Aroon Signals Bullish US Stocks: $ENB $MELI $ITW

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Enbridge Completes Repairing Work In Marysville

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Enbridge Inc (NYSE:ENB) 14 Days Aroon down is 7.14, while 14 Days Aroon Up is 100.00. This stock gives bullish indications. The company recently announced that the repairing work on Line 5 under St. Clair River, Marysville is now complete. This repairing work was a part of agreement between state of Michigan and the company, signed in November 2017.

The company was supposed to provide improvements in environmental protections across different waterways and the Great Lakes. The state of Michigan asked the company to replace Line 5 with newer pipe beneath the river in tunnel.

Replacement work started off in March 2020. The newer and replaced pipeline is in service since July 30, 2020 and is fully functional and operational now.

Mercadolibre To Announce Q202020 Financial Results Next Week

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Mercadolibre Inc (NASDAQ:MELI) is a bullish stock since its 14 Days Aroon down is 7.14, whereas 14 Days Aroon Up is 100.00. The company has recently announced changes to the date of release of latest financial figures. The company was supposed to announce its second quarter financial results on August 6 earlier. Now, these results shall be announced on August 10.

This company is known to be the largest host of payments ecosystem and online commerce in the U.S. It has its presence in 18 countries, including Peru, Brazil, Argentina, Chile, Venezuela, Mexico and Columbia.

Illinois Tool Works Beats Consensus Estimate For EPS in Q2-2020

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The 14 Days Aroon down of Illinois Tool Works Inc. (NYSE:ITW) is 14.29, while 14 Days Aroon Up is 100.00. ITW is a bullish stock. The company came out with strong second quarter financial results as it beat consensus estimate. Illinois Tool Works reported the earnings per share of $1.09 in the quarter, as compared with estimated $0.70 per share. This is relative with $2 per share earnings in the previous year. All the figures are adjusted in accordance with non-recurring items.

In the quarterly report, the company posted 55.71% earnings surprise. In the previous quarter too, the company beat consensus estimate for EPS. In Q1-2020, the analysts had predicted $1.71 per share earnings, while the company came out with $1.77 EPS, reflecting 3.51% earnings surprise.

In last four quarters, the company has outshined consensus estimate for EPS all the times.

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