Praxair, Inc. engages in the production and distribution of industrial gases primarily in North America, South America, Europe, and Asia. Its products include atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs, engineers, and builds equipment that produces industrial gases. In addition, Praxair supplies surface coatings, including wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings, and powders to the airc
This is an infrastructure play. Praxair serves various industries, including healthcare, petroleum refining , computer-chip manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals , and water treatment . Strong revenue and earnings growth with the best gross margins in their industry.
Praxair, Inc. ( PX ) is the largest industrial gases company in North and South America, and one of the largest worldwide. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others.
The company’s leading market position in North and South America should support long-term growth.
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.
Praxair (NYSE: PX) closed at $50.06 Monday. PX is scheduled to report Q3 EPS on October 29. Deutsche Bank lowered EPS estimates for PX to reflect the strengthening U.S. dollar and the slowdown in global GDP growth. PX November option implied volatility of 87 is above its 26-week average of 38 according to Track Data, suggesting larger price movement.
Air Products (NYSE: APD) closed at $47.30 Monday. APD overall option implied volatility of 77 is above its 26-week average of 38 according to Track Data, suggesting larger price movement.
So far this year, it's been horrible for the IPO market. In fact, in Q2 there were no venture-backed offerings.
But, going into July, there is some hope. For example, Energy Recovery (NYSE: ERII) was able to pull of its IPO, pricing the deal at $8.50. On its first day of trading, the stock ended at $9.83.
Founded in the early 1990s, Energy Recovery develops systems that capture and recycle energy from desalination. The company says that its main product - PX Pressure Exchanger (PX) - conserves up to 98% of the energy.
In the Figure you can see a summary of the trend conditions of the Index stocks. I used the 20, 50, 100 and 200 days moving average of the close. The background is Green when the close is > than the moving average. Red when it is below and yellow when it crosses. + and - indicate the slope of the moving average.
RANGE ANALYSIS I have also programmed Tradestation Radarscreen to display: - range of the past 20 trading sessions (%); - % from the lowest close of the past 20 trading session. The cell is RED if the close of today is the lowest close of the past 20 days. - % from the highest close of ...
In the Figure you can see a summary of the trend conditions of the Index stocks. I used the 20, 50, 100 and 200 days moving average of the close. The background is Green when the close is > than the moving average. Red when it is below and yellow when it crosses. + and - indicate the slope of the moving average.
RANGE ANALYSIS I have also programmed Tradestation Radarscreen to display: - range of the past 20 trading sessions (%); - % from the lowest close of the past 20 trading session. The cell is RED if the close of today is the lowest close of the past 20 days. - % from the highest close of ...
Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday June 18. <!---->
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Bullish calls:
Black & Decker (BDK): "I pulled the trigger today and bought some more for my trust. It's cheap and has a 3% yield, so I said it's time to buy. I am willing to take the consequences. The housing crisis will eventually be over."
Praxair (PX): "The gas business is on fire. These are stocks we've been recommending for multiple years. I reiterate my buys on Airgas (ARG), Air Products and Chemicals (APD) and Praxair."
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PX
About Praxair Inc.
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Praxair
So far this year, it's been horrible for the IPO market. In fact, in Q2 there were no venture-backed offerings.
