Praxair is an industrial air supplier in North and South America, Asia, and Europe. I believe that the development of countries worldwide puts Praxair in an awesome position for growth. They are also involved just about every major industry, which leads to great diversification. Check out their website to see all the ways they are involved. I'm sure you have been to a hospital and seen the giant Praxiar oxygen tanks outside. Overall I see PX as a great defensive stock but also has potential to see huge gains worldwide.