Bullish Stocks Trading Above Their 50Days Moving Average: $AEO $GES $BNED

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American Eagle Outfitters Adds More Kindred Sort Robots At Its Distribution Centres

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American Eagle Outfitters Inc. (NYSE:AEO) is currently trading 16.53% above its 50 Days simple moving average and the stock looks bullish. The company has acquired Kindred SORT Robots as it expands its fleet to meet the growing demand for online orders and surge in employee distancing I the wake of COVID-19. Also, the company will install another 26 more units in its main US distribution centers. American Eagle has used the Kindred SORT robots in Ottawa and Hazleton since 2018.

The incorporation of robots helps in handling high e-commerce volumes as the robots pick orders from bins and place them in a put wall. So far almost two dozen robots have been added to their distribution centers.

Guess Reports Revenue Of $399 Million In Q2 2021

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Guess, Inc. (NYSE:GES) is also another stock currently looking bullish and it is trading 16.50% above its 50 Days simple moving average. The company has announced its fiscal Q2 2021 results in which revenue dropped 42% to $399 million and dropped 41% in constant currency due to the pandemic. GAAP loss per share in Q2 2021 compared to EPS of $0.35 in Q2 2020 while adjusted loss per share came in at $0.01 Q2 2021 relative to $0.38 per share in fiscal Q2 2020. The company has also recommenced its quarterly cash dividend program and it declared a cash dividend of $0.1125 per common share in the quarter.

Recently the company announced Michele Morrone as the new Global face of GUESS Men's

Barnes & Noble Education Reports Nte Loss of $46.7 million in Q1 2021

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Another bullish looking stock is Barnes & Noble Education Inc. (NYSE:BNED) which is currently trading 15.50% above its 50 Days simple moving average. The company has announced its fiscal Q1 2021 results in which consolidated sales were $204 million which a YoY drop of 36.2%. Consolidated GAAP net loss in the quarter was $46.7 million compared to a net loss of $32.2 million in Q1 2020. Non-GAAP adjusted EBITDA was $38 million compared to $25.1 million a year ago.

The company has announced that its board of directors has agreed on a review of strategic opportunities announced in December last year. After deliberation and lengthy consultation with legal and financial advisors, the board determined that they will continue executing the current business plan as it is

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