [3]. Group 2: Company Position and Actions - Whirlpool produces 80% of its U.S.-bound appliances domestically and suspects competitors like Samsung, LG, and Haier of undervaluing imports [4]. - The company has communicated its concerns to U.S. Customs and Border Protection but has not yet filed a formal complaint [5]. Group 3: Financial Performance - In July, Whirlpool reported adjusted earnings per share (EPS) of $1.34, missing the consensus estimate of $1.78, with sales of $3.77 billion also falling short of the $3.89 billion estimate [8]. - The company lowered its EPS guidance from $8.75 to a range of $5.00 to $7.00, compared to the consensus estimate of $7.81, and adjusted its EPS guidance from $10 to between $6.00 and $8.00, against a consensus of $9.23 [9].

Core Viewpoint - Whirlpool claims that its overseas competitors may be undervaluing their imports to avoid U.S. tariffs, as reported by The Wall Street Journal [2] Group 1: Company Insights - Whirlpool has presented evidence from federal data generated from import paperwork indicating potential undervaluation of imports by competitors [2]

Market Performance & Trends - S&P 500 closed at a record high, up 116 basis points or 116% [1] - Dow Jones Industrial Average closed slightly in the green, up 14 basis points or approximately 64 points to 44,837 [1] - Nasdaq was slightly positive, up about 1/3 of a percent [1] - S&P 600 (small caps) was down about 16 basis points [1] - S&P 500 equal weighted index was underwater by about half a percent [1] - US dollar index was up 1% [1] - 30-year yields were up to 496% and 10-year yields up to 442% [1] Sector Performance - Energy sector, driven by crude oil surge, was up 115%, along with tech and consumer discretionary sectors [1] - Real estate, materials, utilities, and staples sectors were each down by more than 1% [1] - Nvidia reached a record high, up 187%, with semiconductors leading [1] - AMD was up the most in the NASDAQ 100, at 432% [1] - Palladium was up 3% [1] - Biotech was a big loser [1] Economic Factors & Outlook - This week is considered the most important market week of 2025 due to earnings from four of the MAG 7 companies (representing approximately 20% of the S&P 500's weight), critical trade deals, and key economic data releases including the job situation and PCE index [1] - The FOMC announcement on Wednesday is crucial and will be closely analyzed [1] - The market is factoring in one to two rate cuts from the Fed [2] - Labor market may weaken later in the year due to tariffs and contractionary fiscal policy [3] - July jobs report is expected [3][16] Company Specific News - Boeing is expected to report $217 billion in revenue, a significant improvement from the previous year, but an adjusted loss of $140 per share and an operating loss of $1611 million [2] - Boeing's Q2 deliveries included 150 jets, compared to 130 last quarter and 92 a year ago [2] - A 15% tariff is better than the potential 25% or higher tariff that was going to be potentially on the table for Boeing [3] - United Health Group is announcing results for the second quarter [14]