CNBC Investing Club: Cramer’s Morning Take on Linde 7/31/26

**SPEAKER_1** (0:00)
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**Jim Cramer** (1:02)
Jim Cramer here to share a short preview of my take on the market from today's members only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 1020 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

**Jeff Marks** (1:23)
Linde making a very un-Linde-like move. It was a small beat.
The raise of the EPS outlook for the full year, not as much as we would have hoped. Although there's some mixed parts to the story. So on one hand, electronics is on fire. 18% growth year over year, 7% sequentially. And they scored a huge contract win with an unnamed largest semiconductor manufacturer. This is in an Arizona plant. It's Taiwan. It's a billion-dollar investment Linde is going to make here. And they also got one in Taiwan as well. So a great part of the story.

**Jim Cramer** (2:01)
If you are just a first time, you just joined the club, would you use this as an opportunity to get started with Linde, a great company?

**Jeff Marks** (2:10)
Yes, I think so. I also want to explain why the stock is also down today.
It was their home health care business was weak. There were some headwinds there. They're focused on improving it. But they said on the card, they're evaluating if it earns a place in the portfolio, which is something you want to see. Maybe it belongs somewhere else with a different company and they'll sell it, if it's not generating the returns Linde requires.

**Jim Cramer** (2:34)
It did surprise me because it is that home oxygen, you'll see the tanks at home. But imagine maybe the margins have shrunk. The margins have shrunk for a lot of home health.
Maybe it's a turnkey operation that's really hitting them.

**Jeff Marks** (2:48)
I think there was still some conservatism in the guide. The CFO said while base volume showed some recovery in the second quarter, we'd like a few more quarters under our belt before incorporating this trend into future guides. So maybe there's some conservatism there.
But they're raising capex to support commercial, more commercial space activities this year. They've signed some new long-term agreements to capitalize on the helium shortage out of the straits. So I think the long-term still pretty clear.

**SPEAKER_5** (3:17)
All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

**SPEAKER_1** (3:49)
Trading a Schwab is now powered by Ameritrade, unlocking the power of Think or Swim, the award-winning trading platforms loaded with features that let you dive deeper into the market. Visualize your trades in a new light on Think or Swim desktop with robust charting and analysis tools, all while you uncover new opportunities with up-to-the-minute market news and insights. Think or Swim is available on desktop, web and mobile to meet you where you are. It's built by the trading obsessed to help you trade brilliantly. Learn more at schwab.com/trading.