Pre-market trend | Linde (LIN) 5/13 Industrial gas giant bullish recovery, steady upward movement expected?

Yesterday, Linde, the world's largest industrial gas supplier, triggered a golden cross signal above the zero axis of the daily MACD, with a single-day trading volume of approximately $1.2 billion, indicating stable and quality capital inflow. The emergence of bullish signals suggests that the buying power in the medium to short term is gradually gaining dominance, and the trend is expected to break upward from the previous sideways consolidation. As an absolute leader in the industrial gas industry, Linde's business covers multiple downstream fields such as semiconductor manufacturing, healthcare, and clean energy, exhibiting typical "stable growth + anti-cyclical" attributes. In the context of increasing macroeconomic volatility, such deterministic assets are often favored by capital. On the news front, April's PPI data surged 1.4% month-on-month and rose 6% year-on-year, with soaring energy costs being the core driver, leading to a general increase in industrial product prices. For Linde, industrial gas prices typically have strong cost pass-through capabilities, with many pricing mechanisms embedding clauses for adjusting raw material and energy costs. Therefore, in an inflationary environment, the risk of margin erosion is relatively controllable, and it may even benefit from product price increases. Additionally, Boston Federal Reserve President Collins stated that interest rates should remain unchanged for "some time," and the macroeconomic landscape of high interest rates combined with high inflation is expected to persist, which in turn strengthens the market's demand for defensive leaders. Furthermore, the continuous expansion of the semiconductor industry directly drives the demand for electronic-grade specialty gases, with Linde holding a leading market share in this field