Investors debating whether the U.S. economy is heading to a hard landing or a soft landing and looking to diversify away from the crowded Magnificent Seven trade may want to take a close look at the shares of Linde Plc (LIN). It's a stock below Wall Street's radar and a good holding for a growing and a declining economy.
Linde is in a different business than the magnificent seven, industrial chemicals and engineering. But it shares with them a couple of things. First, it sells products with inelastic demand, like atmospheric gasses used by hospitals and process gasses utilized by a broad range of manufacturers, from food and beverage to mining.
