This Sector Could Be a Big Winner in Earnings Season
The paint and coatings industry is not the most glamorous to invest in, but that doesn't mean you can't generate good returns from it. The companies in it tend to generate strong returns on equity and have a history of rewarding investors with dividends -- PPG (NYSE: PPG) and Sherwin-Williams (NYSE: SHW) are both Dividend Aristocrats, having increased their dividends for over 25 years consecutively. Moreover, there's reason to believe that the sector is set for a strong third quarter and beyond. Here's why.
The automotive refinishing market appears to be in recovery mode. Image source: Getty Images.
As the chart below demonstrates, it's been a pretty good year for investors in Sherwin-Williams. The stock has outperformed the S&P 500 index and its peer group, including PPG and Axalta Coating Systems (NYSE: AXTA).
Source Fool.com
