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.