Parabolic SAR Signals Bullish US Stocks: $RL $TTEK $LSTR

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Ralph Lauren Announce Investment in Natural Fiber Welding

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Ralph Lauren Corp. (NYSE:RL) is trading above its Parabolic SAR of $66.19, thus the stock looks bullish. The company has announced an investment in sustainable material science company Natural Fiber Welding Inc. The startup has revolutionized the reusing of natural fiber like cotton waste into high-performance materials. Ralph Lauren will help in scaling Natural Fiber's patented process as part of the investment to come up with high-performance apparel developed from natural materials.

The Round Hill boutique hotel in Jamaica that is partly owned by Ralph Lauren has reopened officially. It reopened on September 1, 2020, with all the 36 Lauren-designed rooms and 27 luxury villas open for travelers.

Tetra Tech Announces $68 Million Contract To Support EPA's Superfund Cleanup

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Tetra Tech, Inc. (NASDAQ:TTEK) is also looking bullish and currently trades above its Parabolic SAR of $89.81. The company has received a seven-year $68 million contract for the provision of different program management and technical services for the EPA Superfund emergency cleanup. Tetra Tech indicated that it will work under the indefinite-quantity/indefinite-delivery award in supporting the Superfund Technical Assessment and response team that is assigned to the Region 8 division of the EPA.

The company has also launched a companywide Health Life Challenge promoting healthy employees' lifestyles across its operations globally. Support of wellness of staff especially during this unprecedented period is one of the core values of Tetra Tech.

Landstar System Reported 21% Drop In Q2 2020

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Also, another bullish looking stock is Landstar System, Inc. (NASDAQ:LSTR) which is trading above its Parabolic SAR of $130.90. the company has announced a 21% YoY drop in its Q2 2020 revenue to $824 million compared to $1.045 billion in Q2 2019. The company reported a gross profit of $113.1 million in Q2 2020 which included the impact of pandemic relief payments compared to a gross profit of $158 million a year ago. Earnings in the quarter were $0.63 per share compared to $1.53 per diluted share in Q2 2019.

At the end of the quarter, the company had $282 million in cash and investment with an undrawn revolving credit facility of $216 million.

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