Is This 1 Top Industrial Stock Sounding the Alarm On China's 2024 Economy?
Share prices of top industrial gas, natural gas, and hydrogen company Air Products and Chemicals (NYSE: APD) just sank. Investors may have been spooked by some commentary from CEO Seifi Ghasemi, who had this dire warning on the last earnings call:
I'd just like to caution everybody on the call that the economic situation in China is not as robust as people might think. As you know, we make products that are used instantaneously. We are a great leading indicator. And things are not really that exciting in that part of the world.
China is the world's second-largest economy, accounting for nearly 20% of global GDP. If economic conditions get tough in China, it can spell disaster for many company stocks that do business there. Is Air Products sounding the alarm for investors?
Source Fool.com
