$Linde(LIN.US)Context: While high flying tech stocks have experienced a sharp correction and pullback, defensive stocks …
$Linde(LIN.US)
Context:
While high flying tech stocks have experienced a sharp correction and pullback, defensive stocks like Linde have held up relatively well. Backed by resilient pricing power, multi billion dollar project backlogs, and steady long term contracts across manufacturing and electronics markets, Linde continues to prove its status and strength during this current market correction.
My trade:
I am continuing to hold on to my position in Linde through the current market correction. I intend to add more if opportunities arise in the future.
Takeaway:
Maintaining this defensive counter allows me to diversify and protects against the tech correction and volatility. Linde is also supported by strong underlying operational performance and consistent cash flow generation. This gives me confidence and protects my portfolio value in this current correction.
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