Air Products & Chemicals (APD) in Fidelity Select Materials Portfolio Q3 2024

Leveraging Industrial Gases for Growth and Stability

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Apr 14, 2025
Summary
  • Key player in industrial gases with robust growth potential.
  • Benefits from strong pricing power and defensive market positioning.
  • Risks include potential economic slowdowns impacting demand.
  • Performance bolstered by favorable market trends and strategic positioning.
  • Future outlook remains strong with continued emphasis on growth sectors.

Air Products & Chemicals, Inc. (APD, Financial) was another significant holding in the Fidelity Select Materials Portfolio as of Q3 2024. The fund's focus on industrial gases highlights APD's strategic importance, given its robust growth potential and defensive market positioning. The company's ability to leverage strong pricing power and participate in economic recovery scenarios makes it a valuable asset in the portfolio.

"Air Products & Chemicals remains a top-five holding, reflecting our confidence in its growth potential and defensive qualities within the industrial gases sector." — Fidelity Select Materials Portfolio, Q3 2024 Fund Letter

Read full letter at gurufocus fidelity select materials portfolio q3 2024 review 2024 Q3 page.