Why RPM International Soared 11% in July
Shares of coatings and sealants company RPM International (NYSE: RPM) rose 11% in July, according to data from S&P Global Market Intelligence. There's little doubt over the catalyst for the move, with the stock rising significantly after a well-received set of fourth-quarter earnings released on July 22.
In a sense, the outperformance versus the broader market is somewhat reflective of the market's mood toward industrials in the past month, because it's more about cost-cutting than any improvement in end markets.
A slew of companies have reported weakness in industrial end markets during the past quarter, and RPM's exposure to industrial and construction activity, which was hurt by weather-delayed projects, meant it had what Treasurer and VP of global tax Matt Ratajczak described as "severe challenges" in the quarter.
Quelle Fool.com
