USA Aroon Signal Bullish Stocks: $EBR $NWSA $IPGP

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Eletrobras Posts 68% YoT Increase In R=Net Revenue In Q2 2020

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Eletrobras (NYSE:EBR) 14 Days Aroon down is 21.43, while 14 Days Aroon Up is 92.86, the stock looks bullish. The company posted a net income of 4.6 billion reais in Q2 2002 which is a 17% drop from last year. However, the company's EBITDA jumped 483% to 7.78 billion reais which benefitted from extraordinary tariff revision gains. Net revenue in the quarter was up 68% to 11 billion reais.

The Administrative Council for Economic Defense of Brazil has authorized the sale of 49% interest in a 26-MW wind farm held by Electrobas. The deal was given a greenlight following calls for the company to sell its entires stake in the Eolica Mangue Seco 2 facility to Tradener Group-controlled investment fund FIP Pirineus.

News Corp Posts Q4 EBITDA Of $165 million

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News Corp (NASDAQ:NWSA) stock is also looking bullish and its 14 Days Aroon down is 28.57, while 14 Days Aroon Up is 92.86. The company reported a drop in advertising revenue across its businesses including Australia. Dow Jones surprisingly grew EBITDA by 13% to $60 million in the quarter ended June. News Corp reported Q4 EBITDA of $165 million which is a 28% YOY drop. In the next three years, Foxtel costs base will drop following reductions in recast sports rights with saving of AU$180 million over the period and the company plans to realize cost savings of $100 form the 2022 financial year.

News Corp requested the Snowy Monaro regional council to fund the bush summit for $15,000 to reinvigorate rural towns.

IPG Photonics Tops Earnings Consensus Estimates

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Another stock that is currently looking bullish is IPG Photonics Corporation (NASDAQ:IGP) 14 Days Aroon down is 28.57, while 14 Days Aroon Up is 85.71. The company reported Q2 2020 earnings of $0.91 per share topping consensus estimates of $0.58 per share compared to EPS of $1.42 per share last year.

Revenue in the quarter came in at $296.41 million beating estimates by 7.93% but coming short of Q2 2019 revenues of $363.77 million. For the coming quarter, analysts expect the company to post revenue of $301.75 million and EPS of $0.81. For the full year, the company is expected to post earnings of $3.02 per share on revenue of $1.16 billion.

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