Why Sherwin-Williams Stock Soared in April
Shares in paint and coatings company Sherwin-Williams (NYSE: SHW) rose 16.7% in April, according to data from S&P Global Market Intelligence. The move comes in line with an overall improvement in market sentiment -- the S&P 500 index rose nearly 13% over the same period. However, there are a few reasons Sherwin-Williams did well and also outperformed peers such as PPG (NYSE: PPG) and Axalta Coating Systems (NYSE: AXTA).
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Indeed, these points were highlighted in the recent first-quarter earnings presentations. For example, according to the earnings release, "strong architectural paint volumes across all end markets" helped offset declines elsewhere and led to 2.6% year-over-year sales increase in the first quarter.
Source Fool.com
