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US Stocks Surging Above 20days Moving Average (20SMA): $TRP $G $HBI

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TC Pipelines Receives Trump's Authorization For Keystone Pipeline Network

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TC Pipelines LP (NYSE:TRP) is 7.81% above its simple moving average of 20 days is. What's more positive for TRP is recent development and announcement by the Trump administration that gave its heads up to the present Keystone pipeline network. The authorization by President Trump came in on July 29.

The Canadian company can enhance its inter-territorial shipment on this network to as high as 170,000 barrels per day.

The permit is required for all infrastructure projects which are spread through the U.S. borders. Apart from the Keystone pipeline network, other pipeline and rail projects were also given green light to proceed further.

Genpact CDO Considers Digital Transformation Is The Need Of Hour

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Genpact Ltd (NYSE:G) is at present trading 7.66% on top of its 20 Days SMA. Genpact stock demonstrates bullish signals. The CDO of Genpact, Sanjay Srivastava in his recent interview explained the importance of digital transformation.

According to the Genpact CDO, COVID-19 pandemic has taught the enterprises a lesson that digital transformation is the need of hour and no longer remains an option.

He stated that the choices around digital transformation will help in preparing organizations for the future. There is a need for moving online from offline locations. He further explained that the present scenario calls for holistic approach and ethical working style.

He also stated that larger investments have flowed into key digital projects during the pandemic and this is the only way for the companies to succeed.

Hanesbrands Declares Quarterly Cash Dividend

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Hanesbrands Inc. (NYSE:HBI) is trading above its 20 days simple moving average at 6.80%. The Board of Directors gave their nod to the quarterly cash dividend of $0.15 per share.

The dividend is to be paid to shareholders on company's record as of August 11, 2020. The dividend shall be paid on September 1, 2020. The investors looking for healthy dividend returns can consider this stock.

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The post US Stocks Surging Above 20days Moving Average (20SMA): $TRP $G $HBI appeared first on The Market Signals.

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