Marico Ltd. and Dabur India Ltd. shares surged up to 6% to near 52-week highs after strong business updates for the June quarter of FY25. Marico's domestic business saw modest volume growth, with Parachute Coconut Oil posting low single-digit growth and Saffola Oils delivering mid-single digit growth. Dabur expects mid-to-high single-digit revenue growth.
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Record heat and hurricanes threaten to test US refiners' resilience, raising the risk of volatile fuel prices. Government forecasters expect up to seven major hurricanes, double the annual average. A major storm could remove up to a million barrels of fuel supply, leading to extended outages or permanent closures, and prices could jump 25-30 cents per gallon.
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The S&P 500 and Nasdaq-100 indexes had a strong first half of 2024, but dividend stocks underperformed, with the Dow Jones US Dividend 100 Index rising only 2%. 3 Dividend Stocks to Buy for the Second Half are: 📌Enbridge, 📌Brookfield Infrastructure, and 📌Brookfield Renewable stand out as attractive dividend stocks, offering yields of 7.5%, nearly 5%, and 5%, respectively.
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