Shw stock price closed at $311

SHW stock price closed at $311.95, as investors react to guidance upgrades from sector peers. Analysts forecast bullish trend continuation if supply chain cost moderation persists. In Europe and other areas, the broader equities were supported by improved economic activity and the expectation of multiple Fed cuts at the start of 2024. However, the growth-policy trade-off might worsen in 2H 2024. JPMorgan believes that “there is a risk of disappointment.” The large bank expects that the Fed might stay ‘higher-for-longer,’ US activity momentum might decelerate and there can be a softening of pricing and top-line growth. Collectively, this might hurt earnings delivery in 2H 2024. Therefore, investing in stocks with wide economic moats and companies having significant market share should help offset the losses in the remainder of 2024. Additionally, there is the challenge of raw material price fluctuations. The production of paints and coatings heavily depends on raw materials like titanium dioxide and petrochemical derivatives. Increases in these prices can squeeze margins. SHW may not always have the ability to pass on higher costs to consumers, particularly in competitive markets. The SHW stock price is trending upward, with today’s close at $312.