Author: Multibagger News

MEDINA, Ohio – RPM International Inc. (NYSE: NYSE:), a leader in specialty coatings and sealants, announced today that its board of directors has declared a quarterly cash dividend. Shareholders of record as of July 17, 2024, will receive a dividend of $0.46 per share on July 31, 2024. This announcement follows RPM’s achievement in October 2023 when the company marked its 50th consecutive year of cash dividend increases, a milestone that less than 0.5% of U.S. public companies have reached. With this record, RPM joins a select group of 41 other companies that have achieved a longer streak of growing…

Investing.com — Investors savvy enough to buy the multi-month dip in Tesla (NASDAQ:) stock at the start of July are already reaping hefty results. In just two market sessions this month, the EV giant jumped an incredible 16.8% and appears set to keep on gaining. Such is the case for our premium users, who subscribed to our monthly updated AI-picked list of winners for less than $8 dollars a month. After an impressive year-to-date rally, in which early picks on gainers such as Vistra Energy Corp (NYSE:) (+127% this year), Super Micro Computer (NASDAQ:) (+194% this year), and MicroStrategy Incorporated…

OTTAWA (Multibagger) – Canada named a woman as the country’s top soldier for the first time ever on Wednesday, continuing a push by Prime Minister Justin Trudeau to appointment women to the most senior jobs. Lieutenant-General Jennie Carignan, in charge of efforts to stamp out ingrained sexism and misconduct in the armed forces, will take over on July 18 as chief of the defense staff. Carignan, originally a military engineer, has commanded troops in Afghanistan, Bosnia-Herzegovina, Iraq and Syria during her 35 years in the army. “Over the course of her career, her exceptional leadership qualities, commitment to excellence, and…

(Multibagger) – Growth across Britain’s services companies slowed by less than first thought in June but it still ebbed to a seven-month low, according to a survey on Wednesday that pointed to modest economic growth momentum for the incoming government. The S&P Global UK Services Purchasing Managers Index fell in June to 52.1 from 52.9 in May, its lowest reading since November but revised up from a preliminary estimate of 51.2. Data provider S&P Global linked the slowdown to companies taking a “wait-and-see” approach to the outcome of Britain’s July 4 national election. Opinion polls show the opposition Labour Party…

However, it was noted that one competitor, ALC, has raised its rebates for new wearers to one of the highest levels in the industry, marking the second notable increase in the sector this year. Despite these industry developments, Piper Sandler does not foresee an immediate risk to the growth of CooperVision (CVI), a segment of Cooper Companies, as the company has not altered its rebate offerings. Moreover, Cooper Companies’ management has expressed a positive outlook on sustained pricing support for the next 12 to 18 months. Piper Sandler’s reiteration of the Overweight rating indicates confidence in Cooper Companies’ market position,…

By Makiko Yamazaki TOKYO (Multibagger) -Japan’s finance minister said on Tuesday authorities were vigilant to sharp currency market moves, as the yen continued its slump to fresh 38-year lows against the dollar, but stopped short of giving a clear intervention warning. The change in official daily commentary to reporters, in which an intervention warning has become almost customary, comes as analysts question the effectiveness of such jawboning in stopping sharp yen declines. “Foreign exchange levels are set by the market reflecting a complex mix of various factors, including inflation, current account balance, market sentiment and speculative moves,” finance minister Shunichi…

Investing.com– U.S. stocks were little changed Wednesday in holiday-impacted volumes, consolidating after recent gains ahead of the widely-watched official jobs report.  At 09:35 ET (13:35 GMT), the rose 75 points, or 0.2%, the climbed 4 points, or 0.1%, and the edged 7 points, or 0.1%, higher.  The main Wall Street indices are set for a shortened trading day on Wednesday ahead of Thursday’s Independence Day holiday, and come off strong gains on Tuesday after Federal Reserve Chair Jerome Powell flagged some progress in cooling inflation. Fed minutes, labor data in focus  Fed Chair Jerome Powell flagged some progress in bringing down inflation,…

By Marianna Parraga HOUSTON (Multibagger) – The second bidding round for shares in refiner Citgo Petroleum’s parent was “successful,” with several competitive bids received last month by a U.S. federal court, a representative of the court officer overseeing the sale process said on Tuesday. The case, aimed at paying up to $21.3 billion to creditors for past expropriations and debt defaults in Venezuela, was introduced by miner Crystallex in 2017 and has since allowed a dozen and a half companies to pursue proceeds from the court-organized auction. Parties representing Venezuela called the first bidding round in January “disappointing” as the…

By Foo Yun Chee, Ilona Wissenbach and Angelo Amante BRUSSELS/FRANKFURT/ROME (Multibagger) -Lufthansa won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and slots, with the news boosting rival IAG’s shares and hopes for its takeover of Air Europa. The deal will boost Lufthansa’s presence in the lucrative southern European market and is one of three high-profile sector transactions in Europe, underscoring efforts by its airlines to boost scale to offset rising operating costs. Lufthansa CEO Carsten Spohr told a press conference in Rome that ITA’s Fiumicino airport hub…

Investing.com —  The case for a rising neutral level of interest rates has yet to meet two key criteria, according to New York Federal Reserve President John Williams. In prepared remarks at an European Central Bank event in Sintra, Portugal, Williams said recent commentary has suggested that this rate — known as “R-star” — has increased “due to persistent changes in the balance between the supply and demand for savings.” R-star is the theoretical real short-term interest rate at which inflation is tamed and the economy is at full strength. However, Williams argued that the value of R-star is very…