ROI Shows Bullish Stocks Among Large Cap Companies: $TLK $CMI $CINF

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Telkom Indonesia Ceases Operations Of Joint Venture With eBay

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Telkom Indonesia (NYSE:TLK) has an ROI of 21.40%, which is one of the highest amongst large-cap companies. Telkom Indonesia and eBay's joint venture has halted operations. stated that following a change in business strategy the company will stop all purchasing activities from September 1, 2020. However on-going sales, purchases, deliveries, and payments will be settled. The Indonesian telecommunications company stated that for now, it will focus on the launch of other projects that include midsize and small enterprise.

The company's mobile operator Telkomsel is in talks to invest in ride-hailing company Gojek. If successful the mobile operator will join other investors that include Paypal and Facebook in taking a stake in the firm.

Cummins In Partnership With US Department Of Energy To Supply Material For Facemasks

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Cummins Inc. (NASDAQ:CMI) is another bullish looking stock whose ROI of 21.60%, is one of the highest amongst large-cap companies. The company is supplying material for millions of Face masks from the Cookeville Tenn filtration facility in partnership with the US Department of Energy's nearby Oak Ridge National Laboratory. The company's director of filter media technology and IP Christopher Holm stated that because of their expertise in the automotive filtration industry they can adapt to supplying media used in making facemasks that are in demand across the country.

The company has announced an extension of its long term partnership with Navistar International Corp. Cummins has been picked as the preferred supplier of Navistar for medium and heavy-duty big bore engines for IC Buses and International Trucks.

Cincinnati Financial Declares Quarterly Dividend

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Another bullish looking stock is Cincinnati Financial Corporation (NASDAQ:CINF) whose ROI of 19.10%, is among the highest amongst large-cap companies. The has declared a quarterly cash dividend of $0.6 per share which will be payable on October 15, 2020, to shareholders that will be on record as of September 16, 2020. This will be the 60th year that the company is increasing its annual dividends.

The board of the company's subsidiary CFC Investment Company has appointed CEO and Chairman Steven Johnston as the president of the company. Michael Sewell the CFO and SVP has been appointed as the COO. Cincinnati Financial SVP and Chief Investment Officer Martin Hollenbeck will continue as a director of the subsidiary.

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