Stockchase Opinions

Josh Brown, CEO, Ritholtz Wealth Management Sherwin-Williams Co. SHW-N WATCH Aug 23, 2024

The chart shows a new breakout in progress.

$358.730

Stock price when the opinion was issued

misc consumer products
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PAST TOP PICK
(A Top Pick Jul 23/20, Up 36%) Sold out, as the reopening trade is creating dominance over the stay at home trade. Inflationary pressures are causing input costs to rise, squeezing margins. Still likes it, but multiple was high and best days are behind it in this cycle.
DON'T BUY
Raw costs are too high. Don't touch it until those costs come down.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jul 28/20, Up 43.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SHW is progressing well. We now recommend setting a trailing stop at $280. If triggered this would all but guarantee a investment return over 32%.
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jul 27/20, Up 32.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SHW has triggered its revised stop at $280. To remain disciplined, we recommend covering the position at this time. We will continue to evaluate a future re-entry position.
BUY
The Home Depot investors' call this week was very positive. They saif that when a house gains value, people continue to invest in it. So, yes, stick with the best paint company, SHW.
BUY

The home reno space has been in a slump, because people have been travelling and enjoying experiences. During Covid, they stayed home and renovated, which she feels will return, because there isn't enough housing to buy. So, people will stay in their homes and fix them up. Lower material costs will help. HD and Sherwin Williams are buys now.

BUY
a dividend aristocrat

They raised their dividend by 18.2%. Home Depot said that consumers are doing lots of home improvement, but not big-ticker jobs that require financing. Still, this will lead to more sales for SHW.

DON'T BUY

It has run up so much lately that's due for a pullback.

BUY

It took Dow's place in the Dow Jones index. SHW is a high-quality company with a strong stock. It's up 20% this year vs. -12.5% by Dow.