Friday's rally in the S&P 500 might not be enough, but Linde is out of this world
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- The S&P 500 saw a rally on Friday due to falling oil prices and lower bond yields following weaker-than-expected nonfarm payrolls growth.
- The rally in bond prices was temporary, with yields rising later in the session.
- Linde's investor day focused on its space and electronics segments, its fastest-growing end markets.
- Space launches are increasing, with Linde supplying gases through sale of gas (SOG) agreements.
- Electronics is Linde's fastest-growing segment, driven by demand from chip fabricators and the AI boom.
- Linde has significant project opportunities in the U.S. and Asia within the electronics sector.
- Future growth for Linde is expected from the increasing contribution of space and electronics to its overall business, potentially returning it to double-digit earnings growth.