Bullish stock with positive Float Short: $FTV $EOG $AEP

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Fortive is bullish with appointment of new director


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Fortive Corp (NYSE:FTV) with a float short of 1.64% looks bullish.

Fortive Corp has announced the appointment of Sharmistha Dubey as its director. Ms. Dubey is currently the Chief Executive Officer and Director of Match Group, Inc. She is in charge of overseeing the growth of the portfolio including brands like OurTime, PlentyOfFish, Pairs, Hinge, OkCupid, Meetic, Match,and Tinder.

Before her current position, Ms. Dubey served in various leadership positions at Match Group, Inc where she has worked since 2006. She has been the company's Chief Product Officer, President of Match Group Americas, Chief Operating Officer of Tinder, and Match Group's President. In its latest report, Fortive declared a dividend of $0.07 per share of its common stock.

EOG Resources is bullish with a float short of 1.67%


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EOG Resources Inc (NYSE:EOG) with a float short of 1.67% looks bullish

EOG Resources Inc reported strong net cash largely due to increase in operating activities and free cash flow in 2Q 2020. The company announced that it produced 7% more crude oil than projected and managed to cut capital expenditure by 26%.

In the 2Q 2020, the company reported drop in earnings compared to 2Q 2019. The drop was largely due to reduced production volumes and lower commodity prices. The drop in earnings was partially offset by a decrease in operating costs. The company managed to quickly adjust to decreasing oil prices in the wake of the COVID-19 pandemic by lowering its drilling capacity and reducing both operating costs and capital expenditure. In addition, EOG delayed initial production from many of its new wells as well as shutting production in wells with lower margins.

Another bullish stock is American Electric Power Company as it takes full control of Trent Mesa and Desert Sky wind facilities


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American Electric Power Company Inc (NYSE:AEP) with a float short of 1.19% looks bullish

AEP Renewables, a competitive renewable energy subsidiary of American Electric Power has completed the acquisition of Invenergy's 20.1% interest in the Trent Mesa and Desert Sky wind facilities in Texas. The two facilities have been jointly owned by AEP Renewables and Invenergy since 2018. The two companies are yet to disclose the terms of the deal.

With the purchase, AEP Renewables now fully owns the 170 MW Desert Sky plant located near Iraan, Texas. It also owns the 156 MW Trent Mesa facility, which is situated between Sweetwater and Abilene in west Texas.

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