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US Stocks Surging Above 20days Moving Average (20SMA): $TMO $TGT $DBX

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Thermo Fisher Scientific Inc. meets predicted revenue with COVID-induced global sale

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Thermo Fisher Scientific Inc. (NYSE:TMO) stashed 5.37% beyond 20 Days simple moving average. In the previous month, the company reported that its second quarter revenues were 10% up as against the corresponding period in previous year, thanks to the sales driven by the pandemic. There has been a considerable increase in demand for products and services that are associated with COVID-19.

The company said that it had predicted 10% growth of revenue as against previous year, which is met in Q2-2020 despite the pandemic. The revenue totaled at $6.92 billion in the second quarter, an increase from $6.32 billion in the corresponding period in previous year. Out of this, $1.3 billion or 19% is attributed to the revenue generated through products and services associated with the pandemic.

Target Corporation extends support to Summit Academy for promotion of racial equity

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Target Corporation (NYSE:TGT) increased 5.43% greater than it's 20 Days SMA and the stock appears to be burgeoning. With the focus on promotion of racial equity and debunking social injustice after death of George Floyd in Minneapolis, the company, on August 3 announced that it is forwarding support to the Summit Academy for establishment of North Star Innovation Center (NSIC) in North Minneapolis.

The purpose of this partnership is to support black families and also provide stronger quality of life. "Regional Acceleration Center is an important part of that investment," said the CEO and Chairman of company, Brian Cornell.

Dropbox Inc pushes for digital transformation with locally-hosted signature solution

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Dropbox Inc (NASDAQ:DBX) surged north as it gained 5.95% above its 20 Days simple moving average. As digital transformation becomes all the more important in the present times of pandemic, which do not seem to end unless there is vaccine, Dropbox has introduced a locally-hosted signature solution called HelloSign. Along with this, the company also brought out new capabilities for the HelloSign documents storage. This will help the customers in New Zealand and Australia.

With this feature, the customers shall be able to sign as well as share documents from Dropbox. The interesting fact is that the company enables storing the documents within Australia, in an attempt to ensure that there is local residency of data.

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The post US Stocks Surging Above 20days Moving Average (20SMA): $TMO $TGT $DBX appeared first on The Market Signals.

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