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☆ Why Linde shares dropped so much this week but why we still like it
▼ + stars: | 2023-01-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

It's been a tough start to 2023 for shareholders of Linde (LIN). Russia freezing Linde assets First off, while U.S. markets were closed to observe the New Year holiday, Reuters reported Monday that a Russian court froze about $488 million of Linde assets. The legal action was at the request of a Russian joint venture that Linde stopped working on. Long story short, Linde was prepaid $1.8 billion for work on a project, and Russian energy giant Gazprom is suing Linde to get that money back. Shortly after Russia invaded Ukraine, Linde suspended business in Russia and announced plans to scale back operations.

☆ New hope China may soften on Covid boosts our stocks most tied to world's No. 2 economy
▼ + stars: | 2022-11-04 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

After all, Chinese officials have not announced an official transition away from their very strict Covid policy. Nevertheless, the moves in certain stocks tied to China — including many owned by the Club — show the market is taking the vaccine policy change in stride. The cosmetics giant has a big China business and just a few days ago it cut its sales guidance partly due to China's Covid policy. The price move provided some support for oil stocks in Friday's volatile stock market. It's not immediately clear when expatriates in China could actually start getting a shot of the BioNTech-Pfizer Covid vaccine.

☆ Linde's ability to manage inflation was on display in the industrial gas giant's strong quarter
▼ + stars: | 2022-10-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

The following is a look at third-quarter sequential sales growth numbers for each category. Operating profit of $974 million, up 13% over last year, was higher than estimates of $937 million. Sales growth was led by Electronics and Chemicals & Energy, while volume growth was equally split between base business and project startups. Operating profit of $429 million was up 12% from last year and roughly in line with the $424 million estimate. Linde management held a call Wednesday to explain the rationale behind its proposal to delist from the Frankfurt Stock Exchange.

☆ Inflation is dominating the conversation on earnings calls. Here's what execs are saying
▼ + stars: | 2022-10-24 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

One thing's clear at the start of the corporate earnings season: Inflation is still a hot topic for companies. The consumer price index increased 0.4% in September, which was a hotter reading than the 0.3% expected by Dow Jones, according to the Bureau of Labor Statistics. It was at 0.6% without food and energy factored in, which was also above Dow Jones' estimate of 0.4%. That was similarly above the Dow Jones expectation of 0.2%. The company beat earnings per share expectations for the third quarter but revenue came in lower than analysts anticipated.

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