KEX, BBL, ELUXY, TTDKY, and WEICY have been added to the Zacks Rank #5 (Strong Sell) List on October 1, 2021.
STOCKHOLM (Reuters) -Europe's biggest home appliances maker, Electrolux, reported earnings above pre-pandemic levels on Tuesday but saw its shares slump 9% after it warned of worsening component supply problems in coming months. However, irregular deliveries of electronic components - mainly microcontrollers - due to a global supply chain squeeze hampered production, and the April-June profit lagged analysts' expectations. "The global supply challenges experienced in the first half are expected to have a higher impact in the second half of the year," Electrolux said in a statement.
Electrolux (ELUXY) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.