Q3 Return: +3%
YTD Return: +19%
Investor: Louis Navellier
Louis Navellier’s pick of Sherwin-Williams (SHW) has been slowly and surely tacking more on to its year-to-date return … but it hasn’t been enough for SHW to hold onto its second-place spot.
Yes, Sherwin-Williams was tied for the silver medal at the halfway point of this contest, thanks in part to the strong housing recovery. But in late July, news broke that Mexico’s competition watchdog denied SHW’s pending $2.34 billion purchase of Comex Group — the fourth-largest paint maker in North America.
On top of that, the stock’s second-quarter earning and revenue results — released on the same day — missed analyst estimates. The stock fell off a cliff as a result.
SHW has regained some ground since then and is trading around 3% higher than it was at the start of Q3. But that’s nothing compared to the sizzling run its competitors posted during the third quarter, and leaves quite a lot of work to be done if SHW wants to finish on top.