Trump-Tied ‘Truth Social Bitcoin ETF' Inches Closer After Filing
Trump Media & Technology Group Corp. appears to be one step closer to launching an exchange-traded fund tied to Bitcoin, joining the crowded field of crypto-investment offerings for the retail masses.
NYSE Group Inc. filed regulatory paperwork on Tuesday to list the Truth Social Bitcoin ETF, using the name of President Donald Trump's social network.
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1 Ultra-Safe Dividend King Stock to Double Up On in June
Illinois Tool Works benefits from diversification and pricing power. The company is effectively managing tariffs and macro challenges. Illinois Tool Works has an impeccable track record of supporting dividend growth. 10 stocks we like better than Illinois Tool Works › Illinois Tool Works (NYSE: ITW) -- often referred to simply as ITW -- is an industrial conglomerate and Dividend King that has boosted its payout for 61 consecutive years. However, ITW's stock price and earnings have stagnated as the company faces a challenging operating environment. Despite these conditions, ITW continues to chart a path toward long-term growth and set clear shareholder expectations. Here's why ITW stands out as a top Dividend King to buy in June. A good management team will set clear standards that investors can use to determine if the company is executing on its goals. A blend of short-term, medium-term, and long-term targets can help build an investment thesis and determine if those targets are good enough to buy and hold a stock. ITW is an excellent example of a company that set ambitious goals, achieved them, and rewarded its shareholders over an extended time period. From 2012 to 2023, ITW deployed its Enterprise Strategy, which boosted its operating margin by over 9 percentage points, more than tripled its earnings per share (EPS) and market cap, and increased its dividend by 3.7 times. From 2024 to 2030, ITW is focusing on organic growth, led by its Customer-Back Innovation process. The process involves acting on customer ideas and responding to customer needs rather than coming up with ideas and hoping they stick. The idea is to leverage ITW's existing brands and take those brands to the next level through product development and global sales rather than overly relying on mergers and acquisitions. The strategy aligns with ITW's structure. Although ITW is a conglomerate with dozens of brands and seven key segments -- automotive original equipment manufacturing, construction products, food equipment, polymers and fluids, specialty products, test and measurement and electronics, and welding -- it gives a lot of flexibility to each segment. This autonomy allows each segment to adapt to changing demand trends, pricing, and economic conditions. By 2030, ITW expects its operating margin to reach 30% and achieve average annual EPS growth of 9% to 10%, which will support a 7% annual increase in its dividend. It also plans to convert 100% of net income into free cash flow, which will support a growing dividend, buybacks, and organic investments. It's a bold strategy, but ITW's results showed that it was possible as the company steadily grew its operating margin. But the recent quarter saw a decline in operating margins and sales. 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Why One Analyst Thinks Tesla Could Dominate the 'Low-Altitude Economy'
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