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Aroon Indicates Bullish US Stocks: $USB $FDX $ADI

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U.S. Bancorp Awards $1.15 million Grants To Black-Led Community Financial Partners

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U.S. Bancorp (NYSE:USB) 14 Days Aroon down is 28.57, while 14 Days Aroon Up is 100.00, the stock looks bullish. The Bank Community Development Corporation in partnership with US Bank Foundation announced $1.15 million grants to over a dozen Black-led Community Development Financial partners. These grants are part of the US Bank's commitment of $116 million to addressing economic and social inequalities.

William Carson the VP of USBCDC stated that the grants will support black communities through the provision of immediate funding amid the COVID-19 pandemic. Equally, this will strengthen the relationship between the US bank, communities, and partners that the bank serves. Around 15 CDFIs will receive between $50,000 and $100,000 with the African American Alliance receiving $150,000.

FedEx To Increases Employee Pay by 2% Amid Challenging Times

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FedEx Corporation (NYSE:FDX) is also looking bullish and its 14 Days Aroon down is 7.14, while 14 Days Aroon Up is 100.00. The company announced on Monday that it will give its staff a 2% pay increment amid the challenging times. A statement from the company indicated that they will fund the salary budget pool this year at 2% thanks to the work the employees have put in achieving the Purple Promise during the pandemic. The pay increment will go into effect in October and will apply for all FedEx employees worldwide.

The company has installed industrial robots to perform some of the most difficult tasks to automate in its sorting facility in Memphis. The company integrated the Yaskawa robots into their robotic system which carries tasks that involve picking up envelopes and parcels from a tray and putting them on a conveyor.

Analog Devices Enters Partnership With Intel On 5G Network Design

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Another stock looking bullish is Analog Devices, Inc. (NASDAQ:ADI) whose 14 Days Aroon down is 14.29, while 14 Days Aroon Up is 71.43. The company is collaborating with Intel Corp on 5G network design that is based on the latest open standard to create flexible radio platforms which will help carriers in scaling 5g network deployments. the partnership will combine analog's RF transceivers with the Arria 10 FPGAs of Intel to offer network developers design tools necessary for the development of 5G base stations that include integrated antennas and power amplifiers.

The company's ADL6317VGA gives the high-performance capability of RF DACs, SoC, and transceivers.

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