Linde falls after its guidance fails to wow the market. We've seen this movie before
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Should l Buy LIN?
Source: CNBC
Linde's Performance: Industrial gas supplier Linde reported strong revenue and earnings growth in the third quarter, demonstrating resilience in a challenging macroeconomic environment.
Market Conditions: The company's performance highlights its ability to thrive despite sluggish industrial conditions.
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Analyst Views on LIN
Wall Street analysts forecast LIN stock price to rise
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 467.510
Low
455.00
Averages
499.07
High
540.00
Current: 467.510
Low
455.00
Averages
499.07
High
540.00
About LIN
Linde plc is a United Kingdom-based industrial gases and engineering company. The Company serves a variety of end markets, such as chemicals and energy, food and beverage, electronics, healthcare, manufacturing, metals, and mining. The Company’s industrial gases and technologies are used in countless applications, including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity and specialty gases for electronics. It also delivers gas processing solutions to support customer expansion, efficiency improvements and emissions reductions. Its primary products in its industrial gases business are atmospheric gases and process gases. The Company also designs and builds equipment that produces industrial gases and offers customers a range of gas production and processing services, such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the ETF's liquidity and market performance.
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- Resource Definition Drilling: Lindian Resources has commenced a Stage 2 resource definition drilling program at its Kangankunde Rare Earths Project in Malawi, aiming to convert 20 to 40 million tonnes of Inferred Mineral Resource into Indicated classification, thereby enhancing resource confidence and supporting potential expansion planning.
- Drilling Progress: The program employs two diamond core rigs and one reverse circulation rig, totaling 3,400 meters of diamond drilling and 2,700 meters of RC drilling, expected to continue through April 2026, facilitating more precise pit design.
- Expansion Goals: Lindian aims to increase throughput to 4 million tonnes per annum and assess the potential for an additional 100,000 tonnes per annum of monazite concentrate, with Stage 2 work serving as a key input for evaluating expanded pit design and production capacity.
- Geological Exploration: Kangankunde is interpreted as a carbonatite-hosted rare earth system, with Stage 2 drilling focusing on areas requiring additional confidence to support pit design and scheduling, ensuring continuity and grade distribution of resources.
See More
Wall Street Market Dynamics Recap
- Market Dynamics: Wall Street experienced a decline on Thursday, particularly after the conclusion of the Morning Meeting, as the rotation from technology stocks to cyclicals continued, with industrials showing strong performance and driving portfolio results, indicating resilience in cyclical sectors.
- Stock Performance: Companies like Dupont, Dover, Honeywell, Linde, GE Vernova, and Eaton have shown extraordinary year-to-date performance, even as the S&P 500 has only seen slight gains, highlighting the significance of these cyclical stocks in the current market environment.
- Cisco Earnings Impact: Cisco's earnings report on Wednesday, despite a networking order growth exceeding 20%, saw shares drop over 10% on Thursday due to a dip in gross margins from rising memory prices, reflecting market concerns over its profitability.
- Apple Developments: Apple's shares fell more than 3% on Thursday, influenced by Cisco's warnings, and although iPhone sales remain strong, issues with the Siri upgrade testing and a delayed full launch could impact future market performance.
See More
Market Dynamics and Investment Opportunities Analysis
- Industrial Stock Rally: In 2026, industrial stocks like DuPont have shown remarkable performance, with DuPont up approximately 28% year-to-date, reflecting market confidence in industrial recovery; JPMorgan raised its price target from $50 to $57, indicating optimism about future growth.
- Cisco's Decline: Despite reporting strong quarterly results and raising its annual outlook, Cisco's stock fell about 7% in pre-market trading due to high memory prices squeezing gross margins, highlighting market concerns over its future profitability, prompting us to trim our position ahead of the report to mitigate risk.
- AI Market Funding: Anthropic is set to close a $20 billion funding round, valuing the company at $350 billion, which is crucial for the AI sector as it supports cloud providers' infrastructure investments, ensuring sustained compute demand that drives growth in related industries.
- Rising Power Demand: American Electric Power reported better-than-expected fourth-quarter results, having signed agreements for 28 GW of load capacity since October, bringing total energy commitments to 56 GW by 2030, demonstrating a strong response to high electricity demand, with over 10 GW of gas turbine capacity secured from major manufacturers like GE.
See More
Cyclical Stocks Show Strong Performance Amid Market Shifts
- DuPont Restructuring: DuPont's split into Qnity Electronics and the new DuPont, focusing on healthcare and water, has shown strong quarterly results, indicating significant progress in its transformation and potential to enhance market competitiveness.
- Dover's Performance Surge: Dover's investments in industrial sectors have resulted in double-digit bookings and near double-digit earnings growth, demonstrating robust performance in a low-interest-rate environment and signaling future growth potential.
- Honeywell's Spin-Off Plans: As Honeywell approaches its split into aerospace and automation businesses, market recognition of its value is increasing, particularly for the security automation segment, which could benefit from lower rates, driving the stock price recovery from the $190s last year.
- Eaton and GE Vernova Price Target Increases: Eaton and GE Vernova's price targets have been raised from $410 and $800 to $425 and $875 respectively, reflecting strong market expectations for data center demand, despite both companies having other business developments.
See More
Analysis of TQQQ's 52-Week Price Fluctuations
- Price Range Analysis: TQQQ's 52-week low is $17.50 per share and high is $60.685, with the latest trade at $50.81, indicating a cautious market sentiment as the price fluctuates within this range.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average provides investors with valuable insights for technical analysis, aiding in trend assessment and potential buying opportunities.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing significant inflows (new units created) or outflows (old units destroyed), assessing their impact on underlying assets.
See More
Tech Sector Rebound Fails to Offset Weekly Losses
- Nasdaq Rebound: The Nasdaq gained over 2% on Friday, yet still posted a 1.8% decline for the week, indicating ongoing investor concerns about tech stocks and the need to monitor future market trends.
- Dow Hits All-Time High: The Dow surged more than 1,200 points on Friday, closing at 50,115 with a weekly gain of 2.5%, reflecting a shift of funds from growth to value stocks, which may influence future investment strategies.
- Surge in Capital Expenditures: Alphabet announced that its capital expenditures for 2026 could exceed double the previous year, and despite a 0.5% drop in shares on Thursday, market confidence in its AI investments remains strong, signaling expectations for future growth.
- Software Stocks Crushed: Software stocks faced significant declines due to fears of AI encroaching on traditional SaaS companies, leading to pressure on the entire tech sector, prompting investors to remain vigilant about potential risks and opportunities within the industry.
See More
