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10 Best Stocks of 2013: July’s Most Notable

Find out which picks made the biggest headlines last month

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Sherwin-Williams SHWCurrent Standing: Fourth
YTD Return: +13%
Investor: Louis Navellier

Next up we have Louis Navellier’s pick of Sherwin-Williams (SHW), which also suffered a big hit in July.

While the company’s recession-proof nature was one reason for Navellier’s choice, another was that SHW had recently snatched up Comex Group. Comex — the fourth-largest paint maker in North America — gave Sherwin exposure to Mexico’s growing market.

Well, at least it would have. On July 18 — the same day that Intel got pounded — news broke that Mexico’s competition watchdog denied the pending $2.34 billion purchase. Adding insult to injury was the fact that Sherwin’s second-quarter earning and revenue results — released on the same day — missed analyst estimates.

Sherwin opened around 8% lower that morning and still remains that far off its previous July high.

Plus, while the company reaffirmed its outlook for earnings of $7.45 to $7.55 per share, that’s still short of the high bar set by analysts, who are expecting $8.08 per share for the year. If the company continues to disappoint, Sherwin could slide even further.

Article printed from InvestorPlace Media,

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