RSI Signals Bullish US Stocks: $VEON $TMBR $TIF

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VEON Announces Pricing Of $133 Million Unsecured Senior Notes Offering

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VEON Ltd. (NASDAQ:VEON) with a RSI of 17.00 looks bullish. The company has announced the pricing of the RUB 10 billion ($133 million) 6.5% unsecured senior notes due in 2025 issued under the Global Medium Term Note program that was established in April this year. This represents the second Russian Rouble-denomination bond offering by the issuer and the GMTN programmer which has attracted considerable interest for a wide range of investors globally. The settlement date for this offering will be September 11, 2020 subject to closing conditions.

The company will use net proceeds from the offering for general corporate use. According to VEON the offering of the Notes is a huge step in enhancing the company's Capital structure.

Timber Pharmaceuticals Announce Q2 2020 results

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Timber Pharmaceuticals Inc. (NYSE:TMBR) is also another bullish looking stock with a RSI of 23.48 looks bullish. The company has announced its Q2 2020 financial results for the quarter ending June 30, 2020. The company's CEO John Koconis stated that since the company became a publicly-traded company in may it has continued to execute its strategy and over the quarter they encounter one-time charges and expenses related to the company's merger and financing. Currently, the company has a cash balance of around $14 million that Koconis says is adequate to fund the TMB-001 and TNMB-002 trails to completion in Q3 2021.

The company recently appointed David Cohen and Lubor Gall to the board of directors.

Tiffany Sues LVHM Regarding Delayed Takeover

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Another bullish looking stock is Tiffany & Co. (NYSE:TIF) with an RSI of 23.77. The company is suing luxury items company LVMH over the delay of a high-profile takeover transaction. The Luxury good giant had indicated that it was reconsidering the $16.2 billion takeover deal of Tiffany before the COVID-19 pandemic hit. LVMH stated that the French government had requested it to delay the takeover owing to the US tariff threats.

US jewelry Tiffany stated that it was filing a petition to force the deal to go through. Tiffany has accused LVMH of stalling in completing the deal question the luxury good giant's decision to base the delay on tariff dispute adding that this was a sign that LCMH has unclean hands.

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