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Aroon Signals Bullish US Stocks: $TSM $DE $NOC

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Japans Eyes Taiwan Semiconductor For Rejuvenating Lagging Chip Industry

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Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) is giving bullish signals with 14 Days Aroon down at 7.14, and 14 Days Aroon Up at 92.86. The Government of Japan is planning to invite TSM for construction of advanced chip manufacturing plant along with local chip suppliers. The government shall also consider other renowned, worldwide chipmakers.

Japan is looking for tapping into the potential of TSM and using its global chip-making expertise so as to reinstate its chip industry. The government there is seeing national security as a major concern in present times. Japan still lags behind in chip industry.

The company for the project shall be offered several hundred billion yen over a period of several years.

Deere & Company Explains Brazilian Growers' Adaptation To Digital Transformation During Pandemic

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Yet another bullish stock in context with Aroon indicator is Deere & Company (NYSE:DE) whose 14 Days Aroon down is 7.14, while 14 Days Aroon Up is 92.86. The company, in its recent interview to Bloomberg stated that the pandemic has paced digital revolution in agriculture in Brazil. During the COVID times, the farmers have turned towards online assistance and equipment buying for agricultural activities.

The company highlighted that Brazilian farmers and growers are younger in age and therefore, have adapted to digital platforms better than the ones in U.S. Due to this, the telecommunication companies are interested in building better networks in the rural and remote regions of Brazil. The country has as much as 23 million acres or 25% of soybean planted area. In next five years, this connectivity is expected to reach as many as 80% of the farms.

Northrop Grumman Successfully Launches NROL-129 Mission From Mid-Atlantic Regional Spaceport

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Northrop Grumman Corporation (NYSE:NOC) is also a bullish stock moving north with 14 Days Aroon down at 7.14, whereas 14 Days Aroon Up at 92.86. The company successfully launched its NROL-129 mission from Mid-Atlantic Regional Spaceport, or MARS. NROL-129 mission includes four payloads which are built and designed by National Reconnaissance Office.

The launch mission is declared successful. This was company's first Minotaur IV launch from MARS at the Wallops Flight Facility of NASA. It is situated at Wattsville town on Virginia's eastern shore.

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