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Healthy RSI Indicates Bullish Signals For US Stocks: $INTC $GLBS $FE

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Intel Corporation signs new agreement with TSMC for 6nm GPU chips

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Intel Corporation (NASDAQ:INTC) is escalading with a RSI of 23.24. The company has recently signed new cooperation agreement with the TSMC, making it clear that the earlier speculations about 6nm GPU chips were in fact, correct. The new agreement calls for TSMC to provide Intel with 6nm chips' 180,000 units.

Previously, the industry was ripe with speculations of Intel using TSMC's chips on a large scale by 2021. Also, there are reports that Intel shall use 3nm process for its foundry in 2022.

Globus Maritime Ltd generated $12.0 million gross proceeds

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Globus Maritime Ltd (NASDAQ:GLBS), the integrated dry bulk shipping company appears to be jacking up with a RSI of 26.26. The company has recently generated approximately $12.0 million gross proceeds through its underwritten public offering, which was closed on June 22. The unit was priced at $0.35 apiece.

Each of the unit in underwritten public offering included one Class A warrant along with common share.

FirstEnergy Corp. maintains 2020 earnings guidance

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FirstEnergy Corp. (NYSE:FE) broadened with a RSI of 28.75. The company reported that it generated $309 million or $0.57 per basic and diluted share of common stock 2020 GAAP earnings in the second quarter. As the companies are adapting to the new protocols at workplace, the company said that its employees have adapted to these new norms.

For the 2020 GAAP earnings, FirstEnergy has maintained its earnings forecast in $1.02 billion to $1.13 billion range. Meanwhile, it has also stick by its non-GAAP earnings guidance of $2.40 to $2.60 per share.

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The post Healthy RSI Indicates Bullish Signals For US Stocks: $INTC $GLBS $FE appeared first on The Market Signals.

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