This Stock is Ripping Higher

Today, we’re checking in on a successful “boring” business…

Regular readers know it pays to invest in businesses like pest control and uniforms. These companies have been doing the same thing for decades – and do it well. They may not be exciting… But they can help you take advantage of steady, stable growth, with less risk if markets crash. Today’s company is a perfect example…

Sherwin-Williams (SHW) is a $65 billion paint manufacturer. Selling paint may not make headlines, but it delivers solid results.

In the first six months of the year, Sherwin-Williams’ sales only fell 1.9%, despite headwinds from the coronavirus.

CEO John Morikis said the company had seen “unprecedented demand” from customers looking for do-it-yourself projects… driving a 21% gain in North American retail sales during the second quarter.

As you can see in today’s chart, shares of SHW are ripping higher.

The stock is up more than 80% from its March lows, and it recently hit a fresh all-time high. It’s yet another example of the power of investing in “boring” businesses…

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Source: Daily Wealth’s Market Notes