Why this industrial gas giant deserves its premium valuation (and should be owned)
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 is on pace for a negative week despite a Friday rally, rebounding from oversold conditions.
- Treasury yields increased after the August CPI report, raising the likelihood of an interest rate hike.
- KeyBanc initiated Linde with an overweight rating and a $542 price target, highlighting its strong track record and market tailwinds.
- Linde's in-home healthcare unit, Lincare, is struggling with cost inflation and reimbursement issues.
- Upcoming events include Fed meetings, corporate conferences like Salesforce's Dreamforce, and analyst discussions involving Broadcom and Palo Alto Networks CEOs.