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June 18, 2020, 10:22 a.m. EDT

Healthy RSI Indicates Bullish Signals For US Stocks: $AA $SKWS $JWN

Jun 18, 2020 (The Market Signal via Comtex) -- The Market Signal was created as a platform to help investors find the best free Stock Reports on stocks they own. If you are a shareholder or looking for stocks to buy (NYS:AA) , or (NYS:JWN) then we strongly urge you to join our community by signing up with the link below and getting a completely free research report on each company today.

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Alcoa to formally commence headcount reduction process in San Ciprian aluminum facility

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The global leader in bauxite, alumina and aluminum, Alcoa Corp (NYS:AA) with a RSI of 60.91 looks bullish. The company, in order to contain costs at this time of pandemic will formally begin the headcount reduction process on June 25, 2020. This will be a formal process by company where it will collectively dismiss its employees in San Ciprian aluminum facility at Spain.

Last month, the company had launched an informal process for discussing unsustainable and significant circumstances with the representatives of its workers at the aluminium plant. Now, the company shall be commencing a formal consultation period of 30 days with Works Council so as to reach a point where both company, as well as workforce succeeds.

Skyworks achieves industry -recognized standard of international aerospace quality AS9100D certification

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An innovator of high-performance analog semiconductors, Skyworks Solutions, Inc. (NASDAQ:SKWS ) looks like a bullish stock since it has a healthy RSI of 63.97. The company had recently announced securing AS9100D certification for the Milpitas, California facility. The certification holds much credibility since it is an industry-recognized standard of international aerospace quality. With the help of this certification, the manufacturing suppliers like this company get extensive quality system for reliable and safe products.

Notably, Skyworks is known to be the market leader in high-quality and high performance components meant for medical, defense, extreme industrial and aerospace markets.

Nordstrom CEO says that the company is inclusive and not intimidating

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Nordstrom, Inc. (NYS:JWN) with a RSI of 50.17 looks bullish. The chief executive officer of this company, Erik Nordstrom was speaking at the Evercore conference on June 16 regarding its position as the employer and retailer, in reference to the George Floyd killings. The CEO also referred to the other people of colour, Rayshard Brooks, Breonna Taylor and Ahmaud Arbery.

Erik Nordstrom said that the company is positioned as an all-inclusive place and sells "nice things." He added that the company wants to sells best fashion to the world, but in a way that is inclusive and not intimidating. He added, "I think part of our reputation that we're fortunate to have is for having good people, especially in our stores, people who care about their customers."

The CEO's address on the topic is a crucial one, especially as most companies in the U.S. are either taking a stand or pledging considerable amounts of funds to support black communities.

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The post Healthy RSI Indicates Bullish Signals For US Stocks: $AA $SKWS $JWN appeared first on The Market Signals .

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