Basic Materials and Chemicals Sector Ideas

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>>> Linde (LIN) -- Industrial stocks have been under pressure this year amid recession fears, but one name that continues to churn out steady results is Linde (NYSE:LIN). The global industrial gas giant just delivered a strong quarterly report driven by pricing power and operating leverage.


https://finance.yahoo.com/news/7-perfect-stock-picks-moody-204445345.html


LIN shares did initially slump post-earnings. But I think this just creates a better buying opportunity. Despite an uncertain macro outlook, Linde still grew earnings per share by 16% year-over-year. Its backlog remains robust at $7.8 billion, including $9-10 billion of clean energy opportunities expected to be decided in the coming years. The company continues to generate ample free cash flow it deploys into growth investments, returning ample capital to shareholders as well.

Some bears will argue that a recession threatens Linde’s end markets like manufacturing, chemicals, and metals. But here’s the thing – Linde operates in every major geography worldwide besides Antarctica. This diversification gives it an uncanny ability to navigate through regional slowdowns. For instance, while volumes are challenged in Europe, Linde continues posting solid growth in the Americas and Asia.

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