Best Stock for 2013: Sherwin-Williams
Greece might not be looking so hot right now, but Louis Navellier, Editor of Blue Chip Growth, thinks the U.S. is in for some rough waters as well.
Have no fear, though. His pick, Sherwin-Williams (NYSE:SHW), has resisted market shocks with no problem — and that’s just one reason it’s a buy for 2013. It also has a reliable dividend that serves to keep investors loyal and that will put some extra cash in your pocket.
Above all, though, Louis likes the fact that “raw material prices are finally falling, while demand for paint and coatings is on the rise thanks to a stronger U.S. housing market.”
Oh yeah, and Sherwin-Williams also recently snatched up Comex Group, giving it exposure to the growing Mexican market. Those are a lot of reasons to like the stock — and hopefully they will turn into some even more likeable returns.