Jim Cramer Notes Linde “Has Tremendous Pricing Power”

Linde plc (NASDAQ:LIN) is one of the stocks Jim Cramer recently discussed. During the episode, Cramer highlighted the stock’s pull-back and remarked:

“The last few months have been brutal for the stock of Linde, the industrial gas distributor that we own for the Charitable Trust. Here’s a stock that pulled back 20% from its highs in August to its lows last week. It’s a brutal move, but it’s… been a pretty consistent name. While Linde is somewhat cyclical, given the nature of its industrial clients, this company has tremendous pricing power and a proven ability to put up consistent earnings growth year after year. Sure enough, over the past week, the stock made a nice move off the lows. Wall Street noticed there’s been some insider buying. Linde had a few investor and analyst meetings, and they all seem to have gone well.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

Linde plc (NASDAQ:LIN) is an industrial gas company that supplies atmospheric and process gases such as oxygen, nitrogen, hydrogen, and specialty gases. During the lightning round of the December 2 episode, a caller asked about the stock, and Cramer responded:

“Yeah, this stock has been, my Charitable Trust owns, this stock has just been nothing but nastiness, and I don’t know, you know, look, it’s a great industrial gas company. It has done so well over many years. This is not one of those years. And I really think it’s surprising that the company doesn’t come out and start saying something because, wow, it’s been in free fall.”

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Disclosure: None. This article is originally published at Insider Monkey.