Why Sherwin-Williams Stock Surged 11% in May
Shares of paint and coatings company Sherwin-Williams (NYSE: SHW) rose 10.7% in May, according to data provided by S&P Global Market Intelligence. The stock outperformed the S&P 500 index in the month but slightly lagged the performance of its peer group.
In short, the sector did well because the market had a more positive outlook for economic growth. That's a plus for the paint and coatings industry because its prospects are typically seen as being tied to the economy through key end markets, namely housing, commercial construction, general industrial, automotive (original equipment and refinish), and marine.
Source Fool.com
