$Linde(LIN.US)

Context:

The macroeconomic conditions are shifting due to factors like inflation, interest rate hikes by the US Federal Reserve and the elevated US 10 year Treasury yield. This has caused volatility in the stock market. Defensive and high quality company like Linde Plc has also corrected, offering solid long term accumulation opportunities.

My trade:

Linde has corrected today, so I started a long term position filled at 464.30 The market volatility and pullback offers opportunity to DCA, so I will continue to add next time at a better price if the opportunity presents itself.

Takeaway:

I chose Linde for its dominant market position in industrial gases, resilient pricing power, and steady cash flows supported by long term contractual backlogs. In my opinion, this makes it a good defensive play in a high yield environment.