Goldman Sachs recommended that investors consider a specific strategy when trading European markets right now given the "scope for near-term volatility in equities." This follows the recent market rally and is expected to prove effective "until inflation momentum turns more negative," the investment bank's analysts wrote in a May 23 research note. Despite logging a drop in the past few days, the pan-European Stoxx 600 is up around 10.7% year-to-date and up some 18.
"These suggest Air Liquide's markets are unlikely to be disrupted and is a key driver of the company's ability to sign long-term take-or-pay contracts with customers, which provide strong growth visibility," Fraser added. Shares of Air Liquide are traded on Euronext Paris Exchange under the ticker AI - FR. It is also traded in U.S.′ over-the-counter markets as AIQUF. Its Paris-listed stock is up around 13.2% in the past 12 months. Goldman gives the stock around 23.