This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Whirlpool, Kroger, Apple: Stocks That Defined the Week
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Markets > Whirlpool, Kroger, Apple: Stocks That Defined the Week
Markets

Whirlpool, Kroger, Apple: Stocks That Defined the Week

Editorial Board Published January 29, 2022
Share
Whirlpool, Kroger, Apple: Stocks That Defined the Week
SHARE

Whirlpool Corp.

Good luck finding a new fridge. Order backlogs are growing for appliance maker Whirlpool and construction equipment maker Caterpillar Inc., as manufacturers face supply-chain issues and Covid-fueled staffing problems. Not all manufacturers are in this position. While respirator manufacturer 3M Co. struggled to meet demand early in the pandemic, supplies of high-quality face masks have improved since the company boosted production. Whirlpool shares lost 3.8% Thursday.

Peloton Interactive Inc.

Peloton faces an uphill climb. Activist investor Blackwells Capital LLC is pushing Peloton’s board to fire its chief executive and pursue a sale, after the stationary-bike maker’s stock plummeted more than 80% from its high as growth slowed. Blackwells said in a letter it made public Monday that it thinks Peloton, once a pandemic darling, could be an attractive acquisition target for larger technology or fitness-oriented companies. Peloton has also been unfavorably featured recently in television shows, in which main characters had heart attacks during or after Peloton workouts. Peloton shares gained 9.8% Monday.

Johnson & Johnson

Vaccines helped ease J&J’s pandemic pains. Johnson & Johnson finished 2021 with its strongest quarter to date for Covid-19 vaccine sales, contributing to year-over-year revenue growth across its operations. But some parts of J&J’s sprawling business, including medical devices and consumer products, felt the effects of the pandemic. The surge in Omicron cases, coupled with hospital staffing shortages, put off procedures that use J&J devices like artificial joints. Meanwhile, supply constraints hit J&J’s consumer-health business, particularly skin-care products. Difficulty to secure some raw materials limited the availability of certain items. J&J shares closed up 2.9% Tuesday.

Kroger Co.

Kroger employees bagged a new contract. More than 8,000 unionized workers at Kroger’s King Soopers grocery stores ratified a new three-year contract that gives them better healthcare and pension benefits, along with higher wages, with some employees receiving increases of more than $5 an hour. The supermarket operator previously said its “last, best and final” offer represented an investment of $170 million over the next three years in wages and benefits. The King Soopers employees are among several groups of workers that pushed for higher wages, expanded benefits and better work environments in recent months, using their leverage as labor shortages challenge industries. Kroger shares lost 5.5% Tuesday.

Mattel Inc.

Elsa from “Frozen” and Barbie are back under the same roof. The Wall Street Journal reported that the toy company won the license to produce toys based on Walt Disney’s princess lineup and from the “Frozen” franchise. The deal reunites the characters with their previous home after Mattel lost the license to its rival Hasbro Inc. in 2016. The setback precipitated a period of four chief executive officers at Mattel and compounding challenges as they tried to fill the $440 million hole from losing the business. Mattel will start selling new Disney toys in 2023. Mattel shares rose 4.3% Wednesday.

McDonald’s Corp.

Inflation may take a bigger bite of McDonald’s this year. The burger giant said Thursday it expects to pay more for food, paper and other supplies in 2022. Rising costs aren’t likely to wipe out its recent gains in profitability, but executives said they would require the chain to balance menu-price increases with offering value to customers. McDonald’s, like other restaurants, also dealt with the continuing labor shortage, raising wages last year by more than 10% to attract and retain workers. The company said price increases and promotions of items like its fried chicken sandwiches and McRib special helped boost its U.S. sales. McDonald’s shares slipped 0.4% Thursday.

Southwest Airlines Co.

Southwest sees blue skies ahead in the airline’s fight against Omicron. The carrier posted a fourth-quarter profit of $68 million, swinging from a loss of $908 million a year earlier, fueled by strong demand for travel over the holidays. Rivals American Airlines Group Inc., Delta Air Lines Inc. and United Airlines Holdings Inc. all reported losses in recent weeks. Southwest said the Omicron variant, which has slowed travel demand and caused staffing woes, will likely derail its expectation for a profitable start to 2022. Like other airlines, Southwest said bookings have started to recover, and it expects to shake off Omicron’s impact and to stop losing money again in March. Southwest shares fell 2% Thursday.

Write to Francesca Fontana at [email protected]

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:MarketsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Chevron Rakes in .6 Billion in Annual Profits as Oil Prices Climb Chevron Rakes in $15.6 Billion in Annual Profits as Oil Prices Climb
Next Article Sales soar for ‘Maus’ after its banning in Tennessee Sales soar for ‘Maus’ after its banning in Tennessee

Editor's Pick

Brooke Hogan Written Out of Hulk’s Will (At Her Personal Request)

Brooke Hogan Written Out of Hulk’s Will (At Her Personal Request)

Studying Time: 3 minutes Brooke Hogan isn’t in her dad’s will, a brand new report reveals. Regardless of years of…

By Editorial Board 4 Min Read
6 Greatest Underwear To Stop Chafing For Males in 2025 | Fashion
6 Greatest Underwear To Stop Chafing For Males in 2025 | Fashion

We independently consider all really helpful services. Any services or products put…

15 Min Read
9 Finest Males’s Shorts Manufacturers – Versatile Types For 2025 | Fashion
9 Finest Males’s Shorts Manufacturers – Versatile Types For 2025 | Fashion

We independently consider all advisable services. Any services or products put ahead…

13 Min Read

Oponion

Baidu Races Ahead of Tesla With Launch of Robotaxi With Detachable Steering Wheel

Baidu Races Ahead of Tesla With Launch of Robotaxi With Detachable Steering Wheel

SINGAPORE—China’s Baidu unveiled a new autonomous car with a detachable…

July 21, 2022

‘Not only a strategic associate: Europe wants a Turkey that upholds democracy, honors its commitments’

The arrest and detention of Istanbul’s…

April 12, 2025

NYSE President Stacey Cunningham to Step Down

New York Stock Exchange President Stacey…

December 6, 2021

Rajasthan regulation minister makes use of cuss phrase in meeting, apologises after uproar | India Information

Parliamentary affairs minister Jogaram Patel JAIPUR:…

February 3, 2025

Cupertino spared from paying state thousands and thousands in Apple gross sales tax income

The California Division of Tax and…

October 3, 2024

You Might Also Like

Microsoft joins unique T market cap membership after AI surge, becoming a member of just one different firm
Markets

Microsoft joins unique $4T market cap membership after AI surge, becoming a member of just one different firm

Angelo Zino, a CFRA Analysis senior fairness analyst, discusses the efficiency of Microsoft, Meta and the general tech sector within…

4 Min Read
Moderna plans to slash 10% of workforce as COVID shot gross sales gradual
Markets

Moderna plans to slash 10% of workforce as COVID shot gross sales gradual

Rep. Russell Fry, R-S.C., discusses the Home probe into Pfizer’s launch of COVID vaccine outcomes and extra on ‘Varney &…

3 Min Read
Figma goes public, and the CEO was a fellow at Peter Thiel’s basis
Markets

Figma goes public, and the CEO was a fellow at Peter Thiel’s basis

‘Making Money’ host Charles Payne discusses whether or not the inventory market is a coiled spring able to explode or…

5 Min Read
Zuckerberg needs to offer everybody their very own private superintelligence via Meta’s new imaginative and prescient
Markets

Zuckerberg needs to offer everybody their very own private superintelligence via Meta’s new imaginative and prescient

Meta CEO Mark Zuckerberg on Wednesday introduced the tech large will give attention to growing a private superintelligence for everybody, which…

4 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?